Introduction to this special section: India

Autor:	Soman Chacko, Satchidananda Rath, Pranab Sen, Subrata Kumar Das
Rok vydání:	2019
Předmět:	Domestic production Consumption (economics) Geophysics Petroleum product Energy demand business.industry Special section Geology Business China Crude oil Agricultural economics
Zdroj:	The Leading Edge. 38:252-253
ISSN:	1938-3789 1070-485X
DOI:	10.1190/tle38040252.1
Popis:	India is currently the third-largest global consumer of petroleum products after the United States and China. The country produces approximately 720,000 barrels of crude oil and 3.16 billion ft3 of gas per day and imports more than 80% of its oil and 50% of its gas needs. This large discrepancy between domestic supply and consumption has been rising rapidly of late. With an economy growing at 6%–8% per year, India's energy demand growth over the next couple of decades is forecast to be among the highest in the world. To mitigate the heavy dependence on imported energy, India has stepped up efforts in recent years to increase domestic production of oil and gas.
Databáze:	OpenAIRE
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