Hydrocarbon sector needs $600 bn by 2030

According to industry chamber, Assocham, India will need investments of about $600 bn across various segments of the hydrocarbon chain in the next two decades to take care of its energy requirements. These investments will increase energy supply and improve infrastructure for its distribution. The demand for coal, oil and natural gas, the major energy sources, is increasing day by day. Oil and gas consumption is growing at a compound annual growth rate of 6.5 per cent and is over 195 mn tonne of oil equivalent.Contact: Assocham. Tel: 011-4655 0555.  Fax: 011-4653 6481. E-mail: assocham@nic.in  Website: www.assocham.org