BP Says India Must End Gas-Price Controls to Attract Investment
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India needs to move toward ending controls on natural gas prices to encourage investments in offshore energy exploration, BP Plc Chief Executive Officer Robert Dudley said.
“In general, deepwater requires a lot of capital, it’s a lot of risk,” Dudley told reporters in New Delhi today. “You obviously need to develop mechanisms that’ll create the rewards for all that risk. Over time, free-market systems are what any economy needs to be able to ensure efficient development.”