New Delhi, April 2 (IANS) The government has set a target of increasing domestic crude oil production to 35 million metric tonnes by 2030 from 29 million tonnes at present to meet the rising demand for petroleum products in the country, Parliament was informed on Thursday.The government has been taking various steps to boost domestic oil and gas production and reduce dependence on crude oil imports, which, inter-alia, include the adoption of a policy under the production sharing contract (PSC) r…
Latest Energy Demand News & Updates
New Delhi, March 26 (IANS) With a new Strategic Energy Partnership on the table after Prime Minister Mark Carney’s visit to New Delhi, India and Canada now have a chance to turn climate diplomacy into hard infrastructure across solar, hydrogen, wind, and low‑carbon LNG which has the potential for setting a model for North–South energy cooperation, according to an article. India has committed to 500 GW of non‑fossil power capacity by 2030, which requires adding another 40–50 GW of clean…
New Delhi, March 20 (IANS) As the West Asia crisis escalates, the International Energy Agency (IEA) on Friday set out a range of demand-side actions — including work from home and avoiding air travel — for governments, businesses and households to alleviate the economic impacts on consumers.Among the immediate actions to reduce demand is work from home where possible — displacing oil use from commuting, particularly where jobs are suitable for remote work.Where possible, switch to other mo…
New Delhi, Feb 10 (IANS) India must move beyond adding solar capacity to transform its energy system, with distributed solar, storage and smarter grids to meet an expected rapid surge in demand, according to a new report.A report from Tata Power said that by 2035, solar will be at the “heart of India’s competitiveness, powering industries, energizing communities, shaping smart cities, and creating millions of livelihoods.”India will witness the largest increase in energy demand worldwide in the …