PM inaugurates PETROTECH -2019

  • The 13th edition of  India’s flagship hydrocarbon Conference ‘PETROTECH – 2019’ ,was inaugurated by the Prime Minister Narendra modi at India Expo Centre, Greater Noida in  Uttar Pradesh on February 11, 2019.
  • Leading lights from the oil and gas sector are attending PETROTECH 2019. Over the last quarter century, PETROTECH has served as a platform to discuss solutions to challenges faced in the energy sector.. PETROTECH provides the perfect setting to ponder over the future of the energy sector and provides the platform to reflect upon how global shifts, transitions, policies and new technologies will influence market stability and future investments in the sector.
  • During inauguration  PM underlined the importance of energy as a key driver of socio-economic growth. 
  • Stating that the there is a shift in energy consumption from West to East, PM said that United States has become the world’s largest oil and gas producer after the shale revolution. However there are signs of convergence, between cheaper renewable energy, technologies, and digital applications which may expedite the achievement of many sustainable development goals.. 
  • PM   said that Industry 4.0 will change the way industry operates, with new technology and processes. Our companies are adopting latest technologies to improve efficiency, increase safety and reduce costs, he added.
  •  Declaring that a ‘Blue Flame Revolution’ is under-way. LPG coverage has reached more than 90% percent, from 55% five years ago. 

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