BP expects up to a tenth of its total earnings to come from India over the next ten years, but not from oil: the company will focus on natural gas, marketing, and renewable energy in one of the world’s top fossil fuel consumers. Reuters quoted BP’s regional president in India, Sashi Mukundan, as saying “My aspiration is that since we (India) are material for BP, that might see 5-10 percent of BP’s earnings coming from India.” Currently, the bulk of BP India’s earnings comes from a US$3-billion lubricants subsidiary, Castrol India Ltd., but this is set to change as the UK-based supermajor expands its natural gas operations on the subcontinent through its joint venture with local industrial heavyweight Reliance Industries. Back in 2011, Reuters recalls, BP bought a 30-percent stake in Reliance’s exploration and production operations, and by 2022 the two partners will have three producing deepwater natural gas […]