dharmendra-pradhanPetroleum and Natural Gas Minister Dharmendra Pradhan on Tuesday inaugurated the 5th IEF-IGU Ministerial Forum in New Delhi. The Ministerial forum is being held as a parallel event to the 3-day Petrotech-2016.

Addressing the event, the Minister said that the theme of this meet “Gas for Growth : Improving economic prosperity and living standards” could very well be the story of the initiatives taken in India towards this end.

Pradhan said compared to international average, the share of gas in India’s primary energy basket is only at about 6.5% and we have set a target to raise the share of gas in primary energy from the current level to 15%.

The Minister said that that a shift towards a gas based economy would require adequate availability of natural gas through domestic production as well as imports, adequate investments in pipeline, LNG import terminal and City Gas Distribution infrastructure and even financial support in the form of incentives.

Pradhan enlisted the initiatives taken by the Government in this regard- allowing 100% Foreign Direct Investment in many segments of the hydrocarbon sector, successful conclusion of Open bidding under a new ‘Marginal Fields Policy’ , introduction of new Hydrocarbon Exploration Licensing Policy, giving top priority to allocation of domestically produced gas for City Gas Distribution, pooling of gas for fertilizer and power plants.

Minister of Energy and Mines, Brazil, H.E. Fernando Bezerra FILHO, Minister of Commerce, Industry and Tourism, Cyprus H.E. Mr. Yiorgos LAKKOTRYPIS, Minister of Petroleum and Gas, Nigeria H.E. Dr. Emmanuel Ibe KACHIKWU, Minister of Energy and Industry, Qatar H.E. Mr. Mohammed bin Saleh AL-SADA, Deputy Minister for Gas Affairs of Ministry of Oil, Iraq H.E. Dr. Hamed Younis SALEH, Secretary General, OPEC Mr. Mohammed Sanusi BARKINDO, Secretary General, International Energy Forum, Dr. Sun XIANSHENG, President, International Gas Union, Mr. David CARROLL and Secretary General, International Gas Union Mr. Luis Bertran RAFECAS were present on the occasion.

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Petroleum and Natural Gas Minister Dharmendra Pradhan on Tuesday inaugurated the 5th IEF-IGU Ministerial Forum in New Delhi. The Ministerial forum is being held as a parallel event to the 3-day Petrotech-2016. Addressing the event, the Minister said that the theme of this meet 'Gas for Growth : Improving economic...

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