India approves funding of $774 million for northeastern gas pipeline

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NEW DELHI (Reuters) – India has approved funding of 55.6 billion rupees ($774 million) for a natural gas pipeline in its northeast, Oil Minister Dharmendra Pradhan said on Wednesday, as part of a national gas grid being built to span remote locations.

India aims to spend up to $60 billion by 2024 to set up the grid and several terminals for liquefied natural gas, as it scrambles to meet Prime Minister Narendra Modi’s 2030 target of a 15% share for natural gas in the energy mix, up from 6.5% now...read more

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