Hardeep Singh Puri met with the US Assistant Secretary of State for Energy Resources.
New Delhi:
Minister of Petroleum and Natural Gas Hardeep Singh Puri met with US Assistant Secretary of State for Energy Resources Geoffery Pyatt during GasTech 2024 in Houston.
The two leaders reviewed existing energy cooperation and decided to explore ways to further strengthen bilateral cooperation in the energy chain, with a view to a “just and orderly energy transition”.
During the meeting, Mr. Puri and Mr. Pyatt discussed how the energy cooperation between two countries is being strengthened through collaboration between institutions and companies from India and the US.
Sharing details about his meeting with Geoffery Pyatt, Hardeep Singh Puri said, “Today I met my friend of over three decades and also US @AsstSecENR Mr. Geoffery Pyatt at #GasTech2024 in Houston.”
“We reviewed the existing energy cooperation and agreed to explore ways to further strengthen bilateral cooperation in the energy value chain for a just and orderly energy transition. We also discussed how our cooperation in the energy sector will become both broader and deeper thanks to the excellent cooperation between institutions and companies on both sides,” he added.
I have known my boyfriend for over three decades and the US @AsstSecENR Mr Geoffery Pyatt at #GasTech2024 today in Houston.
We reviewed existing cooperation in the energy field and agreed to explore ways to further strengthen bilateral cooperation in the energy chain for a fair and orderly energy supply. photo.twitter.com/SOrgaRA95A—Hardeep Singh Puri (@HardeepSPuri) September 17, 2024
Hardeep Singh Puri, who is visiting the US, inaugurated the India Pavilion at GasTech. He noted that the Indian companies present at the GasTech event showcase their latest technological developments, capabilities and future opportunities to collaborate and invest.
In a post on X, Mr. Puri wrote: “We are excited to open the India Pavilion, marking a strong presence of Indian energy sector entities at @GastechEvent, the world's largest event for the natural gas, LNG, hydrogen, low carbon solutions and climate technology industries in Houston.”
“As India moves towards energy independence under the leadership of Prime Minister @narendramodi Ji, Indian companies present in large numbers at this landmark event showcase their latest technological developments, capabilities and future opportunities for collaboration and investment,” he added.
The Oil and Gas Minister also participated in a ministerial panel at GasTech 2024, along with Egyptian Minister Karim Badawi, Nigerian Minister Ekperikpe Ekpo, Turkish Minister Alparslan Bayraktar and US Assistant Secretary of State for Energy Resources Geoffery Pyatt.
He argued that without India's proactive approach, the world could have faced a more serious energy crisis. He noted that India's energy demand is expected to grow at a compound annual growth rate of about 3 percent per year through 2040 and is expected to double by 2050.
In a post on X, Mr Puri stated: “Delighted to participate in a ministerial panel with fellow ministers from Egypt HE Karim Badawi, Nigeria Rt Hon Ekperikpe Ekpo & Turkiye HE Alparslan Bayraktar & @AsstSecENR Mr Geoffrey Pyatt in a session on “From Mitigation to Adaptation: Navigating Volatile Geopolitics in a Fragmenting Global Order” moderated by Prof John Defterios, @NYUAbuDhabi at @GastechEvent, the world’s largest event for the natural gas, LNG, hydrogen, low carbon solutions and climate technology industries in Houston. I spoke about how emerging markets are reshaping the global energy landscape, with nearly 80 percent of the increase in global energy demand expected to come from emerging economies by 2045.”
“This increase in demand is leading to substantial investments in both conventional and renewable energy sources. Without India's proactive approach, the world could have faced an even more severe energy crisis. India is the fastest growing large economy in the world, consumes about 5 mb/d of crude oil, 67 million people visit petrol stations in India every day. India's energy demand is expected to grow at a compound annual growth rate of about 3% per annum by 2040 and is expected to double by 2050. India has adopted a pragmatic and balanced approach that emphasises climate commitments while safeguarding national interests under the leadership of Prime Minister @narendramodi Ji,” he added.
Highlighting the measures taken by India to increase domestic production, Mr. Puri further said in a message on X, “We have taken several measures to enhance domestic production, diversify supplies and accelerate the adoption of low-carbon solutions such as biofuels, electric vehicles and hydrogen. Our initiatives such as the International Solar Alliance (ISA) and the Global Biofuels Alliance (GBA) illustrate the power of global partnerships in accelerating clean energy deployment.”
Earlier on Monday, Hardeep Singh Puri and U.S. Secretary of Energy Jennifer Granholm hosted the Strategic Clean Energy Partnership (SCEP) Ministerial, where they welcomed progress made under the partnership to spur clean energy innovation, strengthen energy security and accelerate the clean energy transition.
During the meeting in Washington DC on Monday, both sides discussed initiatives undertaken within the technical pillars of the SCEP, including energy efficiency, responsible oil and gas supply, renewable energy, emerging fuels and technologies, and sustainable growth.
“The Ministers welcomed the progress made under the partnership to boost clean energy innovation, strengthen energy security and accelerate the clean energy transition, including through more focused efforts on clean energy production and building resilient, responsible, stable, secure and diversified supply chains,” the Ministry of Petroleum and Natural Gas said.
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