What is India's total investment target for its energy sector?

India's energy sector offers investment opportunities worth $500 billion.

How much investment does India aim to raise in oil and gas by 2030?

India aims to raise $100 billion in oil and gas investments by the end of this decade.

What is India's target for refining capacity?

India plans to raise its refining capacity beyond 300 million tonne per annum.

Home / Business and Economy / India Eyes $100B Oil, Gas Boost by 2030

India Eyes $100B Oil, Gas Boost by 2030

28 Jan

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Summary

India plans $500 billion energy sector investments.
Upstream investments target $100 billion by 2030.
Refining capacity to exceed 300 million tonne per annum.

India is targeting substantial growth in its energy sector, aiming for investments totaling $500 billion. Prime Minister Narendra Modi announced plans to mobilize $100 billion in upstream oil and gas investments by the end of this decade. This initiative includes expanding oil and gas exploration coverage to 1 million square kilometers.

Refining capacity is set to increase beyond 300 million tonne per annum (MTPA), up from the current 260 MTPA. India is already a significant exporter of petroleum products, supplying over 150 countries. The Andaman and Nicobar basin is emerging as a key area for future hydrocarbon exploration.

Reforms such as reducing no-go areas and improving city gas distribution networks are being implemented to foster a transparent and investor-friendly environment. The Prime Minister invited global investors to 'Invest in India,' highlighting opportunities in refining, exploration, LNG infrastructure, and downstream petrochemicals.