India aims to increase the share of natural gas in its energy mix to 15% by 2030 from the current approximately 6% to mitigate its carbon footprint. Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, stated that India will have 62 LNG dispensing stations by December, an increase from the 13 currently operating.
India, the world’s fourth-largest gas importer, currently possesses eight LNG terminals with a combined capacity of 52.7 million tonnes per annum (MMTPA). By 2030, the government projects the number of terminals to be 10 with a capacity of 66.7 MMTPA. Puri described LNG as India’s “bridge to a greener, secure future” under Prime Minister Narendra Modi’s leadership.
At a brainstorming session in Goa on the challenges of the Indian Oil and Gas Sector, discussions included enhancing seismic data acquisition and processing efficiency, evaluating manpower capabilities, and the availability of advanced technology and equipment.
The status of stratigraphic well drilling, offshore drilling costs, and well location release processes were also deliberated upon, with an emphasis on learning from global energy majors.
A significant focus was placed on fostering the ‘Make in India’ initiative by developing India as a manufacturing hub for Exploration & Production (E&P) machinery and components, and exploring the potential of Indian shipyards for manufacturing LNG, LPG, and crude oil carriers, including Very Large Crude Carriers (VLCCs).
In parallel, India recently bolstered its LNG imports from the United Arab Emirates through a 10-year supply agreement between Hindustan Petroleum Corporation Limited (HPCL) and ADNOC Gas, reinforcing bilateral energy cooperation.
Source – sarkaritel.com
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