Oil & Gas sector is a key contributor to India’s economy as over one third of the energy required in the country is met by hydrocarbons. Oil and gas play a major role in influencing decision making for all the other important sections of the economy.
- Oil & Gas sector is a key contributor to India’s economy as over one third of the energy required in the country is met by hydrocarbons. Oil and gas play a major role in influencing decision making for all the other important sections of the economy.
- The Hon’ble Prime Minister Shri Narendra Modi has called for a 10% reduction in import dependence from the current level of 77% by the year 2022.
- Further, we have set an ambitious task of increasing our share of gas consumption in the energy basket from the current level of 6.5% to 15% by 2022.
- India has also made a strong commitment at COP21 to reduce its carbon emission per unit of GDP, by 33-35% from what it was in 2005, by 2030.
- In a major policy drive to give a boost to petroleum and hydrocarbon sector, the Government has recently unveiled a series of initiatives like the twin launch of Open Acreage Licensing Policy and National Data Repository. The two initiatives launched under the new Hydrocarbon Exploration and Licensing Policy, are major steps in India's journey towards achieving energy security and would reinstate the confidence of investors in India.
Team Leader
Arpan Gupta
Addl. DirectorTimeline
Investments in upstream sector to continue; policies will be made conducive to attract foreign investment: Additional Secretary (E&CVO), MoP&NG
Virtual Conference on Upstream Oil & Gas Industry in India - The Way Ahead
Evolving Landscape of "Clean Energy in India"
Digital Transformation of the Indian E&P Industry
Webinar on Future outlook on Petroleum Products Retailing: Impact of new retail guidelines on LNG retail stations
Webinar on Future of Global Oil & Gas Prices & Policies for India
FICCI Statement on Cabinet nod to Policy Reform for Exploration and Exploitation of Unconventional Hydrocarbons
Time not ripe for upgrading DGH into an independent statutory body, says Petroleum & Natural Gas Minister, Dharmendra Pradhan<br>Focus is on increasing gas production, efficiency & development of alternative fuels
FICCI Representation on Reforms required for a transition to Gas Based Economy
Marginal Field Policy: Major Policy Initiative to Incentivise the Domestic E&P Sector
India to soon auction 69 marginal oil and gas fields owned by state explorers
India Energy Session: India's Evolving LNG Business & Future Prospects
Reaction from FICCI on Oil Price Increase
Training Course on Gas/LNG and Gas Transportation Contracts - Structuring, Negotiation & Pricing
"Indian Retail Revolution - Challenges & Opportunities for Fuel Retail" : PETROTECH 2009