Petroleum ministry warns against curbs on hydrocarbon investments

India should stick to its position that further investment in developing and extracting oil and gas resources is needed in tandem with the exploration of carbon-free alternatives at the upcoming global COP28 climate change summit in the UAE, Petroleum Ministry officials said. This stance has been part of the Ministry’s recommendations to inter-ministerial consultations on

India committed to increase hydrocarbon production

Petroleum Minister Hardeep Puri said that India remains focussed on energy efficiencies, laying impetus on fuels of the future, including biofuels and hydrogen as well as increasing the use of renewable energies. Speaking at the inauguration of the India Energy Week in Bengaluru, the petroleum minister said that the government is taking transformative measures to

Clean hydrogen is opportunity for countries with abundant hydrocarbon resources

Hydrogen could play an important role in helping hard-to-abate sectors meet climate targets. Countries with hydrocarbon resources and industry expertise can help build and scale the needed technology. According to McKinsey research, total hydrogen demand can reach 600 to 660 million tons by 2050, abating more than 20 percent of global emissions. That said, realizing

Egypt takes a move towards green path

World Bank’s data from 2015 and Fitch Solutions’ data from 2020 revealed Egypt’s renewable sources only accounted for 3.4 per cent of the country’s energy mix in 2019. A social media account called Egypt Facts and Numbers, a collaboration between United Nations Development Program and Egypt’s Ministry of Planning revealed in late December its share