India Will Drive Demand In Energy Sector In 10-20 Years
- 21-May-2022
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‘We have a problem in the short run…a global economy with $110 a barrel of oil is not sustainable. The inflationary situation in the US is at a 50-year-high, neighbouring countries are in trouble…yet (in) India, thanks to the very strong political leadership and farsightedness of our people, there’s no energy shortage here,’ says Union Petroleum Minister Hardeep Singh Puri said on Saturday.
Puri was addressing a ‘Commerce and Industry 2.0’ session at the India Ideas Conclave in Bengaluru.
India will be the “critical driver of demand” in the energy sector in the next 10-20 years, Union Petroleum Minister Hardeep Singh Puri said on Saturday, adding that the measures the Indian government has taken during the pandemic, which includes steps for energy security, could ensure that the country achieves its $5 trillion economy target before 2030.
The minister said that with 60 million going to a petrol pump every day, and with a daily consumption of 5 million barrels a day, it’s the steps taken by the Indian government that will ensure energy security.
