India's Ambitious Exploration Goals and Transition towards Green Hydrogen
Key Ideas
  • Union minister Hardeep Singh Puri outlines India's goal to increase sedimentary basin coverage to 16% by 2025 and explore 1 million sq km by 2030.
  • Reforms including reducing approval processes, transitioning to Revenue Sharing Contracts, and establishing a Joint Working Group to enhance industry ease of doing business.
  • Focus on green hydrogen with projects to blend hydrogen in pipelines, localize electrolyser tech, and position India as a global hub for green hydrogen production.
  • GEO India 2024 hosts 2,000 participants, emphasizing innovation, sustainability, and collaboration to address future energy challenges.
Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, highlighted India's ambitious exploration goals at GEO India 2024 in Greater Noida. The country aims to increase sedimentary basin coverage to 16% by 2025 and explore 1 million square kilometers by 2030. Puri emphasized the critical role of energy in driving India's economic growth, with a focus on energy security and self-reliance. Reforms such as reducing approval processes, transitioning to Revenue Sharing Contracts, and establishing a Joint Working Group aim to enhance industry practices. Puri also showcased India's green hydrogen initiatives, positioning the country as a global hub for green hydrogen production and export. The event, with 2,000 participants, emphasized innovation, sustainability, and collaboration in tackling future energy challenges.
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