High prices threaten India’s goal to boost the use of gas in its energy mix as some industries are looking at switching back to coal and petcoke, a top bureaucrat in the federal oil ministry said on Wednesday.
Prime Minister Narendra Modi has set a target to raise the share of natural gas in the country’s energy mix to 15 per cent by 2030 from about 6.2 per cent now to cut India’s carbon footprint.
In the long run, India want to raise the use of renewables and biofuels and had turned to the use of natural gas in the “intermediate period” despite holding vast reserves of coal, oil secretary Tarun Kapoor said at the India Energy Forum.
