Investors’ meet organised for Special CBM Bid Round-2021 at Bhubaneshwar, Odisha

Bhubaneswar:  Investors’ meet was organised at Bhubaneswar on 04th March 2022. Event was graced by senior officials from MoPNG, State government and major E&P operators and various companies in the region.
Program was addressed by Mr G Srinivas, IAS, Additional Secretary & FA at MoPNG. He acknowledged the essence of enhancing Gas production to move towards Gas based economy and importance of CBM in the State.
Mr Amarnath, Additional Secretary, MoPNG informed the available reforms and liberal policies to take up the CBM and Gas production to new stage. He also emphasized the efforts made for the national gas grid and also CGD (City Gas Distribution)network across the country.
Mr Hemant Sharma, Principal Secretary, Industries, Odisha explained in details efforts and policies made by the Government of Odisha for investment opportunities and assured full support from state machinery to make the bidding round a success. He explained the single window clearance for early clearances required for CBM Blocks.
Dr Anand Gupta, ADG, Development, DGH talked about the Gas based economy and CBM opportunities in country and in Odisha and the salient features which makes the Special CBM round an attractive initiative and opportunity.
Present CBM operators namely GEECL and Essar oil & Gas presented their operations and experience made in CBM activities.
India Gas exchange talked about gas trading mechanisms. Other companies also presented efforts and support related to CBM exploration and development.
Overall, the Investor meet sensitised the attractive features, need of CBM production and opportunities for Odisha state. The event brought the Centre and state Government together to work together to develop the country towards the goal of Gas based economy.

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