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GS-III : Economic Issues Energy

15 August, 2021
7 Min Read

Hydrocarbon Vision 2030 for Northeast India

Union Ministry of Petroleum and Natural gas (MoPNG) has released the Hydrocarbon Vision 2030 for north-east India in 2016. The Hydrocarbon Vision 2030 outlines steps to leverage the hydrocarbon sector for social and economic development of the north-east region. The states covered under it are Assam, Arunachal Pradesh, Meghalaya, Manipur, Nagaland, Sikkim, Mizoram and Tripura.

Key features of the Hydrocarbon Vision 2030

Objective: To leverage the north-east region’s hydrocarbon potential, improve the availability of petroleum products, enhance access to clean fuels, facilitate economic development and link common people to the economic activities in this sector.
It lays out a detailed roadmap for the entire hydrocarbons value chain, covering all aspects of upstream, midstream and downstream segments of this sector.
The Vision rests on five pillars of 5Ps People, Policy, Partnership, Projects and Production.
People: Foresees accessibility of clean fuel to households in this region and also foster skill development and local community involvement.
Policy: Focus on development of areas including moderation of specific terrain and weather conditions of the region along with fund planning for new projects.
Partnership: Give stress on greater involvement of state governments from this region in planning and implementation and also boosting trade with neighbouring nations.
Projects: Focus on pipeline connectivity for carrying natural gas, liquefied petroleum gas (LPG), petroleum products, oil and lubricants (POL).
It will also include building refineries and import links and development of compressed natural gas (CNG) highways and city gas distribution network.
Production: Give emphases for technology deployment, production enhancement contracts and fast-track clearance and also development of service provider hubs.
The vision also focuses on other areas including exploring hydrocarbon linkages and trade opportunities with neighbouring countries like Bangladesh, Myanmar, Nepal and Bhutan.
It also aims at doubling Oil and Gas production by 2030, fast tracking projects, generating employment opportunities and promoting cooperation with neighbouring countries.

Source: Aspire IAS Notes

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