Petroleum - Latest News Update, Information, Photos & Videos on Petroleum at Lokmat Times

Union Minister for Petroleum, Natural Gas and Steel, Dharmendra Pradhan on Wednesday said that the central government was pushing to fulfil India's energy needs and an estimated USD 60 billion dollars investment is lined up to develop the infrastructure for this purpose."We are making all efforts to move towards a gas-based economy. An estimated investment of 60 billion dollars is lined up in developing gas infrastructure, which includes pipelines, city gas distribution and LNG terminals," Pradhan said at the Enrich 2019 event.Enrich is KPMG India's annual energy conclave. Its theme this year is "Navigating Energy Transition"."India has a huge appetite for energy, and will be a driver of global energy demand in coming decades," Pradhan said in his address.He also said that the government is pushing for increased energy production with a reduced carbon footprint."Global energy system is transforming at an unprecedented pace. India, too, is in the midst of a major transformative shift in its energy sector. In India we are finding ways to achieve the twin objectives of more energy and less carbon through a healthy mix of all commercially-viable energy sources. India will chart its own course of the energy transition in a responsible manner," Pradhan said.Pradhan also said that sustainability is a key concern for his government."The centrality of energy growth in a sustainable manner is a high priority of our government. There is unprecedented advancement, on both the demand and supply sides of the equation, as the world and India seek out more benign methods to advance global growth and welfare," he said."The trajectory to end energy poverty in India, as compared to the rest of the world, would be based on special national circumstances. This is more so when the average Indian lives only on a third of the per capita consumption of energy that the United Nations believes is necessary for human well-being," he added.( With inputs from ANI )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

PetroleumFOLLOW

Petroleum, Latest News

Business :India's exports rise by 37.57 per cent to USD 9.32 billion in 1st week of 2022-23

India's exports surged to USD 9.32 billion in the first week of this month, posting year-on-year growth of 37.57 per cent, the government data showed on Friday. ...

International :Russia expresses concern over reports of alternate gas pipeline by Pakistan

Russia has expressed its concerns over reports that Pakistan is considering working out an alternate plan to construct the USD 2.5 billion Pakistan- Stream Gas Pipeline (PSGP) project from Port Qasim to Kasur, formerly known as North-South Gas Pipeli ...

National :PM Modi chairs meeting on Class 12 board exams

Prime Minister Narendra Modi chaired an important meeting regarding the prospect of Class 12 Board Examinations on Tuesday evening. ...

Business :Govt explores introduction of 'flex-fuel' vehicles in India

New Delhi, March 22 Auto companies may soon be asked to manufacture passenger and commercial vehicles that run ... ...

National :Subramanian Swamy compares India’s fuel prices with Nepal and Sri Lanka

The hike in the fuel prices in the Corona crisis has affected the pockets of the common man. Therefore, ... ...

National :An estimated investment of USD 60 billion lined up for developing gas infrastructure: Dharmendra Pradhan

Union Minister for Petroleum, Natural Gas and Steel, Dharmendra Pradhan on Wednesday said that the central government was pushing to fulfil India's energy needs and an estimated USD 60 billion dollars investment is lined up to develop the infrastruct ...