National Conclave on Emerging Opportunities in Natural Gas sector held in New Delhi

Sarkaritel
By Sarkaritel January 24, 2020 05:17


Minister of Petroleum and Natural Gas Shri Dhamendra Pradhan has called upon all the stakeholders to contribute positively in transforming India into a gas based economy.  Presiding over the national conclave on emerging opportunities in the natural gas sector here today, he said that the present share of gas in the energy basket of the country is 6.2% and the target is to take it to15% by 2030.  He said that the world average is 24% while within the country, the Gujarat has 26% share of gas based energy.

Describing the natural gas as the next generation fossil fuel which is comparatively cheaper and less polluting, Shri Pradhan said that the Government has taken a number of initiatives to give thrust to gas based economy.  He said that the domestic gas production is likely to increase in the current financial year to 34.55 billion cubic metre.   Pricing and LNG marketing freedoms have been given to gas producers, LNG terminal capacity is being augmented and national gas grid is being developed.  Shri Pradhan said that this is the first time that Government of India is providing Rs.10,500 crore worth of viability gap funding for laying pipeline in Eastern and North-Eastern India.  He said gas pipeline network will be ready from Kutch to Kohima and Kashmir to Kochi.

Shri Pradhan said that 4 lakh crore rupee worth of investment is likely to be made in such projects which is a challenge as well as an opportunity.He said that the sources of import have been diversified and the Government is holding discussions with gas-exporting countries for getting more gas on favourable terms. He said that CBG is a great initiative which has the potential to generate wealth from waste, provide employment, protect the environment, and give boost to the economy.

Calling upon the States to fully cooperate and support the gas infrastructure activities and projects, he said Ministry of Petroleum and Natural Gas has prepared a draft Policy of City Gas Distribution (CGD), which may be adopted by States to facilitate such activities.

Sarkaritel
By Sarkaritel January 24, 2020 05:17