{"id":261672,"date":"2019-02-28T05:21:20","date_gmt":"2019-02-28T05:21:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=261672"},"modified":"2019-02-28T05:37:29","modified_gmt":"2019-02-28T05:37:29","slug":"far-from-reducing-imports-indias-oil-and-gas-production-has-slumped","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/far-from-reducing-imports-indias-oil-and-gas-production-has-slumped\/","title":{"rendered":"Far from reducing imports, India&#8217;s oil and gas production has slumped"},"content":{"rendered":"<p>At an energy conference in New Delhi in March 2015, Prime Minister Narendra Modi had set out a road map for reducing India\u2019s crude oil imports by 10 per cent by 2022. This at a time when almost 77 per cent of the country\u2019s fuel requirements were met via imports. <\/p>\n<p>Four years later, the \u201c2022 dream\u201d appears to be a distant reality. The share of imports, in fact, increased to 81.7 per cent in 2016-17, 82.9 per cent in 2017-18 and 84.7 per cent in 2018-19, according to the latest available government data. <\/p>\n<p>This is despite the ministry of petroleum and natural gas (MoPNG) taking all possible policy measures \u2014 including steps to ramp up production, reforming the Hydrocarbon Exploration Licensing Policy, or HELP, and taking a series of de-bottlenecking measures in NELP, or New Exploration Licensing Policy, and pre-NELP regimes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At an energy conference in New Delhi in March 2015, Prime Minister Narendra Modi had set out a road map for reducing India\u2019s crude oil imports by 10 per cent by 2022. This at a time when almost 77 per cent of the country\u2019s fuel requirements were met via imports. Four years later, the \u201c2022 dream\u201d appears to be a distant reality. The share of imports, in fact, increased to 81.7 per cent in 2016-17, 82.9 per cent in 2017-18 and 84.7 per cent in 2018-19, according to the latest available government data. This is despite the ministry of petroleum [&hellip;]<\/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":[135,130,169],"tags":[],"class_list":["post-261672","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261672","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=261672"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261672\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=261672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=261672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=261672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}