ONGC eyes Daman gas high

摘要

India's state-owned Oil and Natural Gas Corp (ONGC) expects its natural gas production to reach a five-year high during this financial year following the imminent start-up of the delayed Daman project in the Arabian Sea, according to reports. ONGC, which accounts for around 66 of India's total natural gas output, is expected to produce nearly 25 Bcm (882.5 Bcf) of gas in financial year 2018, company executives told Reuters. The forecast compares with 23.5 Bcm (829.6 Bcf) in the fiscal year to end of March 2017, one of the executives said, which would give growth of around 6.