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India can help ignite the push towards cleaner, accessible and affordable fuels

Updated: December 16, 2016 11:59 am

The first Ministerial session at Petrotech-2016 was presided over by Minister of State (Independent Charge), Petroleum & Natural Gas, Shri Dharmendra Pradhan and moderated by Dr.

Daniel Yergin , Vice Chairman, IHS Markit. Welcoming the participating Ministers, Shri Pradhan high-lighted the unique strengths and opportunities of the hydrocarbons sector in India. “India recently overtook Japan to become the second-largest oil consumer in Asia and the third-largest in the world. Due to the Government’s standout policies like ‘Make in India’, the world’s fastest growing economy can help develop not only world-class oil and gas infrastructure in developing countries, but also help ignite the push towards cleaner, accessible and affordable fuels,” opined  Dr. Daniel Yergin.

The Ministerial session which saw participation from Afghanistan, Bangladesh, Bhutan,    Brazil, Mauritius, Nigeria, Qatar, Sri Lanka, Nepal and Qatar, focused on how India is poised to usher in a new era of growth in the oil and gas economy of the world with its advantages  of technological advancement, favourable policies, robust economic growth and industry expertise. The ministers and representatives took turns to shed light on the oil and gas industry scenario in their respective nations, the policies that favour an investment in their countries , and how India can   play an integral role in the proliferation of successful energy  partnerships.

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