Union Minister for Petroleum and Natural Gas Hardeep Singh Puri addresses 25th Energy Technology Meet in Mumbai, reiterates commitment to concept of Net Zero

Sep 15,2022

India has fared extremely well on the three fronts of energy, food and fuel, even amidst global crises: Union Minister Hardeep Singh Puri

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri addressed the 25th Energy Technology Meet, organized by Centre for High Technology (CHT), under the aegis of Ministry of Petroleum & Natural Gas (MoP&NG), Government of India, in association with Hindustan Petroleum Corporation Ltd in Mumbai today.  The Minister highlighted India’s progress in ensuring energy security to its citizens and outlined the Government’s plans to make the country’s energy mix more sustainable and environment friendly.

Formerly known as the Refining and Petrochemicals Technology Meet, the Annual Energy Technology meet sees global participation with over 1000 delegates from India and abroad attending. The event which runs from 15th to 17th September this year, provides a platform for exposition of recent advances and technological developments that are of direct relevance to the Energy sector.  Under the theme of “Refining in the new Energy era”, the 25th Energy Technology Meet will focus on the changing energy landscape in the country.

Addressing the gathering, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said that despite the unique challenges posed by the current global setting, India is wedded to the concept of net zero and is committed to making a transition from the world of hydrocarbons to a world where green and sustainable energy will be determining our energy needs.

The Minister stated that in the wake of global crises, India has fared extremely well on three fronts - energy, food and fuel. The country was able to navigate out of the crises brought by global headwinds with a degree of confidence, assuring energy availability and affordability.  He said the country’s per capita energy consumption is one-third of global average now and will surpass it in the years to come. India is on a path to become a 10 trillion-dollar economy in 2030 and third largest economy in the world by 2047 and therefore there is a growing need to change the energy mix, he said.  He reiterated the Government’s resolve to not let anything undermine commitments towards green transition.

Highlighting the progress the country has made in the Energy sector, Hardeep Singh Puri said that today modernization and digitization have become an imperative rather than a choice. By May 2022, India already attained 10% biofuel blending, and is on course to reach the 20% mark in a year or two. He added that the Government’s attitude has always been positive and supportive and assured that whenever attention is drawn to any area where there is scope for a more supportive environment, interventions required to produce the same will be made.

Union Minister of State for Petroleum and Natural Gas, Rameswar Teli also addressed the delegates present and shed light on the country’s strides in the field of Petroleum and Natural Gas. He informed of the Government’s resolve to raise the share of Natural Gas in the country’s energy mix to 15% by 2030 from its current share of just above 6%. He added that the Government under the leadership of Prime Minister Narendra Modi has decided that 18 thousand Compressed Natural Gas (CNG) stations would be set up in the country by 2030. He also listed various other measures taken by the Government of India to ensure better availability of both CNG and (Piped Natural Gas) PNG across the country.

The 25th Energy Technology Meet will witness a total of 82 oral papers including 43 by foreign companies and 24 speakers from abroad, spread over 15 Technical Sessions. Additionally, 16 Exhibition Stalls are also put up by leading Oil Companies, technology / service providers showcasing their technology, product and services.