A LNG Import tax lift from 5.0% to 2.5% along with other changes in Government regulation propels activity in India's market place.
The Government is pushing for a Vertical integration of operations which will effectively merge up and downstream entities. Major changes to be unveiled March of 2018.
In the interim, India decided to up their strategic reserves in the two states to 73 million barrels nearly doubling its most recent procurement of 38.8 million barrels.
Asia's Energy Markets are heating up as we head into the Summer seasons. Keep an eye out for the price per barrel and the $/gal at your local gas stations.
@differentialequations12"
Reference: This Nation Just Created A New Corporate Superpower In Oil & Gas
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