Shri R P N Singh, Minister of State, Ministry of Petroleum and Natural Gas underlined the need for energy security, energy conservation and closer integration of energy markets. While addressing the 30th ASEAN Energy Ministers on Energy Meeting (AMEM) at Cambodia, he emphasized on the close economic co-operation among the East Asian Countries as these together represent more than 50 percent of world’s energy consumption. He showcased the investment opportunities that exist in Indian petroleum sector under NELP, petrochemical complexes in Dahej and Mangalore, LNG import and regasification terminals at Kochi and Ennore; and mapping and development of shale gas reserves. He also offered to share India’s capabilities and experience in laying oil & gas pipelines and power transmission lines to ASEAN countries.
He highlighted achievement of the country in reducing vehicular pollution with introduction of BS III and BS IV fuels and increasing use of natural gas in the automobile sector. He added that with the ever expanding opportunities in the energy sector, India has emerged as an attractive investment destination. On the sidelines of the AMEM, he also held the bilateral meetings with the Energy Ministers of Malaysia, Brunei, Myanmar and Indonesia, in which the issues relating to enhancement of supply of crude and natural gas to India were discussed.
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