Reliance Industries Ltd., plans to invest up to 560 billion rupees in oil exploration and production and in laying transport pipelines. Of this amount, the company would spend about 120 billion rupees in laying 1,400 km of pipelines over two to three years. India''s gas consumption may rise to 400 million cubic metres a day by 2025 from 170 million cubic metres now, if the economy grows at a projected rate of 8 percent a year.
Reliance, which discovered India''s largest gas field in 2002, in July made a new discovery in a deepwater block in the Cauvery basin, off India''s east coast. The company has said it is spending about $5.2 billion to develop and $3.5 billion to maintain production from deep-sea gas fields off the east coast.
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