In our first episode, listen to our Honourable Union Minister for Housing & Urban Affairs and Petroleum & Natural Gas and Union Minister for Housing & Urban Affairs, Shri Hardeep Singh Puri talk about India Energy Week, a momentous gathering of 30,000+ energy professionals from 100+ countries, which was held in Bengaluru from 6th - 8th February 2023.Transcript:BPCL podcast, unlocking possibilities, empowering lives.Melbin: Hello and welcome to the BPCL podcast ‘Unlocking Possibilities, Empowering Lives’. My name is Melbin and in this series of podcasts, you can listen to conversations with thought leaders from the industry, on the future of the energy landscape. Joining us on this episode is the Honourable Union Minister for Housing & Urban Affairs and Petroleum & Natural Gas, Shri Hardeep Singh Puri, who spoke with us during the India Energy Week, which was held in Bangalore from 6th to 8th February 2023. Welcome to the first episode of the BPCL PODCAST Sir!Shri Hardeep Singh Puri: Thank you very much.Melbin: Really looking forward to speaking to you and my first question to you Sir, What are the key takeaways from India Energy Week 2023?Shri Hardeep Singh Puri: The key takeaway, I think, is that you have a platform where India's rapidly growing demand for energy, where India's four-pronged strategy, increasing ENP, acquiring assets, accelerating transition through biofuels, green hydrogen, all that is being discussed. And the very fact that you are doing a podcast on this issue thinks that it is going from government policy and permeating into the consciousness of people. So that's a very big take. And it's not a one-time conversation. We are going to do it on a continuous basis, year on year, so it’ll become an institutional event. Melbin: Right. Also Sir, the government is actually adopting multiple pathways to achieve its, bold commitment to, you know, becoming net zero by 2070. So what do you think is India’s roadmap with regard towards energy transition?Shri Hardeep Singh Puri: We have a four-pronged strategy and India's roadmap because India will succeed. Other countries in the world, especially in the global south, can follow. Melbin: This really must be quite an amazing feeling Sir, to see that the world is now looking upto India to play a pivotal role in global energy markets. How do you see this phenomenal event that is the India Energy Week panned out?Shri Hardeep Singh Puri : There's a lot of interest. There are representatives of 50 countries who are here. There are 35 ministerial-level representatives. The CEOs of all the major global companies or their equivalents or number twos are here. All the Indian CEOs are here. Anybody who is associated as a stakeholder with the energy sector is here. So why is this so? One, I think because there is widespread acknowledgment that India is where demand and growth is very evident, and in the coming two decades you'll find that India will be the place where the exponential growth will take place. Somebody mentioned to me, that between 2020 and 2040, India will account for 25%, at least, of the growth in international demand for energy. Now, if it was only a question of demand and imports, that would be a different story. India has demonstrated it has opened up 1 million square kilometers out of the 3.5 million square kilometers of sedimentary basin for exploration and production. It's not only just opened up, it has set up a national data repository and the data available is available to anyone. We are not telling people you come and invest and then we will take over, you come and invest,you come and explore. We will incentivize your investment. So, ENP is growing, demand ENP, the transition to Green Energy. The Honorable Prime Minister, this is Energy Week three major initiatives he took, solar cooktop, E 20 Fuel, a rally, which is of not just E 20 cars, many of the vehicles which were there were E 85 vehicles, flexi fuels. So India is a place where it's happening. So I’ll share something with you. When we were planning this event, some people turned around and asked me, you know, when you go to some of these events in the Gulf, there's a lot of buzz and excitement. What will happen to India? I said, welcome to India. You know, we have a capacity. If you are expecting a thousand, you'll get 5,000 people. So I think that is what you are witnessing here just now.Melbin: Indeed sir, I am really proud. I’m sure all Indians are very proud. India really is the place and it's quite happening these days, as our Hon’ble Prime Minister Shri Narendra Modi said that India's Energy Plan aims to ensure energy justice. Can you elaborate on energy Justice?Shri Hardeep Singh Puri : Energy justice is very important because there was a session on what do you mean by energy security? Now, I took the liberty of telling them that if you were having a discussion on energy security one or two years ago, in the midst of all the global uncertainty,...
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8 min