Union Minister of Petroleum and Natural Gas Hardeep Singh Puri with the Bolivarian Republic of Venezuela Minister of Petroleum and VP Delcy Rodriguez, OPEC Secretary General Haitham Al Ghais, and First Deputy Minister of Energy of the Russian Federation Pavel Sorokin at India Energy Week 2025, in New Delhi on Tuesday
| Photo Credit: PIB
Union Minister for Petroleum and Natural Gas H.E. Hardeep Singh Puri said India was planning to increase the usage of liquified natural gas (LNG) from 6% to 15%, for which long-term agreements have been signed with Qatar.
Mr. Puri was inaugurating the third edition of the India Energy Week 2025 at the Yashobhoomi Convention Centre in New Delhi on Tuesday (February 11, 2025). Stating that India was not facing any energy deficit, he said as part of adopting clean energy, the country was installing massive LNG storage infrastructure and increasing the production of bio fuels to help achieve 20% usage of green energy. The bio fuel adoption is planned to be achieved through the provision of incentives and subsidies for electrolysers, he added.
The Union Minister pointed out that as part of having a diversified portfolio of energy requirements for long-term purposes, 500 million tonnes of biofuel feedstock will be used, along with the scaling of hydrogen energy to achieve 5 million metric tonnes by 2030. Under this hydrogen project, $96 billion was pumped into hydrogen investments, and for LNG, $30 billion, in refining and petrochemical expansion.
India has achieved 100% electrification and has made a mark in providing access to clean cooking in the country through the Pradhan Mantri Ujjwala Yojana (PMUY), Mr. Puri said.
After participating in a session on ‘Shaping the new world energy order and trade map’, he launched the open acreage licensing policy X, in which 25 blocks measuring 1,91,986 sq. km were identified for hydrocarbon exploration and licensing policy in the country.
Published – February 12, 2025 11:05 am IST
