Prime Minister Narendra Modi on Monday said the government has encouraged private participation across the entire oil and gas value chain.
“India is becoming an attractive FDI destination. Companies like Saudi Aramco, ADNOC, TOTAL, Exxon-Mobil, BP and Shell are looking to increase their investments across the value chain,” said the PM while addressing large gathering of delegates from over 70 countries here at the second day of the 3-day Petrotech 2019. He also added, “India is making rapid strides towards a gas based economy. Over sixteen thousand kilometres of gas pipeline has been constructed and an additional eleven thousand kilometers is under construction.”
“Execution of three thousand, two hundred kilometers of gas pipeline in Eastern India has begun. This will connect North East India with the National Gas Grid.
“The 10th bid round for City Gas Distribution will be complete in a month’s time. This will cover over four hundred districts. It will extend coverage of City Gas Distribution to 70 percent of our population,” he stated.