GUWAHATI: The Indian Gas Exchange (IGX) led a discussion in Guwahati on Saturday, November 9, to explore the economic potential of Northeast India’s gas reserves.
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With leaders from major energy sectors and stakeholders in attendance, IGX underscored the region's substantial gas assets, which are anticipated to advance national energy security and reduce import costs significantly.
“India stands to benefit tremendously with the exploration of Northeast’s rich Natural Gas deposits,” Rajesh K Mediratta, Managing Director and CEO of IGX, said of the region’s transformative role. “India is currently importing about 50% of its consumption , around 100 MMSCMD to meet the total demand of 200 MMSCMD required.”
He went on to state how the installation of gas pipelines in the region will lead to the unearthing of 6 MMSCMD. “This will save approximately ₹14,000 crores apart from allowing backward linkage in the local economy with job and trade opportunities in the region,” Mediratta specified.
Currently, India imports about half of its natural gas needs. Therefore, piped natural gas from the Northeast, offered at a 40% discount to standard APM gas prices, could automatically position itself as an affordable and cleaner alternative for households.