The Government has initiated gas pricing reforms to incentivise production of natural gas, the Prime Minister (PM), Dr Manmohan Singh, said.
“We are conscious that remunerative energy prices are needed to ensure expanded energy supply,” he said at the 7th Asia Gas Partnership Summit, here.
As a caution to the industry, the PM said that oil and gas are national resources and, therefore, should be within the framework of Governmental and regulatory oversight. “The economic exploitation of these resources should lead to win-win solutions for both the investors as well as the people of India,” he said.
While stating that use of natural gas offers greater supply security through diversification of the energy basket, he said that it also helps in promoting sustainable economic development.
The PM said that with the Asia-Pacific region, including Australia and West Asia, already emerging as a principal source of gas supply, there is a natural synergy in promoting greater flow of trade, investment, skills and services, across the gas value chain within the Asian region.
“Indeed we should move beyond the conventional buyer-seller relationships to more comprehensive gas and energy partnerships in this region,” he said
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“We are conscious that remunerative energy prices are needed to ensure expanded energy supply,” he said at the 7th Asia Gas Partnership Summit, here.
As a caution to the industry, the PM said that oil and gas are national resources and, therefore, should be within the framework of Governmental and regulatory oversight. “The economic exploitation of these resources should lead to win-win solutions for both the investors as well as the people of India,” he said.
While stating that use of natural gas offers greater supply security through diversification of the energy basket, he said that it also helps in promoting sustainable economic development.
The PM said that with the Asia-Pacific region, including Australia and West Asia, already emerging as a principal source of gas supply, there is a natural synergy in promoting greater flow of trade, investment, skills and services, across the gas value chain within the Asian region.
“Indeed we should move beyond the conventional buyer-seller relationships to more comprehensive gas and energy partnerships in this region,” he said
....more info