Prime Minister Narendra Modi praised India’s record gas production on Sunday, highlighting the significance of energy independence for the country’s development. Modi made these remarks in response to a post by Petroleum Minister Hardeep Singh Puri, who said the country’s gas production had reached a significant milestone. As per CM Puri, India’s gas yield has seen a striking increment, ascending from 28.7 billion cubic meters (BCM) in the financial year 2020-21 to 36.43 BCM in 2023-24. This substantial growth is evidenced by the government’s and the energy industry’s efforts to increase domestic production and reduce import dependence. Puri also predicted that India’s gas production would reach 45.3 BCM by 2026, confirming the country’s progress toward Self-Reliance.
Gas Production Boosts Energy Self-Reliance
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Prime Minister Modi emphasized that realizing India’s vision of a developed nation requires achieving energy independence. He highlighted the significance of a strong and independent energy area, which is fundamental for supporting monetary development, guaranteeing energy security, and giving reasonable energy to all residents. Not only does the government’s commitment to sustainable development match the rise in gas production, but it also helps power, industry, and transportation, all of which heavily rely on natural gas, succeed.
India’s larger plan to expand its energy portfolio includes the rise in gas production. To support the expansion of the energy sector, the government has invested in infrastructure, implemented policy reforms, and actively promoted exploration and production activities. These endeavours aim to take advantage of the country’s huge regular assets, draw in ventures, and encourage advancement and innovation reception.
The record-breaking increase in production represents a significant milestone on India’s path to energy independence. It exemplifies the nation’s commitment to a prosperous and sustainable future fueled by a robust and resilient energy sector. The government’s emphasis on energy independence will significantly influence India’s development trajectory in the coming years.
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