National   

Major gas find in Krishna-Godavari Basin

Special Correspondent

AHMEDABAD: The State-owned Gujarat State Petroleum Corporation (GSPC) has struck rich reserves of natural gas in the Krishna-Godavari basin off the Andhra Pradesh coast that will save the foreign exchange reserves by Rs. 10,000 crores annually for the next 20 years.

Announcing this here on Sunday, Gujarat Chief Minister Narendra Modi said the GSPC was allocated the 1,850 sq. km. area on the high seas for exploration only last year and in about 300 days it had discovered gas in its KG block which experts estimate was in the range of 20 Trillion Cubic Feet (TCF) worth over Rs. 2 lakh crores.

Printer friendly page  
Send this article to Friends by E-Mail

National

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

Bumpy road ahead for UPA Government
UPA has failed to adhere to CMP: Left
Change in school curricula after August: Arjun Singh
`Identify horrors of n-arms race'
Alert in Himachal Pradesh as Sutlej rises
"Manmohan, Sonia will address Left concerns"
NDC meet today to focus on higher growth
In the clear after a long wait, struggle not yet over
Major gas find in Krishna-Godavari Basin
Anil Ambani Reliance Infocomm Chairman
"Democracy in greater danger"
12 injured in blast near Guwahati
Error in map of India on website; probe ordered
Lalu rules out hike in passenger train fare
Affected people evacuated
Agenda to put India on stem cell research map
"India responding to changes in civil aviation"

Copyright © 2005, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu