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Development Of Pipeline Infrastructure Is Critical To Achieve The Ambitious Goal Of Energy Security For 1.3 Bn People Of The Country – ASSOCHAM
India is not just transiting in energy state, but also leading in that segment. We are supplying city gas through pipeline in 71 districts and are the largest renewable player in this segment,’’
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Oil and gas sectors are very significant for any economy. Economic growth and consumption of energy are directly proportional. While the consumption of oil and gas is increased there is a requirement to keep a check on the carbon emissions.
While there is a transition and shift towards green fuel, we would want India to become sustainable for its energy needs. There is a need to revamp the energy sector and reforms would translate into increased FDI flow in the country,’’ says Union Minister for Oil and Natural Gas and Steel Dharmendra Pradhan.
The minister also added that they are working towards the `one nation one gas grid’ plan.
Highlighting the need to invest in energy infrastructure, the minister released a report on ``Strengthening Energy Security, developing pipeline infrastructure in India.’’ The report prepared by ASSOCHAM in collaboration with Primus Partners discusses the gaps and challenges in transportation of Oil and Gas and proposes a dedicated Pipeline infrastructure development agency for the sector, which will have the mandate to design and implement long-term vision for Oil and Gas pipeline infrastructure.
The government has planned an investment of $66 billion in gas infrastructure. This investment will be done across the supply chain, including development of LNG regasification terminals, construction of pipelines and enhancing the network of city gas distribution.
Pipeline infrastructure is evolving across the world. The biggest challenge is that infrastructure development is fragmented. This needs to be unified under one agency and this will help improve growth and development of infrastructure,’’ said Vipul Mathur, MD, and CEO Welspun Corp Ltd.
Meanwhile, the transition is being made to switch from biofuels to cleans fuels and renewable energy in India as it is environment friendly and in accordance with the Paris Agreement on Climate Change.
Energy is the pivot of growth. There has been 50 per cent growth of energy consumption in India in the past decade. For further growth and big gas energy in this sector there are three things that need to be addressed. The first being better energy access, the second is energy security and third is sustainability and energy transition,’’ said Sumant Sinha, Founder, Chairman and Managing Director of ReNew Power.
The development of pipeline infrastructure for oil and gas sector is driven by demand at present. There is a strong need to come up with long-term energy blueprint with defined milestones and timelines, which should serve as a guiding document for the industries for meeting energy requirement,’’ said Nilaya Varma, Co-Founder and CEO, Primus Partners.
India is not just transiting in energy state, but also leading in that segment. We are supplying city gas through pipeline in 71 districts and are the largest renewable player in this segment,’’ said Suresh P Manglani, CEO Adani Gas Ltd.