India to account for 25% of global energy demand in 20 years: Union Minister Hardeep Puri

New Delhi, Oct 12 (KNN) Union Minister of Petroleum & Natural Gas and Housing and Urban Affairs, Hardeep S. Puri said that 25 per cent of global energy demand growth in the next 2 decades is going to derive out of India. 

He was addressing a roundtable on “Opportunities in the India-US Strategic Partnership” in Houston, Texas organized by US-India Strategic Partnership Forum.

The minister noted that India’s energy strategy is mindful of commitments to the global commons, to Green Transition and to ensure Energy Availability, Affordability and Security to all.

He emphasised that despite the current challenging energy environment, India’s commitment to energy transitions and its climate mitigation goals, is not going to diminish.

The roundtable brought together over 60 participants from 35 companies, including Senior leadership of energy majors like Exxonmobil, Chevron, Chieniere, Lanzatech, Honeywell, BakerHughes, Emerson, Tellurian to name a few. Indian Energy PSUs also attended the event.

In a series of tweets, the minister stated that the immense potential between the two countries in areas of biofuels, gas based economy, green hydrogen, petrochemicals & upstream sectors is evident and is being furthered by collaboration by our private sector companies.

He further stated, “Due to reform measures by the Modi-led Government, there is unprecedented interest in Indian E&P by global oil companies.”

The discussion was concluded with broad-based support from the participants to push forth with potential partnerships which will bring the best-in-class technologies in both traditional energies and new energies to India.  (KNN Bureau)