Page 3 - Hardeep Puri

Israel-Hamas conflict: Don't expect disruption in supply lines, says Puri

Amid the ongoing Israel-Hamas conflict, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday said that there is no expectation of any disruption in supply lines for crude oil so far. Asked if the conflict can have an impact on oil supplies, Puri told reporters here, ".. so far, no expectation of supply lines being disrupted". "I am reasonably confident that both on issues related to availability and affordability that we can navigate forward. "I am confident that we will be able to manage and this for a variety of reasons. We have diversified our sources of supply. Earlier, we used to import from 27 countries, today we import from 39 countries," Puri said. Replying to a question, he said normally, the country consumes five million barrels per day. "Our imports from the Americas have increased. We buy USD 20 billion worth energy from them," he said in response to a question. Replying to a question if further reduction in fuel prices can be expected with festiv

Net-zero emissions target by 2070 little too long-term: Hardeep Puri

Union Minister Hardeep Singh Puri on Monday said achieving the net zero emissions target by 2070 is "little too long-term", indicating that the country may achieve the milestone ahead of the deadline. Under the net zero target, India will completely switch to renewables by 2070. Addressing the 26th Energy Technology Meet, Puri said: "Our net zero target by 2070 is a little too long-term." He is of the view that India is moving fast towards energy transition and stated that for GAIL, Bharat Petroleum Corporation Limited (BPCL) and others the energy transition target is 2035 to 2040. He explained that energy transition in India will first be from fossil-based to cleaner fuels and further to renewables. He also noted that global uncertainty is a dynamic driver for energy transition. On the Israel-Palestine conflict, he said such crises make the energy transition faster towards biofuel, renewables etc. Israel came under attack by Hamas militants on Saturday and since then, both side

Govt invites France's TotalEnergies to bid for oil exploration rights

India buys more than 84% of the oil it needs from overseas and is seeking to quickly develop its hydrocarbon reserves to reduce import dependence

Global Biofuel Alliance can turn India into export hub for SAF: Puri

India has enough feedstock, 1 percent blend will benefit 5 lakh farmers, Union Minister Hardeep Singh Puri told Business Standard

Dependence on cheap Russian crude oil will fall sharply: Hardeep Puri

India's consumption of Russian crude has soared since President Vladimir Putin's invasion of Ukraine in February last year, ousting Saudi Arabia and Iraq from the top spots

India working on enhancing oil refining capability: Oil Minister Puri

India maintained "affordability" of petroleum products notwithstanding disruptions in the global energy markets and the hike in prices of petrol and diesel in the last two years has been marginal compared to several large economies and neighbouring nations, Oil Minister Hardeep Singh Puri said on Friday. In an interaction with a group of reporters, he also slammed the opposition for attacking the government on oil prices saying the states ruled by it are selling petrol and diesel at higher rates compared to those governed by the BJP which significantly cut the VAT on petroleum products to bring down the rates. The oil minister also said that India is in the process of expanding its oil refining capabilities. India is already the world's fourth largest refining hub and we are going to end up as the second largest refining place, Puri said while highlighting the Modi government's success in areas of trade and foreign policy. "PM Modi's governance is transforming our foreign policy, .

PM Modi's visit to France, UAE not just 'high on optics': Minister Puri

The BJP on Sunday termed Prime Minister Narendra Modi's recent visits to France and the UAE "successful" and said they were not just "high on optics" but also "high on substantive outcomes". Prime Minister Modi on Saturday returned after "successful" visits to France and the United Arab Emirates. "The prime minister's visits to France and UAE were successful and outcome positive," Union minister Hardeep Singh Puri told reporters at the BJP headquarters here. It has been India flavour and India story in many parts of the world since the prime minister embarked on an official visit to the US, Australia, Egypt, France, the UAE and Japan starting in May, Puri said. "Certainly, all of these visits have very positive outcomes in both bilateral and multilateral arena, he said. "In terms of both the sheer momentum of our exchanges with the outside world and also the kind of events which are planned for the coming weeks leading up to the G20 summit, I think it's India flavour and India sto

Govt has put in eco-system for development of Green Hydrogen: Hardeep Puri

Hardeep Puri said," We have a natural advantage in producing Green Hydrogen as we have an abundance of solar energy and investments in our power grid

India aims to expand its annual oil purchases from Iraq: Hardeep Puri

India aims to expand its annual oil purchases from Iraq from 1 bn barrels currently, Oil Minister Hardeep Puri said on Twitter after meeting his Iraqi counterpart Hayan Abdel-Ghani in New Delhi

Govt undertaking energy transition to achieve Net Carbon Zero by 2070: Puri

Hardeep Singh Puri said the government is "acutely aware" of the need for a just and stable energy transition

