Also aims for complete end to oil imports that same year.
The prediction was made by Union Minister for Petroleum and Natural Gas M. Veerappa Moily, who said India’s self-sufficient energy sector will also see the government working towards reducing gas and oil imports.
Moily noted that the import bill for petroleum products was US$160 billion but could fall by 50% in 2020, 75% in 2025 and be completely halted in 2030.
By 2017, India will receive natural gas from Turkmenistan through the Turkmenistan-Afghanistan-Pakistan-India pipeline.
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