India's Rising Role in Global Hydrogen Energy: A Vision for Future Energy Leadership
Key Ideas
- India, under the leadership of Union Minister Hardeep Singh Puri, is strategically positioning itself as a global leader in hydrogen energy production and exports.
- Key initiatives such as hydrogen blending, localisation of electrolyzer-based technologies, and promotion of bio-pathways for green hydrogen are driving India's advancement in the hydrogen market.
- The country's focus on balancing availability, affordability, and sustainability in its energy strategy is highlighted as a crucial element for future growth and development.
- India's significant strides in enhancing energy security through intensified exploration activities and plans to expand exploration acreage to 1 million square kilometres by 2030 showcase a transformative vision for the energy sector.
Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, envisions India as a significant player in the global hydrogen market. Highlighting key strategic projects such as hydrogen blending in natural gas pipelines and promoting green hydrogen production through bio-pathways, India is on the path to becoming a leader in hydrogen energy production and exports. With a current energy demand of 5.4 million barrels per day, projected to reach 7 million barrels daily by 2030, India is emphasizing the need for sustainable energy solutions. Puri underlined the country's energy security efforts, focusing on intensified exploration activities to tap into its significant crude oil and natural gas reserves. Plans to expand exploration acreage to 1 million square kilometres by 2030 and upcoming awards under the Open Acreage Licensing Policy (OALP) signify India's commitment to energy growth. The GEO India 2024 event aims to gather geoscientists to drive India's energy revolution, ensuring energy security for its citizens and meeting future challenges. With a positive sentiment towards hydrogen energy and a vision for sustainable energy leadership, India is poised to make significant contributions to the global energy landscape.