A wrong turn on energy

The Indian government’s decision to double natural gas prices from April 2014 ostensibly to incentivise domestic gas production may render nuclear power less uncompetitive, an outcome that is largely unappreciated, but perhaps not unintended. The steep hike in domestic gas price is bound to freeze, if not drive down the share of natural gas in India’s already skewed energy basket with its attendant implications for energy security.

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