India is expanding oil refining capacity to produce more fuel and petrochemicals as also investing in pipelines and terminals to increase the share of natural gas in the energy mix.
It has been a choppy week for oil prices that surged past the $70 a barrel mark after the largest-ever disruption of crude production in Saudi Arabia amid drone attacks on its key facilities.
Minister sees domestic natural gas output rising by 20% to 39.3 billion cubic metres by 2020-21.
Petroleum companies see natural gas as a cleaner alternative to coal for power generation
India is the only country where energy demand will continue to rise for more than a decade