2nd Asia LPG 2019 Summit
The 2nd edition of the Asia LPG Summit 2019 was held in New Delhi with theme ‘LPG – Energy for Life’. The summit was organized by the World LPG Association (WLPGA) in association with major Indian public-sector oil companies (OMCs) Indian Oil, Hindustan Petroleum, and Bharat Petroleum. In it, Union Petroleum Minister Dharmendra Pradhan stated that India has become the world’s second largest importer of Liquefied Petroleum Gas (LPG) as its government pushes cleaner alternatives to traditional cooking fuels such as firewood and cow dung. The imports of LPG grew 12.5% over the past five years to 12 million metric tons (13 million tons) in 2018-19. Hence, in terms of LPG import, India has surpassed Japan to acquire 2nd spot. China is at first spot. India imports LPG mainly from Saudi Arabia, Qatar, the United Arab Emirates (UAE), Kuwait and Iran. The summit offered a unique opportunity to the global LPG industry to interact with development agencies, NGOs and non-profit organizations who have facilitated last-mile access to LPG for the beneficiaries.
Topics: Bharat Petroleum , CNX Nifty , Companies , Economy of India , Energy , Give up LPG subsidy , Hindustan Petroleum , Indian Oil Corporation , Liquefied petroleum gas , Petroleum production , World LPG Association