Petroleum Economist’s Editor-in-Chief, Paul Hickin, with Hardeep Singh Puri, India’s minister for petroleum and natural gas
India says doors wide open for energy investment
Hardeep Singh Puri says upstream oil is vital as country goes all out to boost its energy sector across E&P, gas, biofuels and hydrogen amid booming demand
“Our upstream strategy is not just a push. It is a strong imperative,” Indian energy minister Hardeep Singh Puri told Petroleum Economist in an exclusive interview, explaining how exploration and production is a vital cog in India’s energy wheel. Puri pointed out there is a danger when oil prices are relatively stable that countries can be lulled into complacency. “If you can access energy at a cheap price, why should one make major investments to do E&P? India has learned the hard way,” the minister of petroleum and natural gas said in a one-to-one discussion on the sidelines of India Energy Week in February. Puri said that, while many economies have fallen into the complacency trap, In
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
