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Govt mulls introducing flex-fuel vehicles in India
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India discussing long-term contract to buy gas from Arctic LNG 2
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Gas Based Economy
The Government of India seeks to increase the share of natural gas in India’s commercial energy basket from 6.3 percent in 2019 to 15 percent by 2030 to make India a ‘gas-based economy’. To reach the target of 15 percent, annual growth in consumption of natural gas has to increase from less than 5 percent in the last decade (less than 3 percent in 2019) to well over 10 percent in the next decade. India’s natural gas consumption in 2019-20 was about 175 mmscmd. To increase consumption to 600 mmscmd by 2030, the annual growth rate in consumption has to be more than 13 percent. This is not an impossible target. In the period 2008-2018, natural gas consumption in China grew by over 13 percent. Behind this double-digit growth rate for natural gas consumption in China was an annual average economic growth rate of over 8 percent, regulatory reform for transparency and flexibility along with focussed policy mandates.
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Petroleum Ministry Launches SAKSHAM Campaign To Create Awareness On Green & Clean Energy
The Ministry of Petroleum and Natural Gas launched a month-long fuel conservation campaign of the PCRA, SAKSHAM aimed at reducing fuel consumption in India
The Ministry of Petroleum and Natural Gas on Saturday launched a month-long fuel conservation campaign of the Petroleum Conservation Research Association (PCRA) named SAKSHAM 2021. The campaign aims at highlighting the adverse health and environmental impacts of increasing carbon footprints and convince consumers to switch to cleaner fuels.
As a part of the campaign, various activities such as cyclothon, farmer workshops, seminars, painting competitions, CNG vehicle driving contests, etc are held across India to spread awareness among the masses about the advantages of using clean fuels.
Petroleum Secretary Tarun Kapoor believes that a large number of products, which are used in the oil and gas sector, and are imported at present, should be manufactured in India. “We are looking at a large number of products which are currently being imported. We want them to be made in India. We have asked Engineers India Ltd (EIL) to work on vendor development. The government sector alone in the oil industry has a capital expenditure of over Rs 1 trillion a year, there is operating expenditure also and the private sector is spending too. In all around Rs 1.5 trillion to Rs 2 trillion is spent by this sector annually,” Kapoor said while addressing the Energy Startup Summit 2021 organised by Tata Motors and Repos Energy.
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