Currently, more than 80% of India's energy needs are met by coal, oil and solid biomass, according to the International Energy Agency.
On the demand side, the Indian government has aggressively pushed policies that favor vehicles powered by compressed natural gas (CNG), a derivative of liquified natural gas (LNG).
Meanwhile, the number of households that could receive piped natural gas is more than 300 million.
For instance, natural gas is a crucial ingredient for making fertilizers, and manufacturing it domestically helps increase food security.
Seth is also optimistic about India's growth rate for its third and fourth quarters despite slower capital expenditure in some states.
Persons:
Punit Paranjpe, Francis Mascarenhas, They're, Maruti Suzuki, GAIL, MGL, of Home Affairs Amit Shah, David Morrison, Shah, Ajay Seth, Seth, Aravind Maiya, Embassy REITs, Maiya, Landsberg Bennett, Michael Landsberg, Landsberg
Organizations:
Gas, Private, Afp, Getty, International Energy Agency, Energy, Reuters, Maruti, Institute for Energy Economics, Rystad Energy, Citi, JPMorgan, Gujarat Gas, of Home Affairs, Foreign, Department of Economic, Reserve Bank of India, CNBC, Embassy, Fortune, Wealth
Locations:
Dhamra, Bhadrak district, India's Odisha, India, Europe, Ukraine, Moscow, Russia, Iraq, Saudi Arabia, Pune, Gujarat, Canada, U.S