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India makes its biggest gas find

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India makes its biggest gas find

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India’s state-led oil exploration company says it has made the country’s biggest ever discovery of natural gas. The find was made off the southeast coast. It is estimated the discovery is worth around the equivalent of 40 billion euros and will go along way to meeting India’s energy needs.

Oil demand is expected to grow rapidly in the coming years in line with the strong growth of the economy. The latest find comes as India faces pressure from the US not to go ahead with a pipeline to pump gas from Iran through Pakistan.