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India’s ONGC sees its gas output hitting 5-yr high in fiscal 2018 – sources

India’s Oil and Natural Gas Corp expects its natural gas production to reach a five-year high in the current fiscal year following the start-up in coming weeks of a long-delayed project in the Arabian Sea, two senior company executives said.

State-owned ONGC, which accounts for about two-thirds of India’s total natural gas production, is likely to produce close to 25-billion cubic metres of gas in fiscal 2018, the executives told Reuters.