Petroleum and Natural Gas Minister of India Murli Deora in an address in Washington in the Annual General Meeting of the US Energy Association had informed that India would soon have an integrated energy policy. You can find the text of address by Murli Deora in the website of Rediff.com. He said that India's 'total primary energy requirements, which are close to 360 million tons of oil equivalent per annum, are projected to go up to 1.6 billion tons of oil equivalent by 2030'. He also informed that demand for oil and gas in India
, will increase at a rate of 4.3 per cent and 7.3 per cent respectively during 2005 to 2025.
Mr. Deora told the audience that India was planning to attract more foreign investment to explore energy resources in India. He also emphasized on the fact that Indian companies would try to explore more energy resources around the world. The third thing india will do is to invest more on alternative energy sources like wind power. The minister stated that
India would explore every possibility (fossil fuels, thermal power, hydro-electric, nuclear power or renewable) of getting more energy.
In the last few months, a lot has been reported in the world media about China's energy worry. Perhaps, it is time that we become concerned about India
's energy worry and its impact on the price of oil in the international market.
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