India to boost gas share to 20 pct in energy mix by 2030

ISTANBUL-Anadolu Agency

India will increase the share of natural gas to 20 percent in its energy mix by 2030, India’s petroleum minister said on July 11 in Istanbul.      

Speaking at a ministerial session at the 22nd World Petroleum Congress in Istanbul, Petroleum Minister Shri Dharmendra Pradhan said India is supporting investments to increase the share of natural gas in its energy mix.      

“We will increase the share of natural gas in our energy mix to 20 percent. We will also raise our natural gas pipelines from 15,000 kilometers to 30,000 kilometers for this aim,” Pradhan said.     

The world’s second-most populous country will have new liquefied natural gas (LNG) liquefaction facilities to enhance natural gas supply and expand natural gas consumption via LNG-fueled buses and trains, Pradhan added.      

“Our demand for refinery products will rise 5 to 7 percent in several years. The three biggest Indian energy companies will build an oil refinery to generate 60 million metric tons of oil to meet the country’s demand,” he said.      

India ranks number four in refinery capacity after the U.S., Russia and China.