As India's Economy Booms, Utilities Look beyond KG Basin to LNG

摘要

In 2010, India's LNG imports dropped 9 percent relative to 2009 due to increased production from the Krishna Godavari (KG) Basin, which leaped 30 percent to 50.9 billion cubic meters (1.8 trillion cubic feet). according to BP statistics published this year. The rise may be short lived, however. The Indian Oil Corporation (IOC) warns that KG production is in decline and is aiming to import more LNG to meet rapidly rising demand (The Hindu Business Line, August 30).