Unlocking the Northeast: Natural Gas as an Economic Powerhouse

The exploration and monetization of natural gas in India's Northeast can enhance energy security, reduce imports, and boost the local economy. Rajesh K Mediratta of the Indian Gas Exchange emphasizes the region's potential to supply surplus gas to other parts of India and neighboring Bangladesh.

The northeastern region of India is poised for an economic transformation through the exploration and monetization of its abundant natural gas resources. A key figure in this development, Rajesh K Mediratta, Managing Director and CEO of the Indian Gas Exchange (IGX), discusses the potential impacts on both local and national scales.

Mediratta notes that the Northeast Gas Grid, expected to be operational by 2026, will allow existing producers to monetize substantial natural gas deposits. This step is crucial for enhancing India's energy security and reducing its dependence on imports, which currently account for half of its consumption.

Moreover, a thriving gas network could stimulate diverse industries such as ceramics and glass, alongside traditional sectors like tea estates, thereby creating job and trade opportunities while contributing significantly to the local economy. The competitive pricing will also open export avenues to countries like Bangladesh, positioning the region as a key player in the energy market.

(With inputs from agencies.)