Market Report, "India Oil & Gas Report Q3 2013", Published
Production at the Reliance-operated KG-D6 gas block continued to fall throughout the end of 2012 and the beginning of 2013. The government is clearly concerned and the field partners, now including BP, are being forced to overhaul investment plans and strategy. India remains confronted by a major gas dilemma, with soaring demand pointing to increased imports, but onshore (CBM and shale) and offshore resource potential still suggests scope for dramatically higher domestic supply. In the meantime, the slow progression of...
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