Transforming Energy
India wants to set up a gas exchange to promote alternative energy and fast track oil import reduction
Cutting down oil imports to around 67 per cent in the next five years, India plans to develop its own gas exchange to push consumption of alternative fuel be it indigenous or imported on the lines of America's Henry Hub or the United Kingdom's Balancing Point. To make up for the cuts in oil imports, the nation will have to make a concerted effort to transit to electricity and natural gas usage in all sectors.
Prime Minister Narendra Modi met heads of