Rahul engaging in 'irresponsible' discourse when country in grief: Puri

Hitting out at Congress leader Rahul Gandhi, Union minister Hardeep Singh Puri on Monday said it is disheartening to see him conducting "anti-national" programmes and engaging in "irresponsible" discourse at a time the entire country is united in grief after the deadly train accident in Odisha. Puri said the government was working tirelessly and within 51 hours of the accident, the railway lines were restored and arrangements were also made to aid the injured. The prime minister visited the accident site swiftly and three central ministers were there as well, he said. "Our nation mourns every single loss of life.... It saddens me that while we are working tirelessly, some are making irresponsible statements without considering the facts," he said. Addressing the Indian diaspora in the US at an event, Gandhi charged that the BJP and the RSS are "incapable" of looking at the future and Prime Minister Narendra Modi is trying to drive the Indian car by only looking in the rear-view mir

India, only major economy close to meeting Paris Agreement goals: Report

Balancing the energy trilemma, the report shows that India's policy reforms have fostered stability, and accessibility and is on the track for green transition

Smart Cities-the real incubators of the new urban India, says Hardeep Puri

During a parliamentary consultative committee, Minister of Housing and Urban Affairs updated on the progress of the 100 Smart Cities Mission, here's how we are doing so far

Investment opportunity of $30 bn in petrochemical sector: Hardeep Puri

India offers investment opportunity of USD 30 billion in the petrochemical sector over the next decade as the world's third largest energy consumer looks to meet growing demand, Oil Minister Hardeep Singh Puri said on Friday. Addressing Asia Petrochemical Industry Conference 2023 here, the minister highlighted that the size of the Indian chemical and petrochemcial sector is around USD 190 billion and it is poised for transformational growth. He rued that the per capita consumption is still low as compared to developed economies. Puri noted that the petrochemical sector has made a significant progress in recent years, becoming one of the largest producers of petrochemical products in the world. "The market size of the Indian chemical and petrochemical sector I'm told is about USD 190 billion. The per capita consumption of various chemical products and segments is significantly lower compared to the developed economies. And this gap offers substantial space for demand growth and ...

India's target of 20% ethanol blending advanced from 2030 to 2025-26

Puri said that the Centre has set a target to increase the share of gas in the energy mix up to 15% in 2030 to make India a Gas based economy

Ownership rights of 123 Waqf Board properties rest with Centre: Puri

Days after it decided to "absolve" the Delhi Waqf Board from all matters pertaining to 123 properties, including mosques, dargahs, and graveyards in the city, the Union Housing and Urban Affairs Ministry on Monday said that the ownership of these establishments already vests with the Central government. In a written reply to a question in Rajya Sabha, Union Housing and Urban Affairs Minister Hardeep Singh Puri said that progress of allotment of these properties for other purposes has not been initiated. "The ownership of the 123 properties already vests with the Government of India (61 with Land and Development Office and 62 with Delhi Development Authority), therefore the question of seizure of these properties does not arise," Puri said. The minister said that no representation or objections were made by the Delhi Waqf Board before the two-member Committee on the subject of de-notified waqf assets. "The Government intends to inspect all 123 properties in question. However, the ..

Will have International Biofuel Alliance before G20 summit: Hardeep Puri

To meet vice president of Guyana, which plans to reallocate key oil blocks, recruit exploration partners

This isn't time for war, says Hardeep Puri on Russia Ukraine conflict

Puri quoted the European ambassador's statement, "we don't care where India buys energy from but think India can help in bringing resolution to what's going on"

India, Mauritius discuss cooperation in area of urban development

India and Mauritius on Friday discussed cooperation between the two countries in the area of urban development and to strengthen it further.Union Minister for Housing & Urban Affairs, Hardeep Singh Puri met his Mauritian counterpart Louis Steven Obeegadoo and vowed to strengthen cooperation between the two countries."Received the Deputy PM and Minister Housing & Land Use Planning of Mauritius HE Louis Steven Obeegadoo in my office today. We discussed the ongoing cooperation between our two countries in the area of urban development & strengthening it further," tweeted Puri.India-Mauritius relationship is very significant for India's geostrategic policies in the Indian Ocean Region.Recently, India and Mauritius jointly inaugurated an India-assisted social housing units project in Mauritius virtually as part of India's development support.In recent years, India has stepped up its engagement with Africa. Mauritius is an important partner among the Indian Ocean littoral .

Cities should rethink traditional planning models to deliver outcomes: Puri

Union Housing and Urban Affairs Minister Hardeep Singh Puri on Thursday said cities need to rethink traditional planning models in order to deliver desired socioeconomic outcomes. In a video message to the inaugural session of the two-day Urban-20 City Sherpas' meet, the minister also said that comprehensive infrastructure development would necessitate a robust discussion on investments and financing. He underlined that with rapid urbanisation, it was critical to ensure water security through better planning, policies and governance. The Urban-20 City Sherpas' meet which aims to focus on promoting solidarity among cities to find common solutions that are in sync with the overall objectives of the G20 began here on Thursday. This is the third of the G20 events being held in Gujarat as part of India's Presidency of the Group of 20. "Resonating with the theme of 'Vasudhaiva Kutumbakam One Earth, One Family, One Future', this year's summit will be the crucible from which a framework