RIL will produce 10% of India's total gas demand from KG basin by 2022: BP

BP Plc and its partner Reliance Industries will produce at least 10 per cent of India's total gas demand from the Krishna Godavari (KG) basin by 2022, said Sashi Mukundan, the company’s region president and India head.

Experts highlight that this has the potential to revive the ailing fertiliser segment in the country by competing with the re-gasified liquid natural gas (RLNG), as the difference between RLNG and domestic deepwater gas would be at least 25-30 per cent by then. "By 2022, India is expected to have an overall demand of gas to around 350 million metric standard cubic meter per