India's latest gas find casts further doubts on country's need for massive gas imports

01/27/2003
India's natural gas bounty just got bigger, casting further doubts on the country's need for massive gas imports via LNG or pipeline options.An Indian-Canadian combine has gauged another deepwater gas discovery on Block D6 in the Krishna-Godavari basin off eastern India. The latest find is near a giant discovery that some in India contend may obviate the need to import gas in the huge volumes projected earlier. The earlier find, also made by Reliance Industries Ltd., Mumbai, and Niko Resources Inc., Calgary, holds 7 tcf of gas in place. Even though a reserves figure has not been confirmed officially yet, it would still stand as India's largest gas accumulation.India has for so...
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