Govt Sets Up Committee For Stable Gas Price For Power Units Oil Secretary

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Govt Sets Up Committee For Stable Gas Price For Power Units Oil Secretary

The authorities has arrange a committee to work out measures must make pure gasoline obtainable to energy vegetation at “reasonably stable prices”, Oil Secretary Tarun Kapoor mentioned on Thursday.

India has 24,900 megawatts of gas-based energy technology capability. But of this, 14,305 MW is stranded because of the non-availability of fairly priced gasoline.

“We have set up a committee to look to see how we can make natural gas available to the power sector at a reasonably stable price,” he mentioned at ETEnergyworld Gas Conclave.

Without giving particulars of the panel or its report, he mentioned energy vegetation need gas at “fairly stable” worth because the electrical energy they produce is priced at uniform or nearly static charges.

“If the price of natural gas goes up, power generators cannot increase the price of electricity they produce,” he mentioned. “So we are looking at ways and means of how we can increase the penetration of natural gas in the power sector.”

The common home gasoline equipped to gas-based energy vegetation is simply over 25 million metric commonplace cubic meters per day (mmscmd), which is 70 per cent in need of the allocation or the requirement.

While gas-based energy vegetation act as balancers within the grid, making obtainable gasoline to energy vegetation is a component of a bigger plan to extend the share of environment-friendly gas in India’s major vitality basket to fifteen per cent by 2030 from the present 6.7 per cent, Kapoor mentioned.

Natural gasoline as a gas is handy to make use of and will be simply transported via pipelines. It is cleaner than a number of different fossil fuels.

Of the full gasoline consumption of about 60 billion cubic meters, greater than half or 33 bcm was imported, he mentioned, including for a nation aiming to change into self-reliant in vitality, home manufacturing has to extend.

In absence of adequate home manufacturing, India imports gasoline in type of liquefied pure gasoline (LNG). However in current weeks, LNG costs shot as much as a document excessive of USD 56 per million British thermal unit compared to USD 5-6 per mmBtu charges prevalent beforehand, he mentioned including the costs have gone right down to USD 30 however even this fee is extraordinarily unaffordable.

India has some long-term LNG provide contracts, that are listed to totally different benchmarks, thereby giving it charges which can be a lot decrease than present worldwide costs.

The focus is on exploring extra areas to seek out gasoline reserves in addition to elevating output from current fields, he mentioned including output is more likely to rise subsequent yr on the again of main discoveries within the KG basin within the jap offshore coming to manufacturing.

“Total increase expected would be 30 mmscmd. Of this, 18 mmscmd increase has already happened,” he mentioned.

The enhance was primarily due to newer fields within the KG-D6 block of Reliance Industries Ltd being delivered to manufacturing.

“We hope domestic production will go up next year also,” he mentioned.

The authorities, he mentioned, can also be trying to increase home availability by doping bio-gas constructed from agri and municipal waste.

Bio-gas “should contribute to about 10 per cent of our requirement,” he mentioned.

To enhance the share of gasoline within the vitality basket, infrastructure – pipelines, import terminals and distribution community – need to be expanded.

The nation has about 19,000-km of trunk pipeline community which is being expanded to 35,000 km by 2024-25.

“Difficult part is to get distribution in place,” he mentioned referring to the community that needs to be arrange in cities and cities to take gasoline to family kitchens and industries.

“There is right of way (right to lay a pipeline) challenges and involve huge investments,” he mentioned. Undeterred, the federal government is creating enabling laws the place anybody – producer, marketer or dealer – is ready to promote gasoline and a purchaser has a alternative of supply.

“In order to facilitate easy trading and easy transportation gas, the gas exchange has been made functional. We are also in the process of setting up a TSO so that transportation of gas is not monopolized by anyone,” he mentioned.

(PTI)


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