Do More With Reuters
Partner Services

India natgas supply to rise 10 pct in 2010/11 -govt

Thu Jul 23, 2009 6:33pm IST
 
Email | Print | | Single Page
[-] Text [+]

NEW DELHI, July 23 (Reuters) - India's natural gas supplies are projected to rise about by 10 percent in 2010/11 (April-March) and 7 percent in 2011/12, junior oil minister Jitin Prasada said on Thursday.

Supplies are expected to rise from an estimated 242.47 million standard cubic metres a day (mmscmd) in 2008/09 to 267.09 mmscmd in 2010/11 and 285.42 mmscmd in 2011/12, he said in a written reply to a question in parliament.

He said the supply of liquefied natural gas in India is expected to rise to 83.12 mmscmd in 2011/12 from 52.50 mmscmd in the current fiscal year.

In reply to a separate question, the minister said India's natural gas demand was 196.64 mmscmd in 2007/08, while production was 75 mmscmd. (Reporting by Nidhi Verma; Editing by John Mair)

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
Economy seen growing at 7.2 pct in FY10 - govt

The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives
Greece's Finance Minister Papaconstantinou addresses reporters during a news conference in Athens, January 20, 2010.
Eurozone agreed in principle to aid Greece

Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said.  Full Article 

FROM THE MARKETS

After the Bell
After the Bell

Reuters Money's Kshitij Anand updates you on the movers and shakers of the Indian stock market.  Blog 

SHOWCASE

"Claw Back" Pay
"Claw Back" Pay

Banks and regulators hope that threats to "claw back" pay if trades later blow up will rein in risk taking on Wall Street.  Full Article 

 
James Saft
Blaming Asperger's

COLUMN - Did Asperger's help cause the financial crisis?  Full Article 

 
Going Global
Going Global

With Volvo, Chinese eye M&A abroad to win at home.  Full Article 

 
Delivery Woes
Delivery Woes

Boeing 787 delivery schedule could slip - experts.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage