Status of the energy sector in India is highly uneven: Modi

NC Network

New Delhi:  Prime Minister Narendra Modi, on Tuesday interacted with oil and gas CEOs and experts from across the world. 

Top CEOs and officials from Rosneft, BP, Reliance, Saudi Aramco, Exxon Mobil, Royal Dutch Shell, Vedanta, Wood MacKenzie, IHS Markit, Schlumberger, Halliburton, Xcoal, ONGC, IndianOil, GAIL, Petronet LNG, Oil India, HPCL, Delonex Energy, NIPFP, International Gas Union, World Bank, and International Energy Agency were present at the meeting. 

Union Ministers  Dharmendra Pradhan, and  R.K. Singh, and senior officials from NITI Aayog, PMO, Petroleum Ministry and Finance Ministry were also present. 

The meeting was coordinated by the NITI Aayog. In their brief opening remarks, Minister for Petroleum and Natural Gas,  Dharmendra Pradhan, and  Rajiv Kumar, Vice Chairman NITI Aayog gave an overview of the work done in this sector. They also emphasized the expected growth in energy demand in India, and the significant progress made in electrification and LPG expansion. 

In a short presentation, CEO, NITI Aayog,  Amitabh Kant outlined the recent developments and challenges in the oil and gas sector in India. 

The Prime Minister thanked all participants for sharing holistic suggestions, keeping in mind India's unique potential and requirements in the oil and gas sector, instead of merely confining themselves to the concerns of their respective organisations. 

He also observed that the suggestions made today covered policy, administrative as well as regulatory issues. 

Modi also said that the status of the energy sector in India is highly uneven. He welcomed the suggestion made for a comprehensive energy policy. He stressed on the need to develop energy infrastructure and access to energy in Eastern India. He flagged the potential of biomass energy and also invited participation and joint ventures in coal gasification. He welcomed all possibilities for innovation and research in the oil and gas sector. 

He also  indicated that as India moves towards a cleaner and more fuel-efficient economy, he also wants its benefits to expand horizontally to all sections of the society, and in particular to the poorest. 

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