Current energy deficit scenario. Currently, India is one of the world's fastest-
growing economies. During the period between 2006 and. 2010, the country's
gross ...
India’s energy security Key issues impacting the Indian oil and gas sector
Foreword 2
India’s real economic growth averaged around 8 per cent in the past decade, leading to 6.5 per cent growth in the demand for energy. Given the projected economic growth levels, energy demand is expected to continue to rise; rising energy needs, in turn, have drawn attention to the importance of energy security. Energy security is ensured by guaranteeing three factors – availability, accessibility and affordability of energy resources.
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Coal, oil and natural gas are the most important sources of primary energy in India. Inadequate domestic supplies of these hydrocarbons are forcing the country to increase its import bill. While the country remains highly dependent on oil imports, it is saddening to note that supply of natural gas, which was expected to alleviate our energy security from the new domestic driven by accelerated capacity addition in power generation and decline in domestic coal production, India’s imports of coal have risen. is rising; consequently, India faces a challenge in its efforts to ensure energy security. The changing geo-political situation is hampering the accessibility of resources in a number of castes. Increasing strategic reserves, enhancing funds for oil equity and investing in oil diplomacy have acquired much prominence.
resources is needed. Additionally, accelerated development of energy infrastructure, human resource development and technological up conducive policy environment coupled with an effective regulatory regime is, without doubt, the basis for accelerated growth of domestic energy resources. Energy security needs integrated This initiative – National Seminar for Energy Security ! who will brainstorm on the crucial issues pertaining to energy security in India with to the objective of charting a roadmap for the future. FICCI and Ernst & Young have jointly prepared and guidelines for the discussions. The paper reviews the current scenario of rising energy demand in India which has led to increasing dependence on imports driven primarily by declining domestic production. It also reviews governing India’s oil and gas sectors, highlighting the shortcomings and suggesting reforms. " outcomes of the National Seminar for Energy Security informative and helpful in ensuring energy security for the country.
Dr. Rajiv Kumar Secretary General FICCI
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Contents India’s impending energy crisis
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Key issues limiting growth and development of India’s oil and gas industry
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A. Upstream
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B. Midstream
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C. Downstream
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India’s impending energy crisis
;mjj]fl]f]j_q\]Ô[alk[]fYjag Currently, India is one of the world’s fastest-growing economies. During the period between 2006 and 2010, the country’s gross domestic product (GDP) increased at a CAGR of 8.2%, while global GDP increased at a CAGR of 4.5%.1 The rapid increase in economic activity has been accompanied by rising energy consumption. During the period between 2006 and 2010, India’s primary energy consumption increased at a CAGR of 8.3%, from 381.4 million tons # $'*+/7:
