Import
dependence in Oil & Gas will be reduced by 10%, says the Petroleum
Minister; Government taking steps to boost gas exploration and
production
The
Minister of State (Independent Charge) for Petroleum & Natural Gas
Shri Dharmendra Pradhan has expressed the confidence that the target of
10% reduction in import dependence in Oil & Gas will be achieved by
2022. Speaking at a function on Natural Gas Conclave in New Delhi
today, he said that natural gas will play a major role in achieving this
target. Shri Pradhan said that the Government has already taken a
number of policy initiatives in the sector which would unlock a large
quantity of hydrocarbons.
The Minister said that India is a growth story, its energy consumption
is increasing and without energy security, there can be no development.
He said gas is the future fuel and India is taking steps to boost
exploration and production. He said the Government is working with
Public Sector Oil Companies to bring in Start-Up Fund for oil & gas
industry which would further boost the innovative ideas in the sector.
Shri Dharmendra Pradhan said that the country is committed to reduce
the carbon footprint by 30-35% by the year 2030. In this regard, the
Government is promoting the use of clean fuel like natural gas. He said
the sector has to be developed through participation by all these
stakeholders. He called upon PNGRB to play a lead role in the expansion
of gas network in the country. The Minister said the Government is
committed to the balanced growth and for this purpose new pipelines are
being laid in the Eastern India which will boost the availability of
gas in the under-developed parts of the country.
Speaking on the occasion, Secretary, (Petroleum & Natural Gas) Shri
K.D. Tripathi said India’s economy is growing and there are ample
opportunities to be seized. He called upon all these Stakeholders to
contribute and ensure sustainable gas at a affordable rates.
***
YKB/Rk
(Release ID :138249)
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