OIL & GAS

Govt trying to boost domestic availability of natural gas: Petroleum Secy Tarun Kapoor

The government is trying to boost the domestic availability of natural gas by ramping up production from existing fiels and at the same time speeding up work on new discoveries, Tarun Kapoor, Secretary, Ministry of Petroleum and Natural Gas (MoPNG) said.

Speaking at the ETEnergyworld Annual Gas Conclave, Kapoor said the government has set a target to ensure primary energy percentage for natural gas goes up from the current level of 6.7 per cent to 15 per cent by 2030.

“This would still be lower than the world average of 24 per cent but it would involve huge capacity addition, policy changes and the consumption of natural gas will go up substantially in absolute terms,” he said, adding the country’s total annual gas consumption stands at 60,000 million cubic meters (mcm) and more than 50 per cent of that is imported.

He said the country wants to become self-sufficient when it comes to availability of natural gas and that requires more exploration and increase in production. As there have been major discoveries in K G Basin in the recent years the domestic production has gone up substantially.

The Conclave is a unique initiative launched by ETEnergyworld jointly with GE, Locusview, GAIL (India), Pipeline Infrastructure (PIL) and Shell. The two day event opened with a Curtain Raiser on Tuesday, setting the stage for two days of extensive deliberations with the industry stakeholders including the top leaders from the public and the private sector beginning Thursday.

Kapoor was among the key voices from the government who spoke at the event. “The total increase in domestic production exected next year is around 30 mmscmd.

Source
ET Energy World
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