Significant development in the natural gas sector
The natural gas industry in the recent past underwent a remarkable change. There has been compelling development in every aspect of the natural gas exploration, production as well as consumption.
At the 8th Asia Gas Partnership Summit, Dr Manmohan Singh also mentioned the momentous growth of the industry. he said “The natural gas sector has undergone a sea change in recent years in the global context as well. Rapid growth in the production of Shale gas in the United States has opened possibilities of similar success in other parts of the world. The technological and economic possibilities that the Shale gas revolution has opened up are likely to further change the global energy landscape in the years to come. There will be new producers, new consumers and new trading arrangements that will come into place. We too are hopeful that we will be fortunate in discovering Shale gas reserves in our country as well.”