India's Vision for Petroleum and Natural Gas Sector Growth
Key Ideas
- Shri Hardeep Singh Puri emphasizes India's success in energy availability, affordability, and sustainability under Prime Minister Modi's leadership, with reduced fuel prices.
- Government aims to achieve 20% ethanol blending target by 2025, showing progress with a recent increase to over 15% in May.
- Integration of green hydrogen in refining process with plans to install plants in Panipat, Mathura, and Paradeep, and commissioning of the first green hydrogen plant.
- Upcoming projects include BPCL setting up greenfield refineries and GAIL planning an ethane cracker unit for petrochemicals, showcasing sector growth.
Shri Hardeep Singh Puri has taken charge as the Minister of Petroleum and Natural Gas in India, highlighting the country's achievements in energy management under Prime Minister Narendra Modi's leadership. He discussed the increase in LPG connections from 14 crores to 32 crores, emphasizing the success of the Ujjwala scheme. The Minister mentioned the upcoming oil and gas production from the 98/2 well and plans for international technology partnerships in the western offshore. A key focus was the government's commitment to achieve a 20% ethanol blending target by 2025, with progress already seen in May. Shri Puri also emphasized the integration of green hydrogen in the refining process, with plans for plants in Panipat, Mathura, and Paradeep, and the recent commissioning of the first green hydrogen plant. Additionally, he discussed upcoming projects in the refining sector, such as BPCL's greenfield refineries and GAIL's ethane cracker unit for petrochemicals, indicating growth in the sector.