India on energy transition to achieve ‘net carbon zero by 2070’: Hardeep Singh Puri
Landmark reforms in Upstream, Midstream, and Downstream sectors of Hydrocarbon Industry Undertaken: Hardeep Singh Puri
India has achieved – ‘One Nation-One Grid-One Frequency’.
Launched Global Alliance on Biofuels with USA & Brazil.
“Indian hydrocarbon industry is gravitating towards a new arena of development. Further, a 7.2% economic growth in FY 2022-23, indicates resilience in India’s economy despite multiple global headwinds during the year arising from economic and geo-political uncertainties”, said Union Minister of Petroleum & Natural Gas and Housing & Urban Affairs Shri Hardeep Singh Puri, addressing the august gathering of leaders, innovators media personnels’ and pioneers in the Oil and Gas Industry, at FIPI’s Oil & Gas Awards-2022 ceremony, last evening. Shri Rameswar Teli, Minister of State for Petroleum and Natural Gas & Labour and Employment; Shri Pankaj Jain, Secretary, MoP&NG were also present on the occasion.
Complimenting FIPI for felicitating the new clean energy initiatives taken up by Indian oil and gas companies, Shri Puri said, “This is my second FIPI award function and I am happy that this year more than 20 award categories including recognition to Phd. thesis from FIPI student chapters in new energy areas, is also featuring in the coveted list of awards. The sanctity of the awards is clearly evident from the grandness of the evaluation committee comprising of a former Secretary along with ex CMDs of Oil PSUs and eminent Scientists”, added the Petroleum Minister.
Talking further about the prestigious awards Shri Puri said that the FIPI Oil and Gas Awards have been created to provide an encouraging and motivating platform for all the participants to strive for excellence in their respective fields. Over the last few years, FIPI Oil & Gas Awards have emerged as the most prestigious awards for the Indian Oil & Gas Industry.
The Award categories ranges from Individual appreciation awards for Best Innovator, Best Women Executive, Young Achiever of the Year Award to Outstanding Performance in areas of Exploration and Production, Refining, Marketing, Digitalization & Sustainability, all of which envelope important aspects that lead to the symbiotic growth of the industry.
Addressing the gathering, Shri Puri said, that “India is undertaking an ambitious journey of energy transition culminating in India achieving ‘Net Zero Carbon’ by 2070. However, for the transition to be enduring and stable, it is imperative that the accessibility and affordability aspects of energy remain intact.
While we are only one of the G20 countries on course to achieve its Paris ambitions, we are also aware that in the coming decades, India’s energy base load will be met by hydrocarbons. In this context, Government of India has undertaken landmark reforms in the upstream, midstream, and downstream sectors of Hydrocarbon industry in India”, said Shri Puri.
Addressing the gathering, Shri Rameshwar Teli said, “In line with our Clean and Green energy vision under the Green Hydrogen Policy of Government of India, the target of production of same is 5 Million Tonne by 2030. The OMCs are working relentlessly to achieve it”.
Mr. Arun Kumar Singh, Chairman, FIPI in his welcome address said that FIPI is all set to play a role, more crucial than ever, to handhold our members to negotiate through the challenges of energy transition.
