India to rely on fossil fuels until 2040: Puri

India, the world’s No.3 oil importer and consumer, is expected to rely on fossil fuels until at least 2040 and is positioning itself as a refining hub, Oil Minister Hardeep Singh Puri said. While global refining centers are downsizing as energy transition progresses at an unpredictable pace, India’s rising daily crude utilization means it will rely on fossil fuels

Enough refining capacity in country to meet domestic needs: Puri

Union Petroleum and Natural Gas Minister Hardeep Singh Puri said there is no shortage of crude oil in the world and enough refining capacity in the country to meet the domestic requirements. Referring to geopolitical tensions in the Middle East, the minister said it was his personal assessment that things will calm down, noting that

India’s reliance on imported oil, natural gas grows

India’s reliance on imported crude oil and natural gas grew further in the first half of the current financial year as the delta between consumption growth and the more or less stagnant domestic production continued to widen. The country’s oil import dependency in April-September (H1) was 88.2 per cent, up from 87.6 per cent in

7th India-Germany IGC places emphasis on climate action

Prime Minister Narendra Modi and Federal Chancellor Olaf Scholz co-chaired the seventh round of India-Germany Inter-Governmental Consultations (7th IGC) on 25 October 2024 in New Delhi. Under the motto “Growing Together with Innovation, Mobility and Sustainability”, the 7th IGC placed particular emphasis on technology and innovation, labour and talent, migration and mobility, climate action, green

India to develop roadmap post-20% ethanol blending target: Hardeep Singh Puri

For the first time, India is hosting the 7th G-STIC (Global Sustainable technological and Innovation Community) Conference, which is being coordinated by TERI and VITO with assistance from eight other independent, non-profit technological research institutes. Under the overarching theme of “Harmonizing Technology, Policy, and Business Pathways for Sustainable Future and Coexistence,” the conference will discuss

RWE, AM Green Ammonia sign MoU to supply RFNBO-compliant ammonia from India

RWE Supply & Trading has signed a Memorandum of Understanding (MoU) with AM Green Ammonia B.V. (AMG) for the long-term supply of green ammonia from its plants based in India. It outlines the supply of up to 250,000 tonnes of green ammonia per year. The ammonia will be sourced from AMG’s production sites in Kakinada

India, US agree giving push to sustainable aviation fuel

India and the US have agreed to give impetus to sustainable aviation fuel, promote electrification of medium and heavy-duty vehicles and use of hydrogen in buses, tractors and heavy equipment, said a joint statement issued after the Strategic Clean Energy Partnership dialogue between the two nations. The two nations “welcomed increased investment in each country’s

Amid hike in demand for ethanol, India may become importer of corn

India’s push to produce more corn-based ethanol has turned Asia’s top corn exporter into a net importer for the first time in decades, putting pressure on local poultry producers and disrupting global supply chains. Traditionally, the poultry and starch industries used to absorb most of India’s approximately 36 million tonne of corn production. The surge

India announces partnership with the European Hydrogen Week

The second day of the International Conference on Green Hydrogen (ICGH-2024), held at Bharat Mandapam, New Delhi, witnessed the announcement of India’s exclusive partnership with the European Hydrogen Week, scheduled to be held in November 2024. The day highlighted India’s intent to address the green regulations of EU to boost exports. In addition, a Letter of Intent (LoI) was signed between

Karnataka a key driver in clean energy transformation in India: CEEW

Karnataka is set to be a major driver in India’s low-cost clean energy transformation, while ranking second in green hydrogen production and with the highest wind energy potential in the country. A study published by the Council on Energy, Environment and Water (CEEW) one of Asia’s leading research institutions and climate think-tanks states that with