Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, highlighted India’s accelerating transition to green energy, stressing its commitment to sustainable sources such as green hydrogen and electric vehicles (EVs).
Speaking at the FT Live Energy Transition Summit India, organised in collaboration with the Government of India, Puri outlined India's path towards reducing its reliance on crude oil imports and bolstering renewable energy initiatives.
India is well-positioned. The rates of transition to green energy are good, Puri remarked, adding that moving ahead 25% of the projected increase in global energy demand will come from India.
The country is currently demonstrating progress on various green energy fronts, and with energy demand three times the global average, the need for a sustainable transition is paramount.
Puri noted the government's efforts to push the natural gas mix from the current 8% to 15%, saying, "15% gas in the energy mix is feasible now.
He also underscored India’s achievements in ethanol blending, stating, "We are going to complete 20% ethanol blending by 2025, five years ahead of schedule.
While the focus shifts to green hydrogen and EVs, the minister assured that India’s refining sector will remain robust, with plans to expand refining capacity from 252 MMT to 400-450 MMT per annum.