AHMEDABAD, – An Indian state-run energy company has made the country’s biggest gas discovery, an offshore bubble big enough to double the country’s gas production, a state government minister said Sunday.
The find made early this month by the Gujarat State Petroleum Corporation (GSPC) was estimated at 20 trillion cubic feet and to be worth about 50 billion dollars, said Gujarat’s chief minister, Narendra Modi.
The discovery was made below the seafloor off India’s southeastern coast, in the Krishna Godavari basin off the Kakinada coast of Andhra Pradesh state, he said, speaking in Ahmedabad, Gujarat.
The find «promises to double the gas production of the country and also have an impact internationally,» Modi said.
The discovery comes as India is looking to sign a 4.5 billion dollar deal with Iran for an overland gas pipeline project that has been strongly opposed by the United States because of its concerns about Tehran’s nuclear programme.(afp)