February 2020, Vol. 247, No. 2
Projects
India Approves $774 Million for Gas Pipeline in Northeast
India approved funding of $774 million (955.6 billion rupees) for a natural gas pipeline in its northeast, Oil Minister Dharmendra Pradhan said, 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 LNG, 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, according to Reuters. The 1,029-mile (1,656-km) pipeline will cost up to $1.31 billion to build. “The government will provide 60% viability gap funding of the project cost,” Pradhan told a conference in the capital, New Delhi, adding, “It will be 5
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