Oil Minister Dharmendra Pradhan on Thursday said the country was on its way to construct more than 10,000 compressed natural gas (CNG) stations in the coming decade. He was speaking at an event held by the Society of Indian Automobile Manufacturers.
Petroleum Minister Dharmendra Pradhan will tomorrow open the second round of bidding for discovered oil and gas fields with 26 areas on offer, an official statement said. In the first round of bidding for Discovered Small Fields (DSF) last year, 134 bids were received for 34 blocks out of 46 on offer.
ETEnergyWorld reported that India’s crude oil production is expected to increase by a marginal 1 million tonne over the next 4 years through 2022, the oil ministry has said. This is despite Prime Minister Mr Narendra Modi’s call for reducing the country’s crude oil imports by 10 per cent by 2021-22.
Taiwan’s state-owned CPC Corp has proposed to invest USD 6.6 billion in petrochemical projects in Paradip in Odisha using feedstock from IOC, Oil Minister Dharmendra Pradhan said today. A Taiwanese delegation today discussed investment in the petrochemical cracker and downstream units.
India’s natural gas production is expected to double to 72 billion cubic meter (bcm) in four years through 2022, the oil ministry recently told a Parliamentary panel. The government is currently working on a plan to shift the country towards a gas-based economy.
State-run GAIL will not be split but will have to hive off its transportation business into a subsidiary to reduce the conflict of interest that arises with the same entity housing both the functions of marketing and transport of natural gas, according to people familiar with the plans of the oil ministry.
The government is likely to expand the use of LNG as fuel for transport purpose, Union Petroleum Minister Dharmendra Pradhan said in Lok Sabha and also announced that his ministry is working on a programme to convert cow dung and farm waste to energy.