Development of India’s energy infrastructure will involve huge investments in oil & gas infrastructure of more than $100 billion, including in exploration and production of oil & gas, oil refining, pipelines, city gas distribution networks and LNG terminals.
Important sectors having an attractive investment potential include, oil & gas exploration and production, gas pipelines infrastructure for connecting national gas grid, city gas distribution networks in the newly authorised geographical areas, LNG terminals, compressed bio-gas plants, capacity addition of refineries, fertiliser plants, petrochemical parks and ancillary industries and CNG auto sector, the Union Minister for Petroleum and Natural Gas, Dharmendra Debendra Pradhan informed the Lok Sabha in a written response to an unstarred question on Monday.duction of oil & gas, oil refining, pipelines, city gas distribution networks and LNG terminals.
India is the third-largest energy as well as crude oil consumer in the world. Increasing prosperity, higher living standards and burgeoning middle class are driving energy demand. India’s share in total global primary energy demand is set to double to 11 per cent by 2040.
To meet the increased requirement of hydrocarbon fuels, the major strategies adopted include attracting investment in exploration & production (E&P) to enhance domestic oil & gas production, shifting to gas-based economy, technological upgrades to meet refinery processes, energy efficiency and productivity, accelerating bio-fuel economy, expanding overseas oil and gas portfolio, diversifying oil and gas supply sources, and driving infrastructure spending in the oil & gas sector. As per the BP Energy Outlook, 2019, report the gas consumption of India in 2040 is estimated to be 185 billion cubic meters.