The government is focusing on expanding pipeline network and reducing natural gas prices to help turn India into a gas-based economy, Prime Minister Narendra Modi said after inaugurating a clutch of oil and gas projects in West Bengal.
Prime Minister Modi said “India today needs a gas-based economy,” and added that the development of a national gas grid would contribute towards that.
Reforms in the petroleum sector in recent years have helped India become one of the biggest gas consumers in Asia.
Modi inaugurated the 347-km Dobhi-Durgapur stretch of the Jagdishpur-Haldia natural gas pipeline. The stretch built at a cost of Rs 2,443 crore will help supply gas to industries, homes, and vehicles in several districts in West Bengal and Jharkhand.
Modi also inaugurated an LPG import terminal built by Bharat Petroleum in Haldia at a cost of Rs 1100 crore. Prime Minister Modi said, the terminal will help cater to the growing cooking gas demand from states in the east and north-east part of the country and added the coverage of cooking gas has risen from 41% in 2014 in West Bengal to above 99% now, resulting in increased demand.
Modi also inaugurated a flyway and laid the foundation stone of the second catalytic dewaxing unit at the Haldia Refinery of Indian Oil.
According to Prime Minister Modi,“These projects will help Haldia develop into a modern and big import-export centre, “and added, it will also help boost both ease of living and ease of doing business in West Bengal and many other states.