BP India expects to quadruple its production by 2020 if it gets right support and approvals from the government.
Reliance Industries and partner BP Plc have warned of their KG-D6 gas field shutting down in 2015-16 if the government does not approve investments needed to keep the nation's largest gas fields alive.
Government's approval for the USD 7.2 billion Reliance Industries and British Petroleum deal has been long-standing. However, the latter now seems confident of getting the nod soon.
During President Barrack Obama's India visit in November 2010, India signed a MoU with the US for shale gas development. So while American companies may share technology and help in determining reserves, CNBC-TV18's Nayantara Rai reports India's shale gas dreams could be rudely awakened by the persistent problem of land acquisition.