Natural Gas Provisions in Host Government Contracts- Regulatory and Contractual Aspects in India
Article from: OGEL 1 (2015), in Natural Gas Developments: An International and Challenging Legal Framework
Introduction
In India, the domestic availability of oil and gas is limited constant production figures, absence of big find of hydrocarbons and growing economy. India import over 75% of its domestic requirements. However, natural gas production has increased from 32.202 BCM in 2005-06 to 40.679 BCM in 2012-13. But, there was a dicline in production of natural gas in 2012-13 by 14.47% over the previous year due to increasing water cut trend, less base potential of major fields affected production and due to water/sand ingress etc. During 2012-2013, LNG import in terms of quantity was 9.534 ...