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India remains one of the fastest growing Energy Markets: Shri Pradhan 

 

Newdelhi:9/10/17:The Minister of Petroleum and Natural Gas Shri Dharmendra Pradhan, addressedthe India Energy Forum by CERAWeeK in New Delhi today.

Addressing the forum, Shri Pradhan said India will remain one of the fastest growing energy markets in the World in the coming two decades. Both on account of increasing access and better life styles, there will be growth in per capita energy consumption. India will be an influential buyer in the global energy market.Given India’s dependence on imports (80% oil and 50% gas) – India has to constantly track the global trends and learn from experts, he added.

The minister said, important aspect is the understanding of geo-politics – particularly what is happening in Syria and ISIS, what is happening in Kurdistan referendum, Saudi block’s sanction situation against Qatar, political situation in Venezuela. All these are situations that would have impact on oil prices and hence on our consumers, on our fiscal deficit and on our economy, Shri Pradhan said.

Shri Pradhan said,world is at the cross-roads of a major transition. This is with respect to the move towards Electric Vehicle (EV). There is a sense of credence about this – the only debate is probably the timing, and how things would shape up,both in terms of renewable technologies such as solar and also in terms of enabling storage.

The minister further said the Indian Govt has taken several policy measures to completely overhaul the licensing regime in upstream segment with our HELP policy. Govt has also come out with NDR to make sure all the interested investors get full access to available geological information to take informed investment decisions.

Shri Pradhan said,Indian professionals are in forefront in Information technology (IT), banking and in the field of medicine throughout the World. The same level of participation is also expected in the global oil and gas industry.

He also expressed hope that during the course of next two days much deliberation will take place on the trends in the oil markets.

 

 

The Minister of Petroleum and Natural Gas Shri Dharmendr

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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