2. Commercial coal mining has always been determined by the needs of domestic consumption since its inception. Last year, India became the second largest consumer of coal in the world after China, which accounts for 11% of world coal consumption. With the fifth largest proven coal reserves in the world after the USA, Russia, Australia and China, the choice of coal as the dominant fuel in the country’s energy balance is obvious.

3. Unlike the coal industry, the first commercial discovery of oil and natural gas was made in India in 1889 in Digboi, Assam. However, the natural gas industry did not acquire value until the 1970s, when Oil and Natural Gas Cooperation Limited (ONGC) discovered large reserves in the fields of the Southern Basin. As a result, in 1984, the State Gas Authority India Limited (GAIL) was created, the purpose of which was to stimulate gas consumption and develop the infrastructure for intermediate and lower gas.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!

order now