Business Standard

Pipeline dreams of gas-based economy: Hurdles in govt's $118-bn masterplan

Though the government is mulling options to create a gas hub, doing so demands higher volume and maturity in the domestic market

gas, pipeline, gas pipeline

Shine Jacob New Delhi
Natural gas accounts for just 6 per cent of India’s energy basket, but the government has an $118 billion “masterplan” to increase this share to about 15 per cent in five years. To achieve this, it has earmarked some $60 billion to create the infrastructure — pipelines, import terminals and city gas distribution (CGD) networks — by 2024 and another $58 billion on hydrocarbon exploration and production by 2023.

India is the world’s third biggest emitter of carbon dioxide in the world and this masterplan is pitched as a step towards a cleaner fuel, meeting the United Nations COP21 commitments on

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 28 2019 | 9:32 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to