The Centre will soon roll out a new policy on Compressed Bio-Gas (CBG) aimed at further strengthening the existing framework across the entire bio-gas value chain, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Thursday.
Speaking to IANS on the sidelines of India Energy Week in Goa, Puri said the proposed CBG policy will build on the deliberations and outcomes of discussions held during the event.
“The policy will focus on providing financial support for biomass aggregation machinery and will also include schemes to expand pipeline infrastructure, which will help improve the transportation and distribution of bio-gas across the country,” the minister said.
Puri noted that the government remains committed to building a strong and sustainable energy ecosystem, adding that India already has a robust policy framework for CBG and the new measures will further strengthen the sector.
“Bio-gas and CBG play a crucial role in India’s transition towards cleaner and more affordable energy sources, particularly in rural and agricultural areas,” the minister said, speaking after a two-day high-level conference held on January 28 and 29.
The minister also highlighted India’s broader energy ambitions, reiterating Prime Minister Narendra Modi’s commitment to invest nearly $500 billion in the energy sector over the coming years.
“India Energy Week has emerged as an important platform to showcase India’s growing role in the global energy landscape and to attract international partnerships,” Puri told IANS.
On international cooperation, the minister referred to the ongoing India–European Union free trade agreement discussions, stating that energy collaboration will be a key element of deeper economic engagement between India and the EU.
He also touched upon global developments, including tensions in West Asia, noting that such geopolitical factors impact energy markets and make energy security a top priority for India.
Puri further said that Indian Oil Corporation has signed a memorandum of understanding with French energy major ENGIE to explore strategic cooperation in the LNG and gas sector.
He added that the partnership will help Indian Oil strengthen its presence across the LNG and natural gas value chain while enhancing India’s access to cleaner energy fuels.
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