India will contribute 25% of global energy demand over the next two decades, said Hardeep Puri at GasTech
New Delhi| India’s Energy Minister Hardeep Puri told a multinational conference held in Houston to deliberate on the world’s energy needs that India will contribute 25 per cent to global energy demand over the next two decades. Held on the theme ‘Transforming Energy through Vision, Innovation and Action’, the event focused on the need for global energy sustainability and rapid decarbonization.
In his keynote address, Union Petroleum and Natural Gas Minister Hardeep Singh Puri stressed India’s increasingly influential role in the global energy scenario. “If global demand is increasing by one percent, our demand is increasing three times faster”, he said. India will contribute 25 percent to global growth in energy demand over the next two decades” He presented India’s challenge as “energy triadism”. He stressed the need to strike a balance between availability, affordability and successful green transition. “We have full confidence in our ability to manage the green transition and achieve success in it”, Puri said
The inaugural ministerial panel of the conference included officials from the US, India, Egypt, Nigeria and Turkey, who deliberated on important geopolitical and industry challenges. US Assistant Secretary of State for Energy Resources Geoffrey Pyatt stressed the role of the United States in stabilizing global energy flows and promoting international cooperation. “With America’s unprecedented energy abundance we are in a position to play a central global role, working closely with our international partners”, Piatt said
Egyptian Minister Karim Badawi talked about his country’s strategic position as a major energy gateway and stressed the need to create an investment-friendly environment. Ekperikpe Ekpo, Minister of State for Petroleum Resources of Nigeria, underlined the unique natural gas opportunities of the African nation. Industry leaders, including Chevron CEO Mike Wirth and Chenier Energy CEO Jack Fusco, discussed the impact of India’s energy policies on global strategies.
Wirth called for dialogue on the energy future, while Fusco stressed the need for adaptable business models to meet emerging energy demands and climate targets. The discussion also focused on natural gas and LNG, with India’s significant investments shaping the global economic landscape.
ConocoPhillips CEO Ryan Lance stressed the important role of natural gas in promoting economic growth and technological progress. The Hydrogen Conference and the Climate Technology and AI Conference showcased India’s growing influence in hydrogen and new energy technologies.
