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The Prime Minister, Shri Narendra Modi at the inauguration of the PETROTECH-2019, the 13th International Oil & Gas Conference & Exhibition, organised under the aegis of the Ministry of Petroleum & Natural Gas, at Greater Noida, Uttar Pradesh on February 11, 2019. The Minister of State of UAE & CEO Abu Dhabi National Oil Company (ADNOC) Group, Dr. Sultan Ahmed Al Jaber, the Union Minister for Petroleum & Natural Gas and Skill Development & Entrepreneurship, Shri Dharmendra Pradhan, the Chief Minister of Uttar Pradesh, Yogi Adityanath and other dignitaries are also seen.

PM inaugurates PETROTECH -2019; Says energy is a key driver of socio-economic growth

Greater Noida:11/2/19:The 13th edition of  PETROTECH – 2019, India’s flagship hydrocarbon Conference was inaugurated by the Prime Minister Narendra modi at India Expo Centre, Greater Noida in  Uttar Pradesh today.

In his inaugural address PM underlined the importance of energy as a key driver of socio-economic growth. “Suitably priced, stable and sustainable energy supply, is essential for rapid growth of the economy. It also helps the poor and deprived sections of society, to partake of economic benefits,” he added.

Stating that the there is a shift in energy consumption from West to East, PM said that United States has become the world’s largest oil and gas producer after the shale revolution. However there are signs of convergence, between cheaper renewable energy, technologies, and digital applications which may expedite the achievement of many sustainable development goals..

PM told that it is the need of the hour “ …move to responsible pricing, which balances the interests of both the producer and consumer. We also need to move towards transparent and flexible markets for both oil and gas. Only then can we serve the energy needs of humanity in an optimal manner.”

Reminding the global community to join hands in tackling the challenge of climate change, he said targets we set for ourselves at COP-21 in Paris can be achieved. In this context, he mentioned that  India has made rapid strides in meeting its commitments..

PM  congratulated His Excellency Dr. Sultan Al Jaber for his contribution to the energy sector and vision for the future.  He said that Industry 4.0 will change the way industry operates, with new technology and processes. Our companies are adopting latest technologies to improve efficiency, increase safety and reduce costs, he added.

PM recalled the last PETROTECH Conference in December 2016, where he mentioned about four pillars for India’s energy future – energy access, energy efficiency, energy sustainability and energy security. Energy justice is also a key objective and now  a top priority for India. He said, “Towards this end, we have developed and implemented many policies. The results of these efforts are now evident. Electricity has reached all our rural areas”, he added. PM  emphasized that energy justice can be done only when people believe in their collective power.

Declaring that a ‘Blue Flame Revolution’ is under-way. LPG coverage has reached more than 90% percent, from 55% five years ago. “, PM said last five years have seen major reforms in India’s oil and gas sector. “ India today has the fourth largest refining capacity in the world. This will further grow by about 200 million metric tons by 2030.”, he added.

Leading lights from the oil and gas sector are attending PETROTECH 2019. Over the last quarter century, PETROTECH has served as a platform to discuss solutions to challenges faced in the energy sector.. PETROTECH provides the perfect setting to ponder over the future of the energy sector and provides the platform to reflect upon how global shifts, transitions, policies and new technologies will influence market stability and future investments in the sector.

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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