India is one of the largest primary energy consuming countries in the world. At present, its primary energy basket is dominated by coal and oil. However, the government envisions increasing the share of gas in its primary energy mix from 6.2 per cent to 15 per cent by 2030. To that end, the consumption of gas in India is expected to increase about 2.5 times. However, there are several factors hampering the growth of the gas sector such as low pipeline utilisation, less domestic production, low returns to pipeline network developers, additive tariff mechanism across transmission systems and other regulatory challenges. In a bid to resolve these issues and to attract greater investment in the sector, the government has taken several key measures in the past few months such as issue of draft regulations to ease liquified natural gas distribution.
In this video, Tarun Kapoor, Secretary, Ministry of Petroleum and Natural Gas, spoke about government’s plans to give a boost to the gas sector and provide regulatory relief to the stakeholders.