Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Tuesday emphasized that oil and gas will continue to play an important role in the energy sector, even as renewable energy becomes the dominant source.
PM said, "The coming two decades are extremely crucial for India, and in the next five years, we are set to achieve several major milestones. Many of our goals are aligned with the 2030 deadline. By 2030, we aim to add 500 GW of renewable energy capacity."
UK and India will announce closer working through the fourth UK-India Energy Dialogue to boost renewables and cut emissions. At India Energy Week, he will champion UK businesses and increase clean energy investment opportunities, as per an official statement.
Addressing a press conference a day ahead of the India Energy Week 2025, the Union minister recalled how India diversified its crude imports from 27 countries to 40 countries.
New Delhi [India], February 10: As AI-driven industries expand, energy security is becoming a critical challenge, Crown LNG, a major participant at India Energy Week 2025, is hosting a high-impact panel, "Gas for AI Transition in India - GATI", on Tuesday, February 11, 2025.
Scheduled to be held from February 11-14, 2025, IEW 2025 promises unparalleled global participation from Ministers, CEOs, and industry leaders. This would be the third edition.
"India has diversified its sources of Oil supply, earlier we were importing crude oil from 27 countries now we are importing from 39 countries. If I can buy some from some source and I can buy it at a cheaper price, we are the winners," the Union Minister said in a BBC interview.
India's refined crude demand will peak later than in other major economies, placing the country in the spotlight driving this demand, according to S&P Global Commodity Insights.
Indian Start-ups will showcase their innovations to over 70,000 energy professionals from 120 countries in the India Energy Week (IEW) Scheduled to be held on February 11-14 at Yashobhoomi, Delhi. There will be a special start-up pavilion at IEW 2025, demonstrating the breadth of innovation