In a virtual interaction session with the India’s Prime Minister Narendra Modi, HE the Minister of State for Energy Affairs highlighted Indian government’s policy reforms "designed to attract investors and achieve its goal of a gas-based economy."
HE the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi has highlighted Indian government’s policy reforms "designed to attract investors and achieve its goal of a gas-based economy."
Al-Kaabi was participating in a virtual interaction session on Monday with the India’s Prime Minister Narendra Modi, touching upon various aspects of India’s energy sector.
The session, which was held on the sidelines of the "India Energy Forum", brought Modi together with global oil and gas CEOs and experts for an exchange of ideas on India’s role in the global oil and gas sector, and on accelerating investment in India’s oil and gas value chain.
In his remarks during the interactive session, al-Kaabi provided an overview of Qatar’s relations with India in the field of energy, with Qatar being India’s largest LNG supplier, in addition to partnerships that cover a wide spectrum of petroleum products and petrochemicals.
Al-Kaabi said, “We believe that natural gas is a critical component of India’s energy mix as the country seeks to boost its use across all sectors, while at the same time playing an important global role in curbing global warming. LNG, in particular, is affordable, efficient and environmentally sustainable; and we believe it is the ideal fuel for India.”
Al-Kaabi noted the Indian government’s policy reforms designed to attract investors and to achieve its goal of a gas-based economy.
The minister said, “We are pleased to see India continue to invest in gas infrastructure in line with the government’s policy reforms aiming to make India a gas-based economy, targeting a 15% share for gas in the country’s energy mix.”
India is one of the largest consumers of energy in the world and will be a major driver for future growth in demand for all types of energy: hydrocarbons as well as renewables.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
PPI for Qatar's industrial sector sees 5% increase in October
QSE adds QR12bn in capitalisation on vaccine, projects optimism
Building sales top weekly property deals by 57.5%, says Ezdan report
Bright outlook seen for Qatar’s property market
Boeing signs $5bn vendor funding deal with Castlelake
Sainsbury’s, Asda and Aldi waive tax relief as UK supermarkets hand back $2.3bn
Strongest Taiwan dollar since ’97 shows central bank easing grip
Sensex climbs; rupee snaps losing streak
Japanese PM defends boost for domestic tourism amid Covid-19