Govt plans $60-bn investment in gas infrastructure: Pradhan

Petroleum Minister Dharmendra Pradhan on Thursday said the government has planned a $60-billion investment for creating gas infrastructure in the country till 2024, and gas’ share in the energy mix is expected to rise to 15% by 2030. Currently, gas accounts for 6% in the country’s total energy mix.

Speaking at Assocham Foundation Day Week 2020, the minister said, “On the investments front, we have envisaged spend of $60 billion in creating gas infrastructure till 2024, including for pipelines, LNG terminals and CGD (city gas distribution) networks.” He further said, “We are ushering a gas-based economy by increasing the share of natural gas in India’s primary energy mix from 6.2% to 15% by year 2030.” India’s first automated national-level gas trading platform was launched in June this year to promote and sustain an efficient and robust gas market and foster gas trading in the country.