08-01-2012, 12:40 AM
The sorry state of the Indian national electrical grid once again demonstrates the market for IOC's natural gas and condensate resources will be huge for many, many years to come. The least expensive and most fuel efficient electric power generation equipment is fueled by natural gas. Little doubt where some of that gas will be coming from.
Here's a pretty good link to today's story: http://www.reuters.com/article/2012/07/31/uk-india-blackout-idUSLNE86U01G20120731