India claims energy self-sufficiency by 2030

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.