Indian natural gas is relativelyyoung gas with gas accountingly for only 9%-10% of india''''s commercial energy, as against the global average of 24%-25%. the industry remained mostly is the government hands until the mid-late nineties(with ONGC and OIL controlling the E&P segment,and GAIL controlling the downstream cross-country pipeline infrastructure).The real impetus was provided over the last one decade or so,with the following events:
Entry of private sector into E&P through the NELP (New Exporation Licensing Policy)Since then, the sedimentary basins of india have seen some notable discoveries. The KG basin is believed to be the most prolific, with the D-6 Block of RIL already under production,and more Discoveries by RIL, GSPL and ONGC.