British energy major BG Group Plc and its Indian partner Oil and Natural Gas Corporation (ONGC) on March 2 announced plans to invest about USD one billion in a gas block off India's eastern coast. "Our investment over the next five years could be about one billion dollars," BG India Managing Director William Adamson, who is in the Indian capital New Delhi, told the PTI news agency. Earlier on March 2, BG and ONGC signed a production sharing contract with the Indian government for the b...

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