Crude Oil & Natural Gas

  • Steps taken by the government to increase the domestic production of crude oil and natural gas include:
    • To usher in a gas based economy and to increase the share of natural gas in the country’s primary energy mix, the government is taking focused steps viz. enhancing domestic gas production, expeditious development of gas infrastructure including pipelines, City Gas Distribution (CGD) networks and Re-gasified Liquefied Natural Gas (R-LNG) Terminals as well as development of the Gas market by providing open access to gas infrastructure.
    • Policy for Relaxations, Extensions and Clarifications under Production Sharing Contract (PSC) regime for early monetization of hydrocarbon discoveries;
    • New Domestic Natural Gas Pricing Guidelines-2014;
    • Marketing including pricing freedom on natural gas production under PSC regime from difficult areas such as High Pressure-High Temperature (HP-HT) reservoirs and deep water and ultra deep water areas;
    • Discovered Small Field Policy;
    • Hydrocarbon Exploration and Licensing Policy;
    • Policy for Extension of Production Sharing Contracts;
    • Policy for early monetization of Coal Bed Methane;
    • Setting up of National Data Repository;
    • National Seismic Programme for appraisal of Unappraised areas in Sedimentary Basins;
    • Re-assessment of Hydrocarbon Resources;
    • Policy framework to streamline the working of Production Sharing Contracts in Pre-NELP and NELP Blocks;
    • Policy to Promote and Incentivize Enhanced Recovery Methods for Oil and Gas;
    • Policy framework for exploration and exploitation of Unconventional Hydrocarbons under existing Production Sharing Contracts, Coal Bed Methane contracts and Nomination fields.
    • GAIL is executing Jagdishpur-Haldia-Bokaro-Dhamra Pipeline (JHBDPL) of length 2,655 km and Barauni-Guwahati Pipeline of length 729 km under Pradhan Mantri Urja Ganga Project to connect Eastern India. Total length of pipeline under Pradhan Mantri Urja Ganga Project is approx. 3,384 km, out of which 766 km of pipeline is in Odisha state and the balance 2,618 km is in the states of Uttar Pradesh, Bihar, Jharkhand, West Bengal & Assam.

 Source – https://pib.gov.in/Pressreleaseshare.aspx?PRID=1579087

Categories: POINT IAS

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