With schemes like Saubhagya and Ujjwala, the country is now entering a phase of greater energy availability, said Prime Minister Narendra Modi at the Petrotech 2019 Summit.<\/p>\n
\u201cWe are entering an era of greater energy availability,\u201d Modi said, adding, \u201cIndia has taken a lead in addressing issues of energy access. But more than a billion people across the globe still do not have access to electricity. Many more do not have access to clean cooking fuel.\u201d<\/p>\n
Modi said LPG connections have been given to over 64 million households in just under three years under the Ujjwala Scheme. The Scheme aims to provide clean cooking fuel connection to all households in India.<\/p>\n
The Prime Minister added that India\u2019s contribution to energy justice is significant. \u201cIn our success, I see hope for the world that problems of energy availability can be suitably addressed. People must have universal access to clean, affordable, sustainable and equitable supply of energy,\u201d he added.<\/p>\n
Under the electricity-for-all Saubhagya scheme, Modi said this year the aim is to achieve 100 per cent electrification of households in India.<\/p>\n
The Prime Minister added, \u201cDuring the last Petrotech Conference in December 2016, I mentioned four pillars for India\u2019s energy future. These are energy access, energy efficiency, energy sustainability and energy security. Energy justice is also a key objective for me, and a top priority for India.\u201d<\/p>\n
Modi also remains hopeful the country will attract more foreign investments. \u201cCompanies like Saudi Aramco, ADNOC, TOTAL, Exxon-Mobil, BP and Shell are looking to increase their investments across the value chain,\u201d he said in his inaugural speech. India remains an attractive market for energy companies with energy demand expected to more than double by 2040, he added.<\/p>\n
The country\u2019s refining capacity is expected to grow further with liberalisation of the downstream sector and market driven pricing for auto fuels, the Prime Minister said. \u201cIndia has the fourth largest refining capacity in the world. This will further grow by about 200 million metric tonnes by 2030,\u201d he said.<\/p>\n
Modi highlighted the need for responsible crude oil pricing. \u201cFor too long, the world has seen crude prices on a rollercoaster. We need to 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,\u201d he said.<\/p>\n
He added, energy supply, sources and consumption patterns are changing. \u201cPerhaps, this could be a historic transition. There is a shift in energy consumption from West to East,\u201d he said. He pointed out solar energy and renewable sources of energy have become more competitive and as substitutes for traditional energy forms. He added, natural gas is fast emerging as one of the largest fuels in the global energy mix.<\/p>\n","protected":false},"excerpt":{"rendered":"
With schemes like Saubhagya and Ujjwala, the country is now entering a phase of greater energy availability, said Prime Minister Narendra Modi at the Petrotech 2019 Summit. \u201cWe are entering an era of greater energy availability,\u201d Modi said, adding, \u201cIndia has taken a lead in addressing issues of energy access. But more than a billion people across the globe still do not have access to electricity. Many more do not have access to clean cooking fuel.\u201d Modi said LPG connections have been given to over 64 million households in just under three years under the Ujjwala Scheme. The Scheme aims […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-232435","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/232435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=232435"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/232435\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=232435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=232435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=232435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}