India Hosts More than $35 Billion in Oil & Gas Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--India is moving ahead with plans to make natural gas 20% of its energy mix by 2030, and it now leads the South Asian region in oil and gas projects. The move to natural gas is fueling the development of grassroot liquefied natural gas (LNG) regasification facilities, as well as pipelines to connect them with end customers.

Also, Indian major Oil and Natural Gas Corporation (ONGC) is moving ahead with major offshore oil and gas redevelopments and life-extension projects at its ageing offshore assets.

Industrial Info is tracking more than 600 active projects in India's Oil & Gas Industry, including grassroot, revamp, storage and equipment addition projects, totaling more than $35 billion in value. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for a list.

Click on the image at right for a heat map detailing active projects in India's Oil & Gas Industry, from Industrial Info's Geolocator tool.

Out of the $35 billion total, $8.9 billion worth of projects are expected to receive authorization for expenditure (AFE) within the next six months. More than $8 billion worth of investments in the region have been delayed due to the COVID-19 pandemic, including the Cluster 7 field development, Mumbai High PRP-7 and the Kandla Gorakhpur LPG Pipeline.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.