Question

what are the efforts taken to meet the increasing energy demand ?
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Answer 1

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The Minister said that the following steps are being taken to meet the energy demand and strengthen the country’s energy security:

(i) The Government, and the Exploration and Production (E&P) companies have taken several steps to enhance oil and gas production in the country, which inter-alia, includes:

• • Offering of exploration blocks under New Exploration Licensing Policy (NELP) - 254 exploration blocks awarded.
• • Implementation of improved oil recovery and enhanced oil recovery schemes by E&P companies for ageing fields.
• • Development of unconventional sources of hydrocarbon such as Coal Bed Methane (CBM) and Shale Gas.
• • Policy for geo-scientific data acquisition through public funding.

(ii) Pursuing various E&P opportunities in India and abroad to have a balanced portfolio of exploratory, developing and producing oil and gas assets.

(iii) Pursuing transnational oil and gas pipeline projects.

(iv) Construction of strategic crude oil reserves of 5.33 million metric tonnes capacity.