Major oil, gas discoveries ensure energy security - Financial Express

New Delhi: The government remains bullish on domestic oil and gas sector even as serious bottlenecks in areas like land acquisition, fund mobilisation and timely regulatory approval are hampering growth in other infrastructure sectors.

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India has made major oil and gas discoveries in recent years that should go a long way in ensuring the country’s energy security. And the credit goes to the national exploration licensing policy (Nelp) which has helped in expediting the government’s exploration programme by attracting private investment. Reliance Industries Ltd (RIL) and Scottish company Cairn Energy have made most significant discoveries from blocks awarded under the Nelp regime. Production from these discoveries—natural gas available from RIL’s K-G D6 block and crude oil from Cairn Energy’s Barmer block in Rajasthan — have dramatically changed India’s energy sector scenario. Sectors like power and fertilisers that use natural gas as fuel and feedstock have also benefited from the D6 gas. These discoveries find special mention in the Survey. TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

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