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Oil PSUs IOC, HPCL, BPCL betting on natural gas as next big thing

State-owned oil companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum - are planning to raise gas contributions to between 5 and 15 per cent of their incomes over the next few years

Reuters  |  Mumbai | New Delhi 

India’s state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi’s goal of making the fuel a bigger part of the country’s energy mix. State-owned oil companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum - are planning to raise gas contributions to between 5 and 15 per cent of their incomes over the next few years, up from nearly none now, company executives said. This in line with a government target to raise the natural gas portion of India’s primary energy mix to 15 per cent by ...

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First Published: Mon, November 20 2017. 08:59 IST
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