1. Home >
  2. Export Import News >
  3. Economy News >
  4. West Asia tension & trade war may hit energy security, economy: Pradhan >
  5. West Asia tension & trade war may hit energy security, economy: Pradhan

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

West Asia tension & trade war may hit energy security, economy: Pradhan.

Date: 14-10-2019
Subject: West Asia tension & trade war may hit energy security, economy: Pradhan
NEW DELHI: Petroleum minister Dharmendra Pradhan on Sunday warned that India's growing import dependence for oil and gas made it vulnerable to external developments and said a series of adverse global events in recent months - from the US-China trade war to happenings in West Asia - might have an "enormous impact" on the country's energy security as well as its economy, budget and investment. 

Addressing the third meeting of the International Think Tank ahead of the India Energy Forum, Pradhan, however, acknowledged that India would continue to depend on hydrocarbons, while relying on cleaner and more efficient technologies along with producer-consumer relations as trade volumes grow. 

"No single form of energy can meet the growing energy demand in India given India's development imperative that aims to ensure energy justice to all. Mixing all exploitable energy sources is the only feasible way forward in our context," the minister said. At the same time, he made it clear that India would chart its own course of energy transition and would lead it through schemes such as Ujjwala, Ujala and Saubhagya, aimed at delivering efficient electricity and gas to all households across the country. 

Pradhan said India was investing over $60 billion in developing natural gas supply and distribution infrastructure as it chases the target of more than doubling the share of natural gas in its energy base to 15% by 2030. Explaining that natural gas currently constituted 6.2% of all energy consumption in the country, he said the government had laid emphasis on developing a gas-based economy. The government is giving special impetus to develop gas infrastructure across the length and breadth of the country, connecting north to south and east to west, he said. 

City gas distribution network would soon cover 70% of the population, he said. "Our government is exploring strategic partnerships for overall development of the oil and gas sector. The role of private sector - both domestic and from abroad - for bringing in investments with necessary innovations for future energy landscape in the country will remain crucial," the minister said. 

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 11-11-2019
Notification No. 44/2019-Customs (ADD)
Seeks to amend notification No. 1/2017-Customs dated 5th January, 2017 to insert S. Nos. 48 to 52 in the duty table to finalize the assessment of exports of jute products by M/s. Roman Jute Mills Ltd. (Producer/Exporter) and M/s SMP International, LLC,USA (Exporter/ Trader), M/s Aziz Fibres Limited (Producer/Exporter), M/s Natore Jute Mills (producer), Bangladesh and M/s PNP Jute trading LLC (Exporter/Trader), USA.

Date: 11-11-2019
Notification No. 43/2019-Customs (ADD)
Seeks to rescind notification Nos. 24/2018- Customs (ADD) the dated 7th May, 2018, 41/2018- Customs (ADD) and 42/2018- Customs (ADD) dated 24th August, 2018 which had prescribed provisional assessment on export of jute products from Bangladesh by specified exporters.

Date: 08-11-2019
Notification No. 30/2015-2020
Amendment in Policy Condition No. 3 of Chapter 88 and incorporation of Policy Condition No. 3 in Chapter 95 of ITC (HS) 2017, Schedule-I (Import Policy)-regd.

Date: 08-11-2019
Public Notice No. 42/2015-2020
TRQ for import of 30,000 MT of Crude Soya Oil from Paraguay under India-Mercosur PTA .

Date: 07-11-2019
Notification No.81/2019 - Customs (N.T.)
Exchange Rates Notification No.81/2019-Custom (NT) dated 07.11.2019

Date: 07-11-2019
A.P. (DIR Series) Circular No.8
Exim Bank's Government of India supported Line of Credit of USD 30 million to the Government of the Republic of Ghana

Date: 06-11-2019
Notification No. 59/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI - reg.

Date: 06-11-2019
Notification No. 60/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI - reg.

Date: 06-11-2019
Notification No. 61/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI - reg.

Date: 06-11-2019
Notification No. 62/2019-Customs (N.T./CAA/EXTENSION/DRI)
Appointment of CAA by DGRI - reg.

Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001