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India’s flight to gas puts it in Russia, USA pocket, costs $60 billion

India, like most other energy regimes that are heavily reliant on coal, has begun the painful, and often expensive switch towards natural gas. The likelihood is that any dollar spent on moving to gas, will have to be “re-spent” again getting to renewable energy. Time and time again we have reminded our audience that shifting to gas as an interim solution, to help get off coal, is a terrible move. This week India announced that $60 billion will have been spent on a national gas grid and import terminals, to be completed by 2024. Laughably it says this is related to a bid to cut its carbon emissions, but of course, it has become increasingly obvious that most sources of…

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