The oil and gas sector in India has been a story of evolution from once private entities turning into nationalised companies and then again the entry of private sector in 1990s. Initially, the upstream oil exploration sector witnessed a lot of private investment but then it slowed down. The downstream oil sector simultaneously saw a variety of social schemes, billions of government funds, and private investment from marquee names. The natural gas sector, on the other hand, is a story where import dependence has only increased over the years, making the supply to key sectors, like power generation difficult, since imported gas price cannot match the cost advantage of coal. At the same time, India is aspiring to be a gas-based economy. Mega scale city gas distribution and piped gas network expansion is also under works. In the middle of this, ethanol blending programme for petrol has taken off well. Simultaneously, a pilot project on green hydrogen blending with natural gas has also started in Madhya Pradesh.

To unwrap the past, present and what could be the future policies and plans for India’s oil and gas sector, we talked with Jyoti Mukul, a seasoned energy infrastructure writer. Ms Mukul was a journalist for nearly three decades and has followed milestone developments of the country’s energy security and transition efforts. She is a well-known policy analyst for energy and infrastructure sectors and her first book ‘The Great Shutdown: A story of two Indian Summers’, highlighting the infrastructure challenges posed by the Covid pandemic, came out in 2022.

Full transcript of the episode is available in English

Presented by 101Reporters

Jyoti Mukul is on Twitter and  LinkedIn

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