Letter from India: Oil and gas crucial to future energy security
Krishna-Godavari Basin success underscores importance of drive towards energy independence amid an ‘all-hands’ approach
In January, Oil and Natural Gas Corporation (ONGC), a major energy player in India, announced the start of oil production from its flagship deepwater project in the Krishna-Godavari Basin. The innovative initiative, which promises to catapult ONGC's total oil and gas production by 11% and 15% respectively, reflects a constant and leading priority for India’s public and private sector: energy security and independence. During a public address at India Energy Week in February, Indian Prime Minister Narendra Modi celebrated the deepwater project as a “a remarkable step in India’s energy journey”. First oil production was similarly applauded by Hardeep Singh Puri, union minister for petroleum an

Also in this section
27 February 2025
‘Drill, baby, drill!’ may achieve increased oil and gas production, but not as a result of increased drilling
27 February 2025
Refiners in India are expected to take greater volumes of US oil in the short term at the expense of Russia
27 February 2025
The new agreement for Turkmen gas exports via Iran marks another step in Turkey’s efforts to become regional gas hub but may have limited benefits for Tehran
26 February 2025
A burgeoning middle class is boosting demand for refining capacity in Asia, with China leading the way and India also with many projects underway