PR No – 69
29th March, 2024
New Delhi
Bharat Gas Summit
PHDCCI organized Bharat Gas Summit on 28th March 2024 at PHD House, New Delhi. Eminent panel of experts shared their experiences with participants, unraveling the complexities of the gas sector. Through insightful discussions, the Summit empowered the attendees, addressed their doubts and queries and fostered collaborations to shape the trajectory of the gas sector.
Mr. Kapil Kumar Jain, Executive Director, GAIL (India) Ltd., in his address, shared a report providing a retrospective analysis of India’s energy landscape, highlighting its historical position as the fastest-growing and the third-largest primary energy consumer globally. Challenges such as high LNG prices were met with resilient domestic production, supported by key players like GAIL. Despite historical dominance by coal and oil, efforts are being made to increase the share of gas in the energy mix to 15% by 2030, aligned with broader policy objectives. He mentioned about shifts towards City Gas Distribution (CGD) and increased use of imported gas in sectors like fertilizers. Projections indicate rising gas demand by 2030, with supply expected to meet these demands, highlighting the importance of collaboration and strategic planning. He mentioned that the report underscores the significance of past initiatives in shaping India’s energy trajectory and emphasizes the need for continued innovation and adaptability to meet future challenges.
Mr. Sandeep Jain, Co-Chair, Hydrocarbon Committee, PHDCCI; Executive Director, IOCL, in his address on industry perspective, shared that India’s gas sector showcases the government’s balanced approach, particularly in the City Gas Distribution (CGD) Sector, emphasizing geographic development and infrastructure expansion. He deliberated on the urgent need for LNG infrastructure development, with Indian Oil Corporation Ltd. (IOCL) leading proactive investments. Projections for CGD growth in the southern and eastern regions underscored the importance of accessibility, availability, and affordability. He emphasized that storage infrastructure is identified as crucial for supply reliability. LNG has emerged as a promising fuel, aligning with sustainability targets and offering significant investment opportunities. He also emphasized on the sector’s growth potential, infrastructure development, and regional expansion.
Mr. Pawan Tibrawalla, Co-Chair, Hydrocarbons Committee, extended gratitude to all esteemed speakers for their invaluable contributions, enriching the session and providing all the participants with valuable insights and food for thought.
Mr. Rupesh K Pandey, Senior Secretary, PHDCCI, moderated the sessions and shared his perspective on encouraging wider LNG use, fostering innovation, and aligning industry practices with government policies,.
Other learned speakers of the Summit included: Mr. N Bose Babu, Ex Technical Director, GSPL Ltd.; Mr. Raj K. Zutshi, Chief General Manager (CGD), Indian Oil Corporation Ltd.; Mr. JP Mishra, Chief General Manager (Gas Business), Indian Oil Corporation Ltd; Mr. Ankit Harjai, General Manager & Head of Corporate Venture Capital India Markets, Cummins India Limited and Mr. Ashish Mittal, General Manager, GAIL (India) Ltd.
The Summit covered in-depth discussion on the Navigating Uncertainties in Global Gas Market; City Gas Distribution and Cross Country Pipeline and LNG as a Transport Fuel
The Co- Partner of this Summit was Indian Oil Corporation Limited and was supported by PHDCCI annual sponsors, DLF Ltd; Jindal Steel & Power; KLJ Group; Multani Pharmaceuticals Ltd; Marble City; MMG Group; Radico Khaitan Ltd; Uflex Ltd; Vestige; Eazy ERP Technologies; JK Tyre & Industries Ltd; Sagar Group of Industries; Superior Industries Limited; Samsung India Electronics; Oswal Greentech; Apeejay Stya Group; Blossom Kochhar Beauty Products Pvt Ltd; DCM Shriram; R E Rogers; Trident Group; Ajit Industries Pvt Ltd; Bhagwati Plastic and Pipes Industries; Central Coalfields Ltd; DD Pharmaceutical Ltd.; Hindware Sanitary; Jindal Steel; Modern Automobiles; P S BEDI & Co.
Warm Regards,
Media Division
PHD Chamber of Commerce and Industry