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India’s energy consumption to nearly triple by 2040: Pradhan
New Delhi, Nov 13 (IANS) India’s energy consumption, already the third-highest in the world, is likely to grow at more than four per cent annually and will nearly triple to 607 million metric tonnes by 2040, Petroleum Minister Dharmendra Pradhan said in Abu Dhabi.
Pradhan said India has “several bright prospects in upstream oil and gas sector”, as he invited overseas investors to participate in the exploration and production of oil and gas, the Ministry of Petroleum and Natural Gas said in a statement on Tuesday.
Speaking at a roadshow for Discovered Small Field-II bids in Abu Dhabi on Monday, Pradhan said the country accords high priority to a gas-based and clean economy, and is planning to more than double the share of natural gas in the energy mix to 15 per cent.
“… in the last four years, we have made giant strides in oil and gas sector. However, the best is yet to come. No country, international organization or company alone can go far without partnership and collaboration,” Pradhan said.
He said the government has taken steps to overhaul the policy framework encompassing the entire energy value chain to ensure energy security for the country. One of the most important areas of focus to ensure energy security is the E&P sector.
The government has also brought about other policy reforms like coal-bed methane policy, incentivise enhanced recovery to raise output of oil and gas from matured fields, and exploration and exploitation of unconventional hydrocarbon from all fields, he said.
“Energy consumption in India in the past decade has increased at a compound annual growth rate of more than 5 per cent. In future too, energy consumption in India is expected to rise by more than 4 per cent annually.
“Globally, majority of the growth in energy demand is going to come from India. Our oil and gas demand is expected to increase nearly threefold from 229 million metric tonnes currently to 607 million metric tonens in 2040,” Pradhan said.
Though natural gas forms a relatively small share of India’s energy mix currently, the country intends to create a robust natural gas trading hub and the process to formalise the concept has already been initiated by the government, he said.
“Gas infrastructure projects of over 8 billion US dollars are under implementation across the country. We aim to increase the share of natural gas in the energy mix from the current 6.5 per cent to 15 per cent by 2022,” he said.
Further, he said that a National Data Repository, a database of all geo-scientific data of hydrocarbon resources in the country, has been set up to provide ready access to interested companies.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.
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