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Gauba Urges Market Reforms, Stronger Regulation for India's Energy Security
- •NITI Aayog member Rajiv Gauba advocates for stronger regulation and market-oriented reforms in the petroleum and natural gas sector to bolster India's energy security and support Viksit Bharat@2047.
- •Gauba highlighted the complex global environment, geopolitical tensions, and supply disruptions impacting the energy sector, emphasizing the need for diversification and expansion of domestic energy capacity.
- •He stressed accelerating domestic exploration and production, particularly in frontier and deep-water areas, and leveraging technology, private investment, and public sector capabilities.
- •Gauba called for an accelerated transition to a gas-based economy, requiring an integrated natural gas value chain, strengthening the National Gas Grid, and expanding City Gas Distribution.
- •He emphasized regulatory reforms to remove frictions and keep pace with emerging areas like hydrogen and CO2 pipelines, advocating for predictability, ease of doing business, and continuous reform.
Key Questions Answered
NITI Aayog member Rajiv Gauba called for market-oriented reforms and stronger regulation in the petroleum and natural gas sector during the 20th Foundation Day of the Petroleum and Natural Gas Regulatory Board (PNGRB) on October 1. He emphasized that institutional capacity, regulatory predictability, and ease of doing business will be critical to strengthening India's energy security.
Gauba highlighted the need to accelerate India's transition to a gas-based economy by building an integrated and economically viable natural gas value chain. This involves strengthening the National Gas Grid, improving pipeline and LNG terminal utilization, and expanding the City Gas Distribution network.
Gauba stated that regulatory reforms must remove unnecessary frictions and ensure frameworks keep pace with emerging areas such as hydrogen, syngas, and carbon dioxide pipelines.
