North East: Hydrocarbon Vision 2030

The North East region, considering its geo-strategic position, has been and is an important part of India’s growth story. The region, having certain distinct advantages, is strategically situated with proximity to the major states in the east and neighboring countries such as Bhutan, Bangladesh, China, and Myanmar.

The North-East-region is a resource-abundant region with its expanses of farmland along with a vast talent pool. This makes it a strategic element for India’s development to steer it in the 21st century.

Although the North-East is full of natural resources, it has lagged behind in taking advantage of its full potential as it faces challenges in terrain and weather conditions. In the North East States, in fact, the developmental needs are unique and merit special public and private interventions.

It is important to mention here that although the region has topped, in the context of literacy rate, amongst all the States of India, it has lagged behind when compared in the field of the national average in per capita income and thus has got lower per capita energy consumption.

No one can deny that energy and hydrocarbon resources and its development hold the magic key to unlock the potential of this region.

Thus, in order to empower the hydrocarbon sector for development of the North-East region, Ministry of Petroleum and Natural Gas, on 9 February 2016, released the Hydrocarbon vision 2030 for North-East India. In the Vision Document, the States covered are viz. Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura. The vision document is a concentrated and consultative exercise for enhancing a common and shared aspiration for the benefit of the people of the North-East.

The Hydrocarbon Vision

The vision aims at doubling the production of Oil and Gas by the year 2030; making clean fuel affable; generating employment opportunities; making projects fast tracking, and encouraging cooperation with adjacent countries.

Also Read: Facts to know about Oil 

Purpose of  the Hydrocarbon Vision 2030

The purpose of the vision document is: to plan and prepare a roadmap for the next decades and-a-half to enhance the Oil and Gas production in the North-East-Region of India; to outline and do the required investment in hydrocarbon sector in the region to enhance exploration activities; and to expand the Piped Natural Gas (PNG) network and secure the availability of petroleum products, including Liquefied Petroleum Gas (LPG) in the remotest corners of the North-East region.

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