A panel led by the Niti Aayog vice chairman has also suggested free-market pricing for natural gas produced from all fields to boost domestic output
The shift from scarcity to abundance has been brought about in an astonishingly short time by America's "fracking" revolution, leading to massive benefits for consuming countries
The current version of the deal by the so-called Opec+ coalition calls for production cuts of 1.2 million barrels a day
New rules will be largely applicable on 19 basins and on future licensing rounds, says Dharmendra Pradhan.