About GEMINI 2019
GLOBAL ENERGY MARKET : INVESTMENT & INNOVATIONS | AN INTERNATIONAL CONFERENCE & EXHIBITION ON ENERGY, POWER, COAL, OIL & GAS, ELECTRICITYE-BROCHURE EXPO LAYOUT PACKAGES
POWER & ELECTRICITY SECTOR
India's power sector is one of the most diversified in the world. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, and agricultural and domestic waste. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come. In order to meet the increasing demand for electricity in the country, massive addition to the installed generating capacity is required.
India has made a promise to itself as well as to the world, to join the ranks of developed economies by 2020. And the least a developed country deserves is a stable and secure electricity system, devoid of shortages. Criticisms have always been there with the widespread electricity shortages plaguing not only the entire country, but even the national capital. We also hear slogans like Indians cannot afford electricity and, by extension, natural gas above a price level.
Coal's role has accelerated since 2000, with global consumption increasing by almost two-thirds, driven by its rising use in China and India. The future of coal in India is uncertain amidst ambitious renewable targets .The global coal trade doubled to 1.5 billion tonnes a year over the same period. With a rapidly expanding supply from Australia and Indonesia meeting this demand, as well that of other major importers including Japan and South Korea, the global coal landscape was effectively redrawn. The future of coal remains an urgent question. Global trends mask different regional stories – while climate and air quality policies, the emergence of shale gas and the collapsing cost of renewables have all added to coal's decline among many member states. There is clearly demand for energy in all of these markets, but crucially, this need not mean a future for coal.
OIL & GAS SECTOR
The oil and gas sector is among the eight core industries in India and plays a major role in influencing decision making for all the other important sections of the economy. India's economic growth is closely related to energy demand; therefore the need for oil and gas is projected to grow more, thereby making the sector quite conducive for investment. The Government of India has adopted several policies to fulfill the increasing demand. The government has allowed 100 per cent Foreign Direct Investment (FDI) in many segments of the sector, including natural gas, petroleum products, and refineries, among others. Multiple organizations project that global oil consumption will grow by an annual average of over 1 million barrels per day (BPD) through 2030. In the 2030s, oil demand is finally forecast to begin slowing as a result of fuel economy gains and competition from electric vehicles. Oil demand is projected to peak in the early 2030s, but it will do so at a level 10-15 million BPD higher than current production. That means that new oil supplies will have to be continually added to account for both new demand and declines in existing fields. This means the upstream oil industry will remain a large, viable industry for the foreseeable future.