Showing posts with label gas. Show all posts
Showing posts with label gas. Show all posts

Friday, February 14, 2025

IEW 2025 Days III & IV: India's quest for a gas economy

Over the course of Thursday and Friday - days III & IV - of India Energy Week 2025 that put us on the home stretch of the global event, conversations turned more meaningfully towards the Indian government's assertion of placing a 'gas economy' at the heart of its march to net zero by 2070. 

What many in the industry choose to describe as a 'bridging fuel', is a medium the Indian government, and indeed many others, appear comfortable in embracing to wean them off coal and help with a shift to more sustainable sources. 

In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. Yours truly had the pleasure of reconnecting with the Minister and interviewing him for Forbes to discuss a host of energy related issues. Have a read here if you wish

In its collaborative transformation of the energy mix, the current Indian government is carefully examining the US shale revolution. Shale has already greatly changed the rules of international oil and gas trade and geopolitics, with the US making a significant shift from conventional to non-conventional oil and gas fields.

To this effect, the Oilholic hosted a Day III session titled "Harnessing the force of shale oil and gas in building future global energy systems."

Eminent panellists included Barnali Barua Tokhi, MD, Bharat PetroResources Ltd, Rahul Patel, MD and CEO, Transcontinental Energy Services, Trailukya Borgohain, Director (Operations), Oil India Ltd. 

The panel explored emerging concepts in exploration, extraction and distribution that have triggered a global shift in how untapped shale oil and gas resources are used, helping to fill energy supply gaps and change market dynamics. 

As it appears, the world’s remaining proven hydrocarbon reserves, 70% of oil and 45% of gas are considered unconventional. So, how they are tapped matter greatly. The panellists discussed how technological advances have now made many significant reservoirs of recoverable shale resources available to develop in multiple locations worldwide.

As the event neared its close on Day IV, focus also turned to STEM talent and process efficiencies achieved by the industry by deploying industrial AI. And, of course, to the deals that rained at the event as the great and the good of the global energy world queued up to ink agreements in India over the course of the week. 

Signature deals, among several moves, included BP's technical partnerships with EIL and ONGC, BPCL's agreement with Petrobras for 6 million barrels worth of exports to India, and, IOCL and ADNOC's long-term agreement for LNG up to 1.2 mmtpa from 2026 for 14 years.

And here are yours truly's thoughts via Forbes, based on conversations here, on climate finance and the trillions required if the world is to meet its net zero emissions targets. 

Finally, before bidding goodbye to Delhi, the Oilholic also took time out from the hustle and bustle of the conference to provide some analysis, and sum up the goings-on at the event to colleagues at Energy Connects. Watch this space when the good folks at EC publish the interview. 

It's been an immense pleasure and a privilege to attend and speak at India Energy Week for the very first time. But its now time to bid goodbye to India until next year. More thoughts soon. Keep reading, keep it here, keep it 'crude'! 

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© Gaurav Sharma 2025. Photo I: India Energy Week 2025. Photo II: Gaurav Sharma at IEW 2025. Photo III: Gaurav Sharma (left) at the Energy Connects studio in conversation with the media outlet's Editor-in-chief Chiranjib Sengupta at IEW 2025© Gaurav Sharma 2025.

Thursday, February 13, 2025

IEW 2025 Days I & II: Reimagining the future of energy

The first two days of India Energy Week or IEW 2025 have whizzed by with several aspects of the event's core theme - reimagining the future of energy in India and the world - discussed widely at various panel sessions and forums. 

The event was inaugurated on Tuesday by the country's Prime Minister Narendra Modi who noted in his opening remarks that India's wider energy sector ambitions would depend on "key five pillars" - namely "resource availability, a skilled workforce, economic strength, political stability, and strategic geography."

He also reiterated his pledge of more than doubling India's current renewable energy capacity from its current level to 500GW by 2030. Here's The Oilholic's full report for Forbes on the opening remarks. 

Following the Prime Minister's keynote, day I of the event also saw India's Minister of Petroleum and Natural Gas Hardeep Singh Puri note that the world's energy transition journey can never be a straight cut exercise in resource replacement; rather a nuanced resource utilisation journey reliant on diverse supply chains banking on both  renewable and traditional sources. 

The event also saw several energy ministers from Brazil to Qatar hobnob with their counterparts and delegates on the first day, indicative of the interest in India's energy sector. 

Among them, rather curiously, was UK's eco-zealot minister Ed Miliband who attempted to portray to a foreign audience that he actually cared about the North Sea calling his country a "proud oil and gas producer." But - with his policy actions implying the exact opposite - was widely and rightly ridiculed back home

The event's exhibition floor also opened its doors with over 70,000 visitors expected here over the course of the week. Two themes instantly caught this blogger's eye - "Make In India" pegged to domestic manufacturing and Green Hydrogen, an admirable firm favourite of Minister Puri. 

Yours truly also kicked into gear on Day II by moderating a leadership panel session titled "Bridging the energy transition's investment gaps.

Eminent panelists included Bhupinder Singh Bhalla, Former Secretary of Ministry of New and Renewable Energy, Roberto Bocca, Head, Centre for Energy and Minerals, World Economic Forum, Hitesh Vaid, CFO of Cairn Oil and Gas, and Katan Hirachand, Chief Executive & Chief Country Officer - India, Societe Generale. (See below right for details, click on image to enlarge)

It was a fascinating discussion on climate finance acknowledging the complexities and opportunities of the energy transition and the mammoth task of underpinning global action by investment dollars,  trillions of which may be required according to some. Securing these would be the challenge of our age. 

Elsewhere on day II, other sessions touched on the reliable role of gas in the energy mix and discussed the familiar topic of technology as an efficiency enabler and facilitator of faster decarbonisation. 

Various aspects of India's energy ecosystem, its policy framework and investment drive were also examined, and how the global south could perhaps take some learnings from the country's approach over the last decade. That's all for now folks. There's plenty more to come from IEW 2025. So keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.
To follow The Oilholic on Forbes click here.
To follow The Oilholic on Motley Fool click here.

© Gaurav Sharma 2025. Photo I: Yashobhoomi Convention Centre, Delhi, India - the venue of IEW 2025. Photo II: 'Make In India' display at the IEW 2025 exhibition. Photo III: Gaurav Sharma at the Indian government's green hydrogen booth© Gaurav Sharma 2025. Photo IV: Detail of 'Bridging the energy transition's investment gap.' (Courtesy: dmgevents)