Millennium Post

IndianOil Chairman calls for upgradation of gas infrastructure

Delivering the inaugural address of the First IndianOil Gas Conclave 2015 here he said that “natural gas has become the most favoured fuel in the last three decades with a 24 per cent share in global
primary energy sector.”

The meet was inaugurated by Ashok in the presence of D. Sen, Director (P&BD), IndianOil and G. K. Satish ED I/c (Gas), IndianOil. The conclave brought together luminaries from global and Indian gas industry to deliberate on the theme 'Gas - Towards Green Future' in view of emergence of gas as an alternate to oil.

He added further that the higher share of natural gas will help resolve key issues such as energy security, environmental concerns and address criticalities of fuel subsidy and currency fluctuation.  Ashok highlighted the fact that IndianOil has a presence in the entire value chain of gas, from gas assets in upstream to gas infrastructure and gas marketing.

Emphasising on the need for carving a niche presence in the gas infrastructure, Ashok informed that setting up a regasification terminal at Ennore Port and having a joint authorisation for laying  4,000 kms of gas pipelines is a step in that direction. He hoped that the experts after attending the conclave would deliberate and come out with a roadmap for the growth of Indian gas industry which would shape the future of the sector.

Sen in his address underscored the need for making gas affordable and working on expansion of gas pipeline network. He added that Asia is poised to be growth driver of gas in the region in future with the increasing demand. With the emergence of Gas as a viable alternate, he said the conclave would pave a way for firming up a progressive action plan towards building gas as the fuel of future.
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