Subscribe free to our newsletters via your
. Military Space News .




ENERGY TECH
India needs energy infrastructure
by Staff Writers
New Delhi (UPI) Apr 16, 2013


disclaimer: image is for illustration purposes only

India should consider developing infrastructure to deal with supply and demand issues in its energy sector, a Shell top executive said.

"On supply, India is already a significant component in the global energy consumption and is going to be 10-15 percent of global energy in the decades ahead. For that, you need to have infrastructure," Jeremy Bentham, vice president, Global Business Environment for Shell told India's Business Standard.

India's reliance on imports is about 80 percent for crude oil and 25 percent for natural gas. The country's energy demand is expected to more than double by 2035, from less than 700 million tons of oil equivalent now to about 1.5 trillion tons, says India's Oil Ministry.

Shell has called for a more robust investor friendly framework in India. Bentham's comments come as India's energy sector faces problems regarding pricing and contractual and allocation issues.

"As a business, we cannot do with an energy ministry. We have issues fragmented across different departments, each of which has its different agenda, which is not very well joined up here," Bentham said, referring to India.

Bentham said India should investigate how it can participate in the energy scenario of South Asia and Asia Pacific and also how it can take advantage of developments in global shale gas, so that India not only encourages domestic production but is also open to global opportunities.

India announced last month that it was preparing to launch its first auction of shale natural gas blocks but the government has not yet unveiled its policy for shale gas development.

Separately, Indian Foreign Secretary Ranjan Mathai said last week that India would continue to buy oil from "vital supplier" Iran.

Mathai said that import decisions are taken by the oil marketing companies on a commercial basis and the Indian government did not play a role in the recent decline in purchases from Iran.

Earlier this year, Indian Petroleum Minister Veerappa Moily said his ministry would work on an action plan to make India energy independent by 2030 through increased hydrocarbon production, unconventional resources such as coal-bed methane and shale, foreign acquisitions by domestic Indian companies and reduced subsidies on motor fuels.

In 2011, India was the fourth largest energy consumer in the world after the United States, China and Russia.

"India is predicted to be one of the world's largest economies but the road ahead is fraught with challenges -- where 80 percent of our energy is imported and many people still do not have access to electricity," Shell India Chairman Yasmine Hilton told the Business Standard.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
Electron conflict leads to 'bad traffic' on way to superconductivity
Houston TX (SPX) Apr 09, 2013
Rice University physicists on the hunt for the origins of high-temperature superconductivity have published new findings this week about a seemingly contradictory state in which a material simultaneously exhibits the conflicting characteristics of both a metallic conductor and an insulator. In a theoretical analysis this week in Physical Review Letters (PRL), Rice physicists Qimiao Si and ... read more


ENERGY TECH
Pentagon requests more funding for Israel's 'Iron Dome'

Lockheed Martin PAC-3 Missile Intercepts and Destroys Tactical Ballistic Missile in New Test

Japan's missile defence plan: some facts

Poland guarantees funds for missile shield

ENERGY TECH
Lockheed Martin's Nemesis Missile Scores 3-For-3 in Flight Tests

Guam heightens alert level after N. Korea threats

US warns N. Korea ahead of expected missile launch

Raytheon demonstrates new Joint Standoff Weapon Extended Range integrated fuel system

ENERGY TECH
US drone destroys Taliban base in Pakistan, five killed

Pentagon calls off new medal for drone, cyber warriors

Red Cross chief criticises drone use outside battlefields

Saudis 'turn to South Africa for UAVs'

ENERGY TECH
Lockheed Martin Awarded Contract to Modernize U.S. Joint Theater Air Operations System

Boeing Delivers FAB-T Test Units to US Air Force

Fourth Lockheed Martin MUOS Satellite Entering System Test as Communication Module and Multi-Beam Antenna Installed

Advancing secure communications: A better single-photon emitter for quantum cryptography

ENERGY TECH
Australia opens Gaza Ridge vehicle facility

Smaller Pixels, Smaller Thermal Cameras for Warfighters

Raytheon awarded DTRA border security contract

Updated Laser Rangefinder/Designator From Northrop Grumman, DRS Technologies Completes Flight Testing

ENERGY TECH
Germany's Krauss-Maffei Wegmann lands Qatar contract

Court delays transfer of S.Africa army choppers to Zimbabwe

SIPRI: Latin America military spending up

US soldier jailed for trying to sell secrets to Russians

ENERGY TECH
US warship in Southeast Asia gives punch to US Asian 'pivot'

Outside View: Lyndon W. Obama

UN chief in unprecedented visit to Pentagon

NATO head lauds Japan cooperation pledge

ENERGY TECH
New device could cut costs on household products, pharmaceuticals

Nanotechnology imaging breakthrough

Surface diffusion plays a key role in defining the shapes of catalytic nanoparticles

Imaging methodology reveals nano details not seen before




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement