India and the United States agreed to explore ways to further strengthen bilateral cooperation in the energy value chain to achieve a just and orderly energy transition as Indian Minister Hardeep Singh Puri met US Assistant Secretary for Energy Resources Geoffrey Piatt.
Petroleum and Natural Gas Ministers Puri and Piyat met at the 52nd International Gas Exhibition and Conference in Houston.
“Met with my good friend of over thirty years, Mr. Geoffery Pyatt, Assistant Secretary of the US Department of Energy, today at #GasTech2024 in Houston. We reviewed existing energy cooperation and agreed to explore ways to further strengthen bilateral cooperation across the energy value chain to achieve a just and orderly energy transition,” Puri said in a post on X.
They also discussed how U.S.-India cooperation in the energy sector continues to expand and deepen thanks to good collaboration between institutions and businesses on both sides.
“Great to meet my friend @HardeepSPuri and his team. Today at #Gastech we discussed investments, India’s exploration potential and collaboration between Indian companies and international partners,” Pyatt said in a post on X.
In a session titled “From Mitigation to Adaptation: Navigating Turbulent Geopolitics in a Divided Global Order,” Puri spoke about how emerging markets are reshaping the global energy landscape, with nearly 80% of global energy demand growth by 2045 expected to come from emerging economies.
He said the surge in demand is driving massive investment in both traditional and renewable energy sources.
“Without India taking proactive steps, the world could face a more severe energy crisis,” Puri said.
India is the world’s fastest growing large economy, consuming about 5 million barrels of crude oil a day. 67 million people visit gas stations every day. He said India’s energy demand is expected to grow at a compound annual growth rate of about 3% by 2040 and double by 2050.
Puri added that under the leadership of Prime Minister Narendra Modi, India has taken a pragmatic, balanced approach, highlighting climate commitments while safeguarding national interests.
“We have taken several steps to increase domestic production, diversify supply and accelerate the adoption of low-carbon solutions such as biofuels, electric vehicles and hydrogen. Initiatives such as our International Solar Alliance (ISA) and the Global Biofuels Alliance (GBA) demonstrate the power of global partnerships to accelerate clean energy deployment,” Puri said.
He also met with Vimal Kapur, Chairman and CEO of Honeywell, and had an interesting discussion on the role of innovation and new technologies in low-carbon solutions.
They also discussed “promoting closer collaboration between Honeywell and Indian energy companies to explore opportunities across the green hydrogen value chain, including collaboration in biofuels – ethanol and compressed biogas, carbon capture and utilisation and storage (CCUS) and other potential production opportunities and investments.” (PTI)
“Met with my good friend of over thirty years, Mr. Geoffery Pyatt, Assistant Secretary of the US Department of Energy, today at #GasTech2024 in Houston. We reviewed existing energy cooperation and agreed to explore ways to further strengthen bilateral cooperation across the energy value chain to achieve a just and orderly energy transition,” Puri said in a post on X.
They also discussed how U.S.-India cooperation in the energy sector continues to expand and deepen thanks to good collaboration between institutions and businesses on both sides.
“Great to meet my friend @HardeepSPuri and his team. Today at #Gastech we discussed investments, India’s exploration potential and collaboration between Indian companies and international partners,” Pyatt said in a post on X.
In a session titled “From Mitigation to Adaptation: Navigating Turbulent Geopolitics in a Divided Global Order,” Puri spoke about how emerging markets are reshaping the global energy landscape, with nearly 80% of global energy demand growth by 2045 expected to come from emerging economies.
He said the surge in demand is driving massive investment in both traditional and renewable energy sources.
“Without India taking proactive steps, the world could face a more severe energy crisis,” Puri said.
India is the world’s fastest growing large economy, consuming about 5 million barrels of crude oil a day. 67 million people visit gas stations every day. He said India’s energy demand is expected to grow at a compound annual growth rate of about 3% by 2040 and double by 2050.
Puri added that under the leadership of Prime Minister Narendra Modi, India has taken a pragmatic, balanced approach, highlighting climate commitments while safeguarding national interests.
“We have taken several steps to increase domestic production, diversify supply and accelerate the adoption of low-carbon solutions such as biofuels, electric vehicles and hydrogen. Initiatives such as our International Solar Alliance (ISA) and the Global Biofuels Alliance (GBA) demonstrate the power of global partnerships to accelerate clean energy deployment,” Puri said.
He also met with Vimal Kapur, Chairman and CEO of Honeywell, and had an interesting discussion on the role of innovation and new technologies in low-carbon solutions.
They also discussed “promoting closer collaboration between Honeywell and Indian energy companies to explore opportunities across the green hydrogen value chain, including collaboration in biofuels – ethanol and compressed biogas, carbon capture and utilisation and storage (CCUS) and other potential production opportunities and investments.” (PTI)
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