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What do gas finds mean for energy economics?

The last few months have been one of the most exciting times for the development of the natural gas market in India. The petroleum minister had lengthy and fruitful discussions with his counterparts in Iran and Azerbaijan for gas supplies by pipeline; Shell commissioned their LNG terminal at Hazira; a five-million tonne per annum contract for supply of LNG from Iran was signed; after several false starts, a firm plan to revive the LNG fired Dhabol Plant in Maharashtra was agreed to and the icing on the cake has been the announcement by GSPC of a bonanza discovery in the KG Basin. Full Text

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