Left Menu
Development News Edition

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)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION / BLOG / INTERVIEW

All party meeting - Blocking dialogue not culture of Bengal, Mamata needs to speak up

If that happens, history will record it as the dark age of Bengal....

Videos

Latest News

Pak records sudden spike of 577 new COVID-19 cases; total 4,005

Pakistan recorded a sudden spike of 577 new coronavirus cases in the last 24 hours, taking the total number of COVID-19 patients to 4,005 on Tuesday. A senior official warned that the situation can go out of hand.According to Ministry of Na...

Winston, financee marry in ceremony for two

The coronavirus pandemic forced Jameis Winston and his longtime fiancee to postpone their wedding plans, but the former No. 1 draft pick didnt want to disappoint his No. 1. So he put together a wedding for two in their rose-strewn yard.Wins...

US Navy secretary apologises for calling fired captain 'stupid'

The Navys acting secretary has been forced to apologize after a profanity-laden broadside in which he called the fired commander of the coronavirus-stricken USS Theodore Roosevelt too naive or too stupid. Thomas Modly issued a written apol...

Another COVID-19 positive case in Assam, count rises to 28

A new COVID-19 case related to the Tablighi Jamaat congregation was reported in Assam on Tuesday, taking the number to 28, Health Minister Himanta Biswa Sarma said. The 65-year old man, who has a travel history to Saudi Arabia, tested posit...

Give Feedback