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India ONGC sees peak gas output from east coast block in 2024

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NEW DELHI (Reuters) - India's top exploration company Oil and Natural Gas Corp hopes to produce 15 million cubic metres of gas a day (mmscmd) in 2024 from its block in the Krishna Godavari (KG) basin, off India's east coast, its head of finance Subhash Kumar said on Monday
India, the world's fourth biggest importer of liquefied natural gas, wants to boost local gas output as Prime Minister Narendra has set a target to raise the share of the cleaner fuel in the country's energy mix to 15% by 2030 from the current 6%.
Most of the future gas production is expected from the Krishna Godavari basin, where ONGC and Reliance Industries operate blocks. Reliance aims to produce 30 mmscmd gas by 2023 from its assets in the basin.

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