January 08, 2025 08:58 pm (IST)
Follow us:
"Energy policy must serve broader economic growth"
New Delhi, June 16 (IBNS): Union Minister of State of Petroleum and Natural Gas Dharmendra Pradhan at the opening plenary session of the 21st World Petroleum Congress at Moscow on Monday stressed the Indian world-view of energy.
New Delhi, June 16 (IBNS): Union Minister of State of Petroleum and Natural Gas Dharmendra Pradhan at the opening plenary session of the 21st World Petroleum Congress at Moscow on Monday stressed the Indian world-view of energy.
He said that energy is one amongst five elements that are sacred to the Indian way of life and thus by definition needs to be sustainable and inclusive.
The Minister invoked the philosophy of Vasudev Kutumbakam to exhort world leaders to ensure that no one is left behind in the journey of growth and progress.
He emphasised that the energy policy must serve broader economic growth and its benefits should not exclude the poor and the vulnerable.
Pradhan outlined the importance of innovation, partnerships, simplification of the regulatory regimes, rule of law, promotion of renewable energy in achieving the goals of energy security in line with the priorities of the new government led by the Prime Minister Narendra Modi.
Pradhan said that our efforts must focus on promoting fiscal and regulatory regimes that are stable and equitable to both investors and owners of natural resources.
He called for enhancing technology collaboration across the value chain since we have to delve deeper and explore in more difficult areas for oil and gas, including shale gas and tight oil.
The Minister said that his visit to Moscow has given him an opportunity to renew the deep and multifaceted ties between the two countries. He said that Russia has always been a longstanding, time-tested friend and a strategic partner and energy is an essential element of our relationship, and we look forward to working further in this sphere.
The Minister later inaugurated the India Pavilion at the WPC Exhibition.
The World Petroleum Council is an international organization founded in 1933, and it organizes World Petroleum Congress (WPC) every three years.
It is the largest event in the petroleum and gas industry. The councils currently has 65 member nations, accounting for 95 percent of the world’s consumption and production of oil and gas.
The principal objective of the WPC is to promote management of world petroleum resources for the benefit of mankind. 21st WPC is being held at Moscow, Russia from 15-19 June, 2014.
Theme of the Congress is “Responsibly Energizing a Growing World”. The multidisciplinary nature of the congress covers the entire hydrocarbon value chain in upstream, mid-stream and downstream sectors. India is a member of the WPC represented by the Indian National Committee in the council, headed by the Hon’ble Minister of Petroleum and Natural gas.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Death toll from Tibet earthquake rises to 126, rescuers brave biting cold weather to save those trapped under debris
Wed, Jan 08 2025
Multiple earthquakes rock Tibet's Xizang region, 95 dead
Tue, Jan 07 2025
Thirty-two die after multiple earthquakes jolt Tibet, strong tremors felt in several Indian cities
Tue, Jan 07 2025
Dense fog covers Delhi-NCR; over 160 flights impacted, train ops hit
Sun, Jan 05 2025
World climate body says 2024 is set to be warmest on record
Tue, Dec 31 2024