India Poised to Lead Global Hydrogen Energy Production and Exports
Key Ideas
- India aims to become a global champion in hydrogen production through projects like hydrogen blending, localisation of electrolyzer-based technologies, and promoting bio-pathways for green hydrogen production.
- Minister Puri highlighted India's significant growth in fuel demand, projected to reach 7 million barrels by 2030, emphasizing the country's role in meeting global energy demand.
- Reforms in the oil and gas sector, including amending laws to enhance policy stability, promote ease of doing business, and increase domestic output to reduce reliance on imports, are part of India's strategy.
- A joint working group has been established to address industry concerns and improve the ease of doing business in the oil and gas sector, with a focus on resolving contractual matters and settling long-standing disputes amicably.
During the 6th South Asian Geo-science Conference and Exhibition in New Delhi, Union Minister Hardeep Singh Puri expressed India's ambitions to lead in global hydrogen energy production and exports. He highlighted initiatives like hydrogen blending, localisation of electrolyzer-based technologies, and the promotion of bio-pathways for green hydrogen production as steps towards this goal. Minister Puri also underscored India's remarkable growth in fuel demand, expected to reach 7 million barrels by 2030. The government's reform agenda in the oil and gas sector, including amendments to existing laws to provide policy stability, ease of doing business, and boost domestic output, aims to decrease reliance on imports. Additionally, a joint working group has been formed to address industry concerns and enhance the ease of doing business by resolving contractual matters and settling long-standing disputes amicably.
Topics
Production
Economic Growth
Energy Production
Dispute Resolution
Oil And Gas Sector
Fuel Demand
Policy Stability
Exploration And Production
India's Energy Demand
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