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Government to invest in gas infrastructure
Why is it in news?
- Government had planned a $60-billion investment for creating gas infrastructure in the country till 2024.
- Petroleum Minister has clarified it while peaking at the Assocham Foundation Day Week 2020.
Details:
- According to Petroleum Ministry, gas’s share in the energy mix is expected to rise to 15% by 2030.
- Currently, gas accounts for 6% in the country’s total energy mix.
- The planned gas infrastructure will include pipelines, LNG terminals and CGD (city gas distribution) networks.
- Coverage of CGD projects is being expanded to 232 geographical areas spread over 400 districts.
- Government is adopting clean mobility solutions with greater use of LNG (liquefied natural gas) as a transportation fuel, including long-haul trucking.
- There is also a plan to have 1,000 LNG fuel stations across the country.
- India’s first automated national-level gas trading platform was unveiled in June this year to promote and sustain an efficient and robust gas market and foster gas trading in the country.