UAE Leading Global Energy Sector Transformation, Says India’s Petroleum Minister
Shri Hardeep S Puri emphasizes UAE’s green hydrogen role, India-UAE energy ties, and AI’s impact at ADIPEC
UAE Leads Global Energy Sector Transformation, Says India’s Petroleum Minister at ADIPEC 2024
November 6, 2024
ABU DHABI: Shri Hardeep S Puri, India’s Minister for Petroleum and Natural Gas and Minister for Housing and Urban Affairs, has emphasized the UAE’s leadership in the global energy sector, describing it as the first major energy producer to have made significant strides. In the energy conversion phase.
In a statement to the Emirates News Agency (WAM) on the sidelines of the 40th edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2024), Puri said the UAE is at the forefront of green hydrogen production and addressing critical minerals. , noting that the country has an exceptional energy mix.
He highlighted the close cooperation between India and the UAE in various economic sectors, especially energy, and predicted the development of bilateral trade relations that would benefit the region and the world. This occurs as the two nations are establishing a number of trade and economic alliances.
Puri cited the recently signed long-term agreement with ADNOC to supply one million metric tons of gas annually to India through Indian Oil Corporation Limited ports, stating that this collaboration opens up very significant opportunities as India’s natural gas consumption continues to grow. collaboration between India and the United Arab Emirates.
Regarding India’s energy landscape, India’s petroleum minister revealed his country’s intention to increase the share of natural gas in its energy mix from 6 to 15 percent by October next year. He affirmed that the UAE and India have vast potential to expand cooperation.
Additionally, Puri highlighted the transformative impact of artificial intelligence (AI) on the energy sector and called it a “game-changing tool”. AI is currently being used in India’s energy and other economic sectors, these technologies are not only changing the environment but also shaping ideas for more creative and efficient approaches to energy related issues.
Puri commented on the significant presence of Indian energy companies at ADIPEC 2024, stating that the show is a crucial forum for sharing energy and advanced technology best practices, promoting business conversations, and concluding agreements that will influence the world’s energy scene.
