Key challenges
Slow transition to low carbon fuels: For India to continue as a leader in fighting climate change, there is a need to focus on hydrogen economy and deploy carbon negative technologies like carbon capture utilisation and storage (CCUS)
Challenges to gas-based economy: To achieve the target of increasing gas share to 15 per cent of energy mix, there is a need to democratise gas sale and purchase, create significant LNG import units, enable free access to infrastructure and make gas swap practical
Crude oil and natural gas production decline: The production is on a steady decline over the past five years due to maturing fields. All stops need to be removed to let new production come online
Low prices for domestic gas: Low gas price cycles are posing challenges to new upstream gas projects in deep-water fields
CGD sector needs improved ecosystem: CGD Geographical Area licences are allotted, although gas availability, third party access perationalisation, contractual sustenance, and financing constraints seem to bottleneck to take-off
Industry ask
- Bringing natural gas under the ambit of classical GST
- Liberalise gas pricing by allowing the buyers to purchase the gas at higher than domestically capped prices
- Accelerating ethanol and biogas sectors’ development through capacity creation
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU