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India starts path to cut oil, gas imports


The government of India said it held its first advisory council meeting to lay out an ambitious road map to cut oil and gas imports by 10 percent.

Indian Petroleum Minister Dharmendra Pradhan chaired the first meeting for the body tasked with cutting oil and gas dependency. During the meeting, the ministry said expanding domestic oil and gas developments, including shale reserves, and coal-bed methane could help the country achieve its goals for the start of the next decade.

"Pradhan stressed on the importance of concerted and coordinated efforts by all ministries to creat an enabling enviroment for accelerated exploration and production activities,"the ministry stated.

India aims to triple its renewable power capacity by 2022 to 175 gigawatts by drawing on new solar and wind energy sources.

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