India, home to more than 1.4 billion people is projected to be the key driver of future global energy demand in the world. The progress of our nation is entwined to meeting the energy demands of the growing population. Oil and Gas contribute to about 29% of the primary energy consumption and the country is highly dependent on imports of crude oil and natural gas. A number of policy measures have been undertaken by Government of India for ensuring energy access, energy efficiency, energy security and energy sustainability.
To provide a competitive advantage to India’s Oil and Gas industry, Oil & Gas PSUs and IIT Bombay have come together to set up a “Centre of Excellence in Oil, Gas and Energy”. The Centre of Excellence is aimed at collaborative Research & Capability Building in the areas of Oil, Gas & Energy. It will work towards developing sustainable solutions and explore new frontiers in technology for future energy needs. The Centre of Excellence will leverage the expertise available with IIT Bombay and the Oil and Gas industry. It will also provide an institutionalised platform for Industry – Academia interactions.
The Memorandum of Understanding (MoU) was signed at Delhi today between Director, IIT Bombay & CM&Ds of Oil PSUs (IOC, BPC, HPC, ONGC, GAIL, EIL & OIL), in the august presence of Hon’ble Minister of Petroleum & Natural Gas and SD&E, Sh. Dharmendra Pradhan and Secretary Petroleum & Natural Gas, Dr. M.M. Kutty. Senior Officials from MoP&NG and Oil PSUs were also present on the occasion. The Centre of Excellence is expected to help in fostering innovations and help in developing a future ready energy industry in the Country