Government initiatives to increase Hydrocarbon Production
Government initiatives to increase Hydrocarbon Production
The government has been taking various steps to increase hydrocarbon production whichinter- alia include:
Various steps have been taken to reduce import of crude oil. These inter alia include demand substitution by promoting usage of natural gas as fuel/feedstock across the country towards increasing the share of natural gas in economy and moving towards gas based economy, promotion of renewable and alternate fuels like ethanol, second generation ethanol, compressed bio gas and biodiesel, refinery process improvements, promoting energy efficiency and conservation, efforts for increasing production of oil and natural gas through various policies initiatives, etc. To give a major thrust to Ethanol Blending Programme, Government of India through Oil Marketing Companies (OMCs) is establishing 2G Ethanol plants across the country.Also, for promoting the use of Compressed Bio Gas (CBG) as automotive fuel, Sustainable Alternative Towards Affordable Transportation (SATAT) initiative has been launched.
This information was given by the THE MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS SHRI SURESH GOPI, in a written reply in Rajya Sabha today.
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- Policy for Relaxations, Extensions and Clarifications under Production Sharing Contract (PSC) regime for early monetization of hydrocarbon discoveries, 2014.