Abu Dhabi, Nov 15, : India will have “massive extra” areas for oil exploration and production in 2025, according to Hardeep Singh Puri, Union minister of Petroleum and Natural Gas and Housing and Urban Affairs, during an event here. “As far as the government of India is concerned, we are going to step on the accelerator in terms of exploration and production in a very big way,” Puri said after opening the India pavilion at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) on Monday.
Puri stated, “As far the government of India concerns, we are going on the accelerator in terms exploration and production in an extremely big way,” after opening the India pavilion to the Abu Dhabi International Petroleum Exhibition and Conference.(ADIPEC) was held on Monday.
India will double its oil and gas exploration acreage in the northeast part of the country.India will increase its oil and gas exploration in the northeastern part of the country by doubling.
“In the northeast, we will increase the area under E and P (exploration and production) from 30,000 square km to 60,000 square km,” he said.He stated that the Northeast will see an increase in the area of E and Production (exploration, production) from 30,000 to 60,000 km.
The minister said that India aims to expand its gas pipeline network to 34,000 km.Minister said India wants to increase its gas pipeline network by 34,000 km.
“This means $60 billion investment in gas pipeline infrastructure alone, increasing the refining capacity from 250 million metric tonnes to 400 million metric tonnes per annum by 2030 and gas mix from 6 per cent to 15 per cent,” he said.He stated that $60 billion will be invested in pipeline infrastructure, increasing refining capacity by 250 million metric tons to 400 million tonnes per annum by 2030, and increasing gas mix from 6 to 15%.
The ADIPEC returns as a face-to-face and in-person event presenting the global energy industry with its first opportunity to discuss the impact of the key decisions of the 26th UN Climate Change Conference of the Parties (COP26), and define the energy agenda for the next three decades.ADIPEC is back as a face to face and in-person event that presents the global energy industry with its first chance to discuss the impacts of the key decisions of the 26th UN Climate Change Conference of the Parties.
The minister said that at the COP26, Prime Minister Narendra Modi committed to hit net-zero carbon emissions by 2070.Minister said that Prime Minister Narendra Modi, at the COP26 had committed to net-zero carbon emission by 2070.
“At the Glasgow COP26 Summit, the Prime Minister made some very bold announcements and committed us to net zero by 2070,” he said.He stated that the Prime Minister had made bold statements at the Glasgow COP26 Summit and promised to net zero by 2070.
At the ADIPEC, Puri will be engaging in bilateral meetings with his counterparts.Puri will participate in bilateral meetings at the ADIPEC with his counterparts.
“The last year hasn’t been easy as the Covid-19 pandemic subjected us to confront challenges, which were not experienced for a long time.”The past year was not easy.The Covid-19 pandemic forced us to face challenges that we hadn’t faced in a long time.This is one of the major global events.This is a major global event.I am delighted to be here,” he said.He said, “I am thrilled to be here.”
Hosted by the Abu Dhabi National Oil Company (ADNOC), ADIPEC welcomes more than 30 government ministers from around the world, which is a record number for the largest and most influential global energy forum.ADIPEC is hosted by the Abu Dhabi National Oil Company.It welcomes more 30 ministers from all over the world to the forum, which is an unprecedented number for the most important and influential global energy forum.
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