India 3rd Largest Energy Consumer: GAIL

India 3rd Largest Energy Consumer: GAIL

The Gas Authority of India (GAIL) Limited conducted a panel discussion in the city on ‘Future of Energy in India’ as a part of Saksham 2018. An oil and gas conservation awareness drive is being conducted by the Petroleum Conservation Research Association (PCRA).

A Balasubramanian, zonal general managerr, GAIL(India) Limited, pointed out that India is the third largest energy consumer in the world after China and USA. The primary energy consumption in the country in 2016 was about 724 Million Tonnes of Oil Equivalent (MTOE), and as per IEA estimates, it is set to increase to 1440 MTOE by 2030, he said.

The share of natural gas, which is 6% of the country’s primary energy mix, is set to increase for the development of gas-based economy in the country, he said.

Balasubramanian stressed that everyone should focus on saving natural gas and fuel so that there should not be any crisis in the future.

He said that coal will continue to play a big role till 2040 and beyond as per the latest researches. Coal will provide 30% of the world’s electricity in 2040, down from about 40% in 2016 and coal-fired generations in many countries, along with India, are growing with huge demand for electricity, he added.

K Ravichandran, senior vice-president, ICRA, who spoke on disruptive changes including electric vehicles, renewables and the need for reorientation of the business, said that there is a huge scope for electric vehicles in the country by 2030 and many industries are aiming to tap the market.

Indian Oil Corporation Limited (IOCL) chief general manager DV Ramana Rao made a presentation on the Future Outlook of Energy and RS Deshpande, a representative of NFCL, gave a fertilizer perspective of the future energy requirements. Read More

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