India to drive growth in global energy demand

India will drive the growth in global energy demand, the country’s Minister of Petroleum and Natural Gas, Dharmendra Pradhan, disclosed on Wednesday in New Delhi.

The minister said this while addressing a webinar entitled ‘Vision 2030 for oil and gas sector for an Aatmanirbhar Bharat.’

He said that towards this end, an indigenous pathway had been laid to meet the country’s growing energy needs.

Pradhan also spoke about the transformative shift in India’s oil and gas sector and its stride towards greater self-reliance and a gas-based economy.

“India will drive the growth in global energy demand. We have laid out an indigenous pathway to meet the growing energy needs while ensuring energy sustainability and self-reliance,’’ he said.

Pradhan said that India was working towards a gas-based economy, policy reforms in the hydrocarbon sector and leveraging technology to develop new and renewable forms of energy.

“We want to ensure clean fuel for our citizens will not only create a greener society but also drive greater self-reliance,” the minister tweeted.

He further said that the days of monopoly were gone and with new policy reforms, a new wave of growth was expected in the country.

“The days of monopoly is gone. With policy reforms, new business models, level-playing field, greater involvement of startups, diversification of energy sources, India is set to ride the next wave of growth meeting the aspirations of its citizens,” Pradhan said.