Sunday, Jan 19 2020 | Time 01:06 Hrs(IST)
image
  • Saudi Arabia, Australia enter semis at AFC U23 Champs
  • Iran FM rules out negotiation over new nuke deal
  • Putin Says Better Not to Get Back to Indefinite Terms for Heads of State in Russia
Business Economy


Pradhan calls for focus on Bio Energy to mitigate air pollution

New Delhi, Dec 5 (UNI) Union Minister for Petroleum and Natural Gas Dharmendra Pradhan participated in the India Gas Infrastructure Conference 2019 organised by FICCI here on Thursday and just like natural gas, Bio energy also possesses huge potential, especially in addressing the rising environmental concerns and providing a solution to the menace of air pollution.
Theme of the event was ‘Indian Gas Sector- Ushering in an era of growth’.
Speaking on the occasion, Mr Pradhan said, “25-30 years ago crude oil was the only priority of our exploration activities, but today the dynamics have changed. Gas has now become an important and essential part of our energy basket and is driving our energy transition.”
Talking about India’s transition towards gas based economy, Mr Pradhan said, “We are moving towards a gas based economy. Domestic production of gas in India is set to grow. We are investing $60 billion in gas based infrastructure. The speed and scale at which City Gas Distribution ecosystem in the country has grown in recent times is remarkable.”
Speaking about reforms in energy sector, Mr Pradhan said, “In the last 5 years, various reforms have been introduced to promote the growth of the gas sector in India, including, pricing & marketing freedom, diversification of fuel sourcing, etc.”
He also said government is taking steps to develop infrastructure for pipe lines, city gas distribution and LNG terminals.
Speaking about market scenario, Mr Pradhan said, “Shift has happened in the market and focus has shifted from producer to consumer. We are working with the industry closely to create value for consumers.
"We must intensify our efforts to reach out to our people in the industrial clusters and give them a comparative analysis of the benefits of gas over conventional fuel, this will further improve people's awareness about gas and promote usage of gas, especially by our industries,” he added.
Mr Pradhan also added that Bio energy will contribute significantly to the nation’s ambitious target of producing 450 GW of renewables.
BC Tripathi, former CMD, Gail (India) Ltd. & Chairman, FICCI Hydrocarbons Committee and Prashant Modi, MD & CEO, GEECL & Co-Chairman, FICCI Hydrocarbons Committee also addressed the gathering.
UNI DJK SHK2001
More News
Ravi Shankar Prasad urges NIC to contribute one trillion USD to economy

Ravi Shankar Prasad urges NIC to contribute one trillion USD to economy

18 Jan 2020 | 7:41 PM

Bengaluru, Jan 18 (UNI) Union Minister for Law and Justice, Communications and Electronics and Information, Ravi Shankar Prasad on Saturday exhorted the National Informatics Center (NIC) officials to work hard to ensure at least one trillion US dollar contribution to the nation’s economy in the next five years through its digital technology support.

see more..

Bengaluru has potential to become Civil Aviation capital of India: Kharola

18 Jan 2020 | 6:47 PM

Bengaluru, Jan 18 (UNI) Union Ministry of Civil Aviation Secretary Pradeep Singh Kharola on Saturday said that the Bengaluru could become the Civil Aviation Capital of India as it has all the potentiality.

see more..

Entrepreneur Kiran Mazumdar-Shaw conferred with Australia's highest civilian award

18 Jan 2020 | 3:57 PM

New Delhi, Jan 18 (UNI) Eminent billionaire entrepreneur Kiran Mazumdar-Shaw has been conferred with the Australia's highest civilian award Honorary Member within the Order of Australia in the General Division by Australia’s High Commissioner to India Harinder Sidhu.

see more..

Chennai Oil Market Rates

18 Jan 2020 | 3:55 PM

Chennai, Jan 18 (UNI) Following are the rates in the
Chennai Oil Market here today.

see more..

Bullion Market Closing Rates

18 Jan 2020 | 3:43 PM

Chennai, Jan 18 (UNI) Following is the bullion markets
closing rate here today.

see more..
image