Article from: OGEL 5 (2004), in Roundup of Articles
p>Union Minister of Petroleum and Natural Gas. Mani Shankar Aiyar, launched the fifth round of New Exploration Licensing Policy (NELP - V) on January 4, 2005. Implementation of NELP has given impetus to exploration efforts in the country with increasing areas including deepwater coming under exploration and the coverage has almost trebled. The gas reserves of the country in the last 3 years have increased by about 50 per cent. Vision 2025, the Government of India's policy on energy, predicts gas demand will grow at 7 per cent annually.