India says oil, gas energy ‘baseload’ for foreseeable

India says oil, gas energy ‘baseload’ for foreseeable

London, 4 February (Argus) — India will continue to meet the "baseload" of its energy requirements with oil and gas "in the foreseeable future," even as the world's third-largest energy consumer accelerates efforts towards net-zero emissions by 2070, oil minister Hardeep Singh Puri said today.

Speaking at the World Energy Policy Summit 2022, the minister reiterated New Delhi's commitment to energy transition and its intentions to increase domestic oil and gas production.

"We have declared an ambitious target to increase area under exploration and production to 0.5mn km² by 2025 and achieve 1mn km² by 2030," Puri said.