Steps Taken to Meet the Increasing Energy Demand ,for ias mains

The Minister of State (I/C) in the Ministry of Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that during the year 2013-14, the consumption of petroleum products was 158.2 MMT against a total production of 35.5 MMT from indigenous sources(figures are provisional). The Minister said that the following steps are being taken to meet the energy demand and strengthen the country’s energy security: (i) The Government, and the Exploration and Production (E&P) companies have taken several steps to enhance oil and gas production in the country, which inter-alia, includes: • Offering of exploration blocks under New Exploration Licensing Policy (NELP) - 254 exploration blocks awarded. • Implementation of improved oil recovery and enhanced oil recovery schemes by E&P companies for ageing fields. • Development of unconventional sources of hydrocarbon such as Coal Bed Methane (CBM) and Shale Gas. • Policy for geo-scientific data acquisition through public funding. (ii) Pursuing various E&P opportunities in India and abroad to have a balanced portfolio of exploratory, developing and producing oil and gas assets. (iii) Pursuing transnational oil and gas pipeline projects. (iv) Construction of strategic crude oil reserves of 5.33 million metric tonnes capacity. The Minister informed that our oil companies have E&P assets in 24 countries namely, Australia, Azerbaijan, Bangladesh, Brazil, Canada, Colombia, East Timor, Gabon, Indonesia, Iran, Iraq, Kazakhstan, Libya, Mozambique, Myanmar, Nigeria, Russia, South Sudan, Sudan, Syria, USA, Venezuela, Vietnam and Yemen. OVL is currently producing oil and gas from 13 projects in 8 countries viz., Russia, Sudan, Vietnam, Azerbaijan, Myanmar, Colombia, Venezuela and Brazil. During 2013-14, OVL’s share in production of oil and oil-equivalent gas was 8.36 MMTOE. India is actively engaged in bilateral and multilateral cooperation with foreign countries. To strengthen the country’s energy security, the Ministry of Petroleum & Natural Gas is engaged in oil diplomacy. India’s oil PSUs in particular are being encouraged to adopt a global vision in their pursuit of raw materials and raw material-producing assets abroad, and to vigorously pursue acquisition of oil and gas assets overseas.