Hydrocarbon Vision 2030 for North-East released

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Who: Union Ministry of Petroleum and Natural Gas
What: Released Hydrocarbon Vision 2030 for North-East
When: on 9 February 2016

Union Minister of State (Independent Charge) for Petroleum and Natural Gas Dharmendra Pradhan on 9 February 2016 released the Hydrocarbon Vision 2030 for north-east India.

The Union Ministry of Petroleum and Natural Gas has consciously and constantly focused efforts towards making hydrocarbons a tool to enable social and economic development. One such initiative has been the Hydrocarbon Vision 2030 for North East Region. It undertook series of consultations with the state governments while drafting the vision document. While, CRISIL Infrastructure Advisory has been the knowledge partner to develop the Vision report.

The states covered under this vision are Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.

Main Features of the Hydrocarbon Vision 2030

The vision is

• It outlines the steps to leverage the hydrocarbon sector for development of the region in Guwahati.

• It is focused and consultative exercise to develop a common and shared aspiration for benefiting people of the north east region with involvement and inputs of various stakeholders, industry players and state governments.

• It not only includes the ambition for the region but also an actionable roadmap.

• The objectives of the plan are to leverage the region’s hydrocarbon potential, enhance access to clean fuels, improve availability of petroleum products, facilitate economic development and to link common people to the economic activities in this sector.

• It rests on five pillars: People, Policy, Partnership, Projects and Production.

People: It foresees clean fuel access to households alongside fostering skill development and involvement of the local community.

Policy: It focuses on moderation in light of specific terrain and weather conditions of the region coupled with ensuring fund planning for new projects.

Partnership: The stress is on greater involvement of state governments in planning and implementation, and on boosting trade with neighbouring nations.

Projects: The focus is on pipeline connectivity for carrying liquefied petroleum gas (LPG), natural gas, and petroleum products, oil and lubricants (POL); building refineries and import links; and development of compressed natural gas (CNG) highways and city gas distribution network.

Production: It emphases include production enhancement contracts, technology deployment and fast-track clearance, and development of service provider hubs.

• It aims at doubling Oil and Gas production by 2030, making clean fuels accessible, fast tracking projects, generating employment opportunities and promoting cooperation with neighbouring countries.