Speaking at the Petrotech 2019 conference here in the suburbs of Delhi, he said that LPG coverage in the country had reached nearly 90 percent, up from around 55 percent in 2014.
"India will soon be connecting all homes with clean cooking fuel – the fuel used will be LPG, as well as biomass gas and other sources," he said.
The increase in coverage has been attributed to the Pradhan Mantri Ujjwala Yojana (PMUY), which provides a free connection to cooking gas (LPG) for the poor. As part of PMUY, about 6.4 million crore connections have been provided since the launch of the program on May 1, 2016, he said.
"Before March 31, 2020, we will provide LPG connections to 8 households crore under PMUY," he said.
LPG is supposed to replace traditional cooking fuels in rural kitchens such as firewood and cow dung, which not only contribute to environmental degradation, but also have serious consequences for the health of farmers. users.
Pradhan said the oil and gas sector is a key factor in the Indian economy and that it accounted for nearly 55% of its energy mix in 2017.
India is the third largest consumer of crude oil and petroleum products in the world, accounting for 4.5% of world oil consumption, behind the United States and China. ?
"We have taken several steps to reform the hydrocarbon policy framework to ensure the country's energy security while pursuing the green path to progress," he said.
Referencing reforms to revitalize the ecosystem of exploration and production, he said, a new revenue-sharing model, a uniform license for all hydrocarbons and a marketing freedom for oil and the gas were introduced.
In addition, the government has introduced various other policy reforms, including the free marketing and pricing of natural gas produced in deep and ultra-deep waters and high-pressure and high-temperature areas, coal bed methane, an incentive improved recovery to increase oil and gas production from the fields and the exploration and exploitation of unconventional hydrocarbons from all fields.
"We have put in place a state-of-the-art national data repository to enable potential investors to make informed decisions based on geo-scientific data on the country's hydrocarbon resources.
"With the introduction of the national data repository, India has joined the league of countries such as the United Kingdom and Norway, which have a national data repository for the upstream sector" , did he declare. ?
In the downstream sector too, India has been able to attract global investment, he said, adding that major players such as Saudi Aramco, ADNOC, Total and Shell were expanding their footprint on the country's energy sector and wanted to invest more in the Indian oil and gas market.
Pradhan said the world is witnessing a dramatic change in energy sources and consumption, with demand shifting from Europe to Asia.
The United States has become the world's largest oil and gas producer after the shale revolution and is questioning the traditional dynamics of oil, while solar energy is becoming a competitive energy alternative and the most sustainable.
In addition, the share of natural gas in the global energy mix is increasing.
"The convergence of cheaper renewable energy technologies, digital applications and the growing role of electricity will form the basis for achieving many of the world's sustainable development goals," he said. -he declares.