Dharmendra Pradhan addresses India Gas Infrastructure Conference 2019

Speaking about reforms in the energy sector, Shri Pradhan said, “In the last 5 years, various reforms have been introduced to promote the growth of the gas sector in India, including, pricing & marketing freedom, diversification of fuel sourcing, etc.”

Devdiscourse News Desk | New Delhi | Updated: 05-12-2019 16:13 IST | Created: 05-12-2019 16:13 IST
Dharmendra Pradhan addresses India Gas Infrastructure Conference 2019
He also said the government is taking stapes to develop infrastructure for pipelines, city gas distribution and LNG terminals. Image Credit: Twitter(@PIB_India)

Union Minister for Petroleum and Natural Gas and Steel Shri Dharmendra Pradhan today participated in the India Gas Infrastructure Conference 2019 organised by FICCI, here. The theme of the event was 'Indian Gas Sector- Ushering in an era of growth'.

Speaking on the occasion, Shri Pradhan said, "25-30 years ago crude oil was the only priority of our exploration activities, but today the dynamics have changed. Gas has now become an important and essential part of our energy basket and is driving our energy transition." He also said the government is taking stapes to develop infrastructure for pipelines, city gas distribution and LNG terminals.

Talking about India's transition towards a gas-based economy, Minister Pradhan said, "We are moving towards a gas-based economy. The domestic production of gas in India is set to grow. We are investing $60 billion in gas-based infrastructure. The speed and scale at which the City Gas Distribution ecosystem in the country has grown in recent times are remarkable."

Speaking about reforms in the energy sector, Shri Pradhan said, "In the last 5 years, various reforms have been introduced to promote the growth of the gas sector in India, including, pricing & marketing freedom, diversification of fuel sourcing, etc."

Speaking about the market scenario, Shri Pradhan said, "Shift has happened in the market and focus has shifted from producer to consumer. We are working with the industry closely to create value for consumers. We must intensify our efforts to reach out to our people in the industrial clusters and give them comparative analysis of the benefits of gas over conventional fuel, this will further improve people's awareness about gas and promote usage of gas, especially by our industries."

Speaking about Bioenergy, Minister Pradhan said, "Just like Natural Gas, Bioenergy also possesses huge potential, especially in addressing the rising environmental concerns and providing a solution to the menace of air pollution. Bioenergy will contribute significantly to the nation's ambitious target of producing 450 GW of renewables." Shri B.C. Tripathi, former CMD, Gail (India) Ltd. & Chairman, FICCI Hydrocarbons Committee and Shri Prashant Modi, MD & CEO, GEECL & Co-Chairman, FICCI Hydrocarbons Committee also addressed the gathering.

(With Inputs from PIB)


TRENDING

OPINION / BLOG / INTERVIEW

Tracking Fintech during COVID-19: Harnessing power of technology

Its abundantly clear now that as fintech cements its place in the financial sector, accelerated further by the COVID-19 pandemic, it could open the sector to new possibilities by harnessing the power of technology to deliver financial ...

Tectonic turns: How technology shaped healthcare over the decades

Tracing an episodic evolution, with technology at the interface of human and his health....

World Water Day sees crises of inequality in countries both rich and poor

... ...

Privacy and data protection: Reviewing notable policy frameworks

The evolved privacy principles and the resulting legislation across the world primarily aim to force the data collector to define the purpose for which the data is being collected along with the need to obtain explicit consent for the said ...

Videos

Latest News

Germany's confirmed coronavirus cases rise by 17,855 - RKI

The number of confirmed coronavirus cases in Germany increased by 17,855 to 2,998,268, data from the Robert Koch Institute RKI for infectious diseases showed on Sunday.The reported death toll rose by 104 to 78,353. ...

Electric vehicle battery firms settle trade spat

Two big South Korean electric vehicle battery makers have settled a long-running trade dispute that will allow one of them to move ahead with plans to make batteries in Georgia, a person briefed on the matter says.LG Energy Solution and SK ...

PM Modi pays tributes to social reformer Jyotirao Phule

Prime Minister Narendra Modi on Sunday paid tributes to noted social reformer Jyotirao Phule on his birth anniversary, and said his commitment to reforming the society will continue to inspire future generations. In a tweet, Modi also haile...

US-Philippines officials discuss concerns over China's ships

Defence Secretary Lloyd Austin on Saturday discussed with his Philippine counterpart Chinas recent positioning of militia vessels near the Philippines in the South China Sea.Austin spoke by phone with Philippine Secretary of National Defenc...

Give Feedback