April 5, 2007
Andhra Will be World Capital of Natural Gas
Hyderabad
Andhra Pradesh will become the world capital of natural gas thanks
to the Krishna Godavari (KG) basin, Union Minister for Petroleum and
Natural Gas Murli Deora said Thursday.
He said that there was so much gas in the KG basin of the state that
in two to three years there will be no shortage of gas for the
industries and power projects.
He was speaking after launching '5 percent ethanol blend petrol'
programme and laying the foundation for the CNG mega station here in
the evening.
Earlier, during his meeting with Chief Minister Y.S. Rajasekhara
Reddy, Deora said that natural gas from the KG basin will be
supplied by Reliance and other private developers from June 2008.
The chief minister wanted the petroleum ministry to ensure that no
portion of the gas produced from the KG basin be allowed to be taken
out of the state without first meeting the entire requirement of
Andhra Pradesh.
Deora announced that about 20 million domestic consumers of cooking
gas will get piped supply in three years and that LPG cylinders
would be diverted to rural areas to further increase the supply
there.
Rajasekhara Reddy and Deora flagged off the first tanker carrying
the ethanol blended petrol marking the launch of the much awaited
programme in the country aimed at bringing down the petroleum import
bill.
Expressing concern over the increase in crude prices in the
international market to $66 per barrel, Deora said that the
government was doing everything possible to ensure that the prices
of kerosene and LPG do not go up.
On Rajasekhara Reddy's demand for supplying the natural gas to
Andhra Pradesh at the minimum price possible, Deora said that it was
not possible to reduce the price any further from the present level
of $2-4.
He said that the pricing was the biggest hindrance in negotiations
on the Iran-Pakistan-India gas pipeline project. He said if Iran
charges 4 dollars 25 cents, Pakistan charge one and a half dollars
and another 50 cents are added in India, the gas price will go up to
around $7 which nobody can afford.
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