India eyes incentives for high-cost gas

The Indian government is considering incentives for development of high-cost natural gas resources.

In a budget presentation to the lower house of parliament, Union Finance Minister Shri Arun Jaitley said incentives might take the form of “calibrated market freedom.”

A statement said, “As part of our drive towards self-sufficiency, the government is considering to incentivize gas production from deep water, ultradeep water, and high pressure-high temperature areas, which are presently not exploited on account of higher cost and higher risks.”

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...