British energy company BP said Thursday it signed off on the development of deepwater gas projects in India for a total investment of $6 billion. “These new developments will produce much needed energy for India’s thriving economy,” BP CEO Bob Dudley said in a statement . BP and India’s Reliance Industries sanctioned the development of a cluster of deepwater gas fields with an estimated 3 trillion cubic feet of discovered reserves. India consumes more than 5 billion cubic feet of natural gas per day and could double its consumption by 2022. Once production begins in 2020, the project could meet about 20 percent of India’s current demand. “This development supports the country’s imminent need of increasing domestic gas supply […]