India developing roadmap for self reliance in energy: Oil minister Pradhan

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Oil storage tanks stand in this aerial photograph taken above Cushing, Oklahoma, U.S., on Tuesday, March 24, 2015. The fastest oil-inventory growth on record at the main U.S. hub may be about to end, easing concern that storage limits will be strained. Photographer: Daniel Acker/Bloomberg

As part of the AtmaNirbhar Bharat push, India is developing a roadmap for Aatma Nirbhar Urja or self reliance in energy, petroleum and natural gas minister Dharmendra Pradhan said on Thursday.

Keeping China in mind, energy security is the bulwark on which the government is planning a self-reliant India push. This assumes significance given that India is a major global energy consumer – third largest importer of crude oil and the fourth largest buyer of liquefied natural gas (LNG).

Speaking at lobby group ASSOCHAM’s foundation week on Thursday, Pradhan said, “On the energy front, we are developing a clear roadmap of Aatma Nirbhar Urja for Aatma Nirbhar Bharat. We have to ensure energy justice and end energy poverty in the country. This means more energy to improve the lives of Indians with a smaller carbon foot-print.”

This push also comes in the backdrop of India’s role in creating a new energy security architecture for its neighbours, ranging from cross-border electricity trade to supplying petroleum products.

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