On the proposal to hike diesel prices in phased manner as one of the suggestions of Kelkar committee, the ministry is yet to take a view on it, said Veerappa Moily, Minister for petroleum & Natural Gas.
WHILE ADDRESSING a conference on Oil & Gas in India organized by the industry body Assocham Moily said, that the road map is being drawn to secure energy independence by the year 2030.
“Ministry is working on a detailed road map having well defined action plan to achieve the target in a way the import dependence is reduced by 50% by 2020, 75% by 2025 and 100% by 2030 for complete energy independence by 2030,” said Veerappa Moily as per the statement issued by the Assocham.
“In addition to importing greater quantities of crude oil, the government has increased its focus on enhancing reserves and production through increased domestic exploration activity as well as securing equity oil reserves. Besides, upstream companies are emphasizing on secondary and tertiary of hydrocarbons from the fields,” stressed Moily.
“To cater to a rise in the import of LNG, India has initiated investment plans for increasing its current RLNG handling capacity of 12.5 MMTPA to 45 MMTPA by 2017. By the year2016-17, we envisage a Natural Gas Grid measuring 31,757 Kms of pipelines across the country,” added Moily.
The petroleum minister also pointed out, while coal remains the mainstay for power generation for India and fuels 70% of the power generation, the deficit in supply for coal has resulted in widening of demand supply gap which was only 59.98 million tonnes in 2008-09 has increased to 98.93 million tonnes in 2011-12. Currently this gap is being entirely met through import of high quality coal from Indonesia, Philippines and Australia.