(a) the details of the country`s total demand of gas at present against its availability;
(b) whether the recent gas discoveries by the consortium of Reliance Industries and Canada`s Niko in K.G. Basin will fully meet the demand of gas in the country
(c) if so, the details thereof; and
(d) if not, the other steps taken/ proposed to be taken by the Government to meet the demand of gas in the country?
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS (SHRI SANTOSH KUMAR GANGWAR)
(a)to(d) As per the Hydrocarbon Vision-2025 the demand of Natural Gas has been assessed to be 151 Million Standard Cubic Meter Per Day (MMSCMD) which will go upto 231 MMSCMD in the year 2006-07. The current supply is around 65 MMSCMD. The recent gas discoveries by the consortium of Reliance Industries Limited and Niko Resources Ltd., Canada in Krishana Godavari Offshore Basin on the East Coast is expected to produce 25-35 MMSCMD of gas as per the estimates of the consortium. Despite the additionality in gas supply there will remain a large gap between demand and supply. This may be met by import of (a) gas through pipeline and (b) Liquefied Natural Gas (LNG). To attract the investment in LNG sector LNG has been placed under Open General License (OGL) list with permission for 100% Foreign Direct Investment (FDI).