Mr. B. K. Namdeo

By 2040, India’s energy consumption for oil and gas will not be less than 450 MMT per annum. At present, our total refining capacity is approximately 240 MMT. In the next 5-6 years, there isn’t much addition in the refineries in India except the west coast refineries that is about 60 MMT, which is still on the drawing board. Even if we take today’s intake capacity of the refining and the proposed capacity of the west coast, then maybe by 2025 we will become a net importer. Today we are called as net exporter but within a very short period we are going to become a net importer and this is the cause of concern.