India is the world’s second largest importer of LPG (liquefied petroleum gas) after China and remains ahead of Japan as the Modi government’s drive to provide clean cooking fuel to millions of poor families boosted household demand by nearly 8% in 2017-18.
The PM may flag the success of the Ujjwala scheme — one of his government’s flagship programmes aimed at delivering “energy justice” to the poor — to emphasise the potential of India’s energy market and need for an equitable global pricing regime when he addresses policymakers and oil industry captains at the 16th International Energy Forum ministerial here on Wednesday. The IEF is a 72-nation group accounting for 90% of global supply and demand for oil and gas.
India beat Japan in 2016 to become the world’s third-largest crude oil consumer after the US and China. Both International Energy Agency and Opec see India as the main driver of growth in global oil demand for the next decade.
Data indicates India’s imports of LPG in 2017-18 surpassing 11 million tonnes in 2016-17 on the back of Ujjwala adding volume to demand. Read More
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