FACTS: India's long-term gas supply outlook is bright

12/08/2003
India has a bright long-term natural gas supply outlook, but the medium-term outlook is murky, said Fereidun Fesharaki, a senior fellow at the Honolulu-based East-West Center and president and founder of FACTS Inc.The long-term outlook is supported by a series of significant discoveries during the last 2 years, including the world's largest hydrocarbon discovery for the year in 2002 (OGJ, June 9, 2003, p. 42).A discovery by Reliance Industries Ltd., Mumbai, established major gas reserves on a corner of RIL's first deepwater block to be explored in the Krishna Godavari (KG) basin off India's east coast (OGJ Online, Nov. 7, 2002). RIL holds 90% of that discovery while Niko Resou...
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