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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