Recent Developments in Oil, Natural Gas and Energy Sector in India
Article from: OGEL 2 (2004), in Roundup of Articles
Summary
The oil and gas sector is among the most cash-rich sectors in India and is highly regulated, with prices mandated by the government. India's enormous potential for energy production (both conventional and renewable) and consumption has enhanced investment prospects in this field. Future expansion in the energy sector would depend on the emergence of appropriate capital markets. Under the New Exploration Licensing Policy (NELP), various incentives are announced which have benefited the oil and natural gas sector by reducing its dependence on imports. Under the NELP, decision-making is fast ...