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🚨 HUGE! Modi Govt has tasked ONGC to develop India’s next Strategic Petroleum Reserve 🤯 — A 1.75 million metric tonne (MMT) UNDERGROUND crude storage cavern is proposed in Karnataka. It will be built at an estimated cost of ₹15,000 crore 💥 This will expand India’s current SPR capacity...

68,249 次观看 • 2 个月前 •via X (Twitter)

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Interacted with senior officers of the Indian Foreign Service participating in the IFS Mid-Career Training Programme-III and discussed India’s energy security and energy diplomacy. As the India Growth Story resonates across the world, India is not merely a participant in the global energy landscape but is increasingly shaping it as the world’s third-largest consumer of energy and oil, third-largest refiner and fourth-largest LNG importer. India’s energy demand is expected to grow 2.5 times by 2047, accounting for around 25% of incremental global demand. Over the past decade, transformative reforms under the leadership of PM Shri Narendra Modi Ji have strengthened domestic capabilities, diversified energy sources, deepened strategic partnerships and accelerated our transition towards cleaner energy. The recently launched Samudra Manthan, with an outlay of over ₹84,000 crore up to FY 2030-31, is a major push to unlock India’s offshore hydrocarbon potential, including opening nearly 1 million sq. km of previously designated “No-Go” areas for exploration. It will strengthen domestic E&P and contribute to reducing import dependence. At the heart of India’s energy strategy is the ability to balance the trilemma of availability, affordability and sustainability despite the geopolitical disruptions. Our diplomats play a vital role in this endeavour towards securing supplies, safeguarding national interests, building resilient partnerships and creating the global conditions for India to grow with confidence. India’s energy diplomacy under PM Modi Ji is ultimately about securing the energy for our growth while shaping a more resilient and sustainable global energy future. PMO India Ministry of Petroleum and Natural Gas #MoPNG Randhir Jaiswal Indian Foreign Service Association Ministry of Information and Broadcasting PIB India India in USA India in Singapore India in Israel India in Kenya India in Russia Consulate of India in Sydney India in Vietnam India in Jamaica India in Zambia India in Angola India in Nigeria (and Benin & ECOWAS) Embassy of India in Lithuania India in Dominican Republic Indian Diplomacy

Hardeep Singh Puri

27,107 次观看 • 5 天前

Historic day in India’s quest towards energy security and energy self-sufficiency under the dynamic and firm leadership of PM Sh Narendra Modi Ji. Oilfields (Regulation and Development) Amendment Bill 2024 successfully passed in Lok Sabha today! Far-reaching amendments made in the existing legislation will further strengthen and propel India’s energy sector under the leadership of PM Modi Ji, and ensure policy stability, international arbitration, extended lease periods etc. The present global energy scenario and the hydrocarbon landscape has dramatically changed. Hence, there was a need to amend the Act to reflect current realities, national priorities, promote Ease of Doing Business (EoDB), decriminalize provisions and align India’s Exploration and Production (E&P) framework with practices of competing geographies. By virtue of the fact that we are going to rely on conventional energy for some time we need to step up our exploration and production activities. Today’s successful passage of the bill will be a constructive and positive step in this direction. Utilisation of energy is a reasonably good indicator of economic performance. Today we are consuming 5.5 Million Barrels of crude oil in a day. Just three and a half years ago this consumption was 5.0 Million Barrels. If we continue to grow at the rate at which we are, we will go upto 6.5-7.0 Million Barrels Per Day. India’s transformation to being #ViksitBharat will require a large amount of energy in all forms. Steps have been taken to enhance India’s energy exploration and production. Earlier one million sqkm area of our sedimentary basin used to be a ‘No Go’ area. As a result our import dependence was on a rise. We opened up that one million sqkm out of the 3.5 million sqkm of sedimentary basin to encourage and enhance domestic crude production. This has sent positive signals to prospective investors. 76% of total area under exploration has come under active exploration only since 2014. PMO India Ministry of Petroleum and Natural Gas #MoPNG PIB India Ministry of Information and Broadcasting

Hardeep Singh Puri

139,985 次观看 • 1 年前