Speaking at the joint conferences of the 11th World PetroCoal Congress and World Future Fuel Summit today, Pradhan said that India’s energy demand is going to increase in the future, and it has taken a number of concrete steps that are shaping India’s energy transition pathways for a low carbon economy.
Talking about the Global Energy Outlook, the Petroleum Minister said that recently released reports by IEA, OPEC and British Petroleum indicate that the world total primary energy demand would increase at less than 1% per annum till 2040. On the other hand, India’s Energy demand would grow at about 3% per annum till 2040.
Pradhan said that ensuring access to clean cooking fuel to every household of the country has been a key strategy of Modi government for ending energy poverty.
During the last six years, the LPG landscape has completely transformed, the Minister said adding that the number of LPG Customers in 2014 was 14.5 crore, but has gone up to almost 29 crores in 2021.
Ujjwala yojana, which provided 8 crore connections to BPL households in a record time, has been a catalyst of socio-economic change and women empowerment, he added.
Talking about the gas based economy, Pradhan said that investment of 60 billion US dollars is underway for developing gas infrastructure which includes pipelines, city gas distribution and LNG regasification terminals.
On the issue of LNG, the Minister said that India became the third largest importer of LNG in October last year. “We are actively encouraging use of LNG for long-haul trucking along expressways, industrial corridors, inside mining areas, marine inland water-based applications.
The Minister also lauded the provision of setting up a National Hydrogen Energy Mission under the Union Budget this year. He informed that the Mission will help generate hydrogen from green power sources.