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Indian Petroleum Minister stresses upon energy secure world

Bhubaneswar: Minister of State for Petroleum and Natural Gas (Independent Charge) Mr Dharmendra Pradhan has stressed upon the Indian view of ‘Vasudev Kutumbakam’ while exhorting world leaders to ensure that no one should be left behind in the journey of growth and progress due problem in energy front. 

Addressing the 21st World Petroleum Congress on ‘Energy Strategies for a Growing World’ at Moscow on Sunday, the Indian Petroleum Minister said that the energy policy must serve broader economic growth and its benefits should not exclude the poor and the vulnerable. 

He outlined the importance of innovation, partnerships, simplification of the regulatory regimes, rule of law, promotion of renewable energy in achieving goals of energy security in line with the priorities of the new government led by Prime Minister Narendra Modi.

Mr Pradhan said the effort must focus on promoting fiscal and regulatory regimes that are stable and equitable to both investors and owners of natural resources. He called for enhancing technology collaboration across the value chain since the nations have to delve deeper and explore in more difficult areas for oil and gas, including shale gas and tight oil.

His visit to Moscow, Mr Pradhan said, has given him an opportunity to renew the deep and multifaceted ties between the two countries.  Russia has always been a longstanding, time-tested friend and a strategic partner and energy is an essential element of our relationship. We look forward to working further in this sphere.

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