Prime Minister Narendra Modi today said that the government has planned to raise India’s refining capacities from about 250 MT to 400 MT per annum by 2025. Narendra Modi added that increasing domestic gas production has been a key government priority as it has planned to achieve ‘One Nation One Gas Grid’ and shift towards a gas-based economy. Speaking at India Energy Forum, PM Modi further said this year has been challenging for the energy sector as the demand fell by almost one third and there has been price instability. However, despite the projections of a contraction in global energy demand over the next few years as well, India has been projected to emerge as a leading energy consumer and double its energy consumption over the long term, he underlined.
