lecture 1 hydrocarbon vision

8/3/2019 Lecture 1 Hydrocarbon Vision

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HYDROCARBON VISION-2025

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AGENDA

1 Preface

2 Usage

3 Fact 4 Present Position

5 Hydrocarbon Vision 2025

6 Way to the Vision

7 Major Steps towards Vision.

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PREFACE

HYDROCARBON=FUEL FOR ANEFFFICIENT

RUNNINGECONOMY

Pivotal role in powering industrial growth.

Accounts for 45%of India's total energyrequirements.

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USAGE

Primarily used for fuels , electrical power generation,

and heating.

The chemical, petrochemical, plastics and rubber

industries are also dependent upon hydrocarbon asraw material for their product.

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FACT

Consumption by Indian market is at an annual

average rate of 6-7% where as the world average is

only 2%.

Internal production is just 30% and the remaining

70%is being imported.

This is responsible for our huge import bill and oil

pool deficit.

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India's Future Natural Gas Demand

(in millions of standard cubic meters per day)

YEAR FORECASTED

DEMAND

2001-2002 151

2006-2007 231

2011-2012 313

2024-2025 391

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The Hydrocarbon Vision 2025

Lays down the framework which wouldguide the policies relating to the

hydrocarbon sector .

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VISION :-

Achievement of 100% coverage of unexplored basinsto enhance availability of oil and gas.

Secure acreages in identified countries for ensuring

sustainable long term supplies.

Pursue projects to meet the deficit in demand andsupply of natural gas, and facilitate availability of

LNG.

Maintain adequate levels of self-sufficiency inrefining.

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Contd.

Create additional infrastructure for distribution andmarketing of oil and gas.

Open up the hydrocarbon markets so that there is free

and fair competition

Have a rational tariff and pricing policy,

Establish adequate strategic storage of crude andpetroleum products in different locations.

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Contd. Announce a long-term fiscal policy to attract

required investment in the hydrocarbon sector.

T

o develop regulatory and legislative framework forproviding oil/gas security for the country.

Create a policy framework for cleaner and greener

fuels.

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WAY TO THE VISION

Liberalize and lease out prospective hydrocarbon basins.

Import and distribution ofLNG.

Exploitation of coal bed methane reserves.

Linking hydrocarbon resources from countries like

Bangladesh, Iran by cross country pipeline to India.

Exploitation of hydrate resources in coastal sea bed

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Major Steps towards the vision

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STEPS TOWARDS E&P

The Indian government has introducedNELP(new

exploration and licensing policy) in 2000 with view to

increase E&P(exploration and production) activities.

Indian companies are recruiting foreign firms with

greater experience and more sophisticated technology.

Indian NOCs(national oil companies) have increasingly

looked to acquire equity stakes in E&P projects overseas.

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STEP TOWARDS

DOWNSTREAM/REFINING

Reliance enlarged its Jamnagar site by 580,000

bbl/d, making it the largest refining complex in the

world.

Other key upcoming refinery projects include Essar

Oils Vadinar refinery expansion plan , IOC

s Paradeeprefinery expansion plan.

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STEPS TOWARDS REFINING SUBSIDIES

The Indian government continues to heavily

subsidize domestic prices of oil products such as

diesel, LPG, and kerosene for consumers.

In July 2008 the Indian government cut retail prices

by approximately 12 percent for diesel and over 20percent for gasoline.

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Steps towards Strategic Petroleum

Reserve

Indian officials have declared that the country

intends to develop a SPR(strategic petroleum

reserve).

The decision has been made to set up a strategic

reserve of 5 million tons of crude oil in underground

structures in Mangalore, Visakhapatnam, and Padur.

The project is expected to come online by 2012.

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CONCLUSION

Hydrocarbon vision the messiah for Indianpetroleum industry.

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lecture 1 hydrocarbon vision

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