Continuous Balanced Investment Key to Energy Transition: Hardeep Singh Puri

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Bhupendra Singh Chundawat

Continuous Balanced Investment Key to Energy Transition: Hardeep Singh Puri

New Delhi witnessed the formal inauguration of ‘India Energy Week 2026’ on Tuesday, highlighting the critical need for sustained and balanced investment to achieve successful energy transformation.

Speakers at the event emphasised that India Energy Week has rapidly evolved into a global platform that converts energy-related discussions into tangible actions. Bringing together policymakers, energy producers, consumers, technology companies, and investors, the forum aims to address the significant changes underway in the global energy sector.

In the opening session, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, stated that energy transition will only succeed with continuous and balanced investment. He clarified that energy transition does not merely mean phasing out old sources but also integrating new and clean energy sources. Investment in oil, gas, biofuels, green hydrogen, LNG, and clean fuels is essential.

Minister Puri highlighted India’s progress under Prime Minister Narendra Modi’s leadership towards energy security, self-reliance, and climate justice. He noted that reform-based policies have strengthened energy availability, affordability, and sustainability across the country.

The minister also shared that India has opened large sedimentary basins for exploration and continues to conduct bidding rounds under the Open Acreage Licensing Policy (OALP) and Discovered Small Fields (DSF) to attract global investors.

He pointed to the rapid expansion of LPG coverage, clean cooking facilities, and diversified energy mix as reflections of India’s inclusive growth policy, ensuring affordable and reliable energy access across all sections of society.

From the international front, Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, remarked that global energy demand is undergoing significant transformation. Emerging markets, digital technologies, and integration of diverse energy systems play crucial roles. India stands at the centre of these global trends and will shape energy demand in the coming decades.

Al Jaber warned that the biggest threat to the global energy system is insufficient investment. He called for balanced investment across all energy types to maintain energy security, affordability, and stability. Praising the India-UAE energy partnership, he noted ADNOC’s role as a reliable supplier of crude oil, LNG, and LPG to India.

Goa Chief Minister Pramod Sawant welcomed the delegates and described India Energy Week as a global platform transforming ideas into action. He revealed Goa’s goal to achieve 100% renewable energy by 2050 while maintaining a balance between the green economy and blue economy.

The event underscored India’s emergence as a responsible global energy hub offering practical, inclusive, and scalable solutions. Accelerating the global energy transition requires international cooperation, innovation, and investment as key enablers.

India Energy Week serves as the country’s premier global energy forum, uniting government, industry, and innovators to work towards a secure, sustainable, and affordable energy future. As a neutral international platform, it promotes investment, policy coordination, and technological collaboration, shaping a new trajectory for the global energy landscape.

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