India Energy Demand

From Petrotech to IEW, India reshapes its global energy engagement

India's global energy engagement has undergone a quiet but decisive shift over the past three decades, evolving from a hydrocarbons-centric dialogue anchored by the Petrotech conference to a broader, integrated and transition-ready platform under India Energy Week. The fourth edition of India Energy Week (IEW) will take place from January 27-30, 2026, in Goa, bringing together the global energy community to drive dialogue, collaboration and innovation across the energy value chain. IEW now occupies a "unique position on the global energy calendar," according to Oil Minister Hardeep Singh Puri. Unlike other international conferences, IEW deliberates on all forms of energy - from fossil fuels to biofuels and hydrogen. The foundations of India's global engagement were laid in the mid-1990s with the launch of biennial Petrotech, which for over two decades (from 1st edition in 1995 to 13th and last in 2019) served as India's principal interface with the global oil and gas industry.. At

IEW 2026 to see $780 million crude deal with Brazil, shipbuilding pact

A USD 780 million contract to import crude oil from Brazil and a pact to build large ships to carry ethane are among the agreements likely to be signed at the India Energy Week (IEW) starting January 27. State-owned Bharat Petroleum Corp Ltd (BPCL) will buy 12 million barrels of oil for USD 780 million from Brazil's Petrobras in 2026-27 fiscal year, twice the size of its contract in the previous fiscal, as part of India's strategy to diversify crude procurement. BPCL and Petrobras will sign a term contract for the crude supply during the IEW, a government statement said. Brazil is among the geographies that India, the world's third largest oil importing and consuming nation, is tapping to diversify its crude procurement. The diversification will help hedge risks of relying on just a few sources for buying crude oil - the raw material for making fuels like petrol and diesel. During the four-day conference, Oil and Natural Gas Corporation (ONGC) and its Japanese partner Mitsui OSK Li

US, West Asia LPG routes show wide cost differences for India: Crisil

The recent US-India LPG import pact marks a major shift in supplier diversification, reducing dependence on West Asian cargoes, though freight-linked cost sensitivities may affect OMC economics

India to be the world's largest driver of energy-demand growth by 2035: IEA

India's energy demand will rise by over 15 exajoules by 2035, nearly matching the combined growth of China and Southeast Asia, driven by rapid urbanisation and clean-energy investment

India's clean energy push may speed up coal plant shutdowns by 2030

Coal still meets about two-thirds of India's electricity demand, and the government has announced plans to add nearly 90 gigawatts of additional capacity through 2032

India's nuclear power push to 100 GW by 2047 hinges on reforms, funding

A government panel says India needs Rs 19 trillion investment, policy clarity, and private participation to reach its 2047 target of 100 GW nuclear capacity

Madhya Pradesh has achieved milestone in renewable energy pricing: CM

In a first in the country, Madhya Pradesh has achieved a milestone in renewable energy pricing with below Rs 3 per unit tariff for upcoming solar projects in Morena, Chief Minister Mohan Yadav said on Saturday. The state has awarded 600 MW and 880 MWh (dual cycle) units for commissioning after calling biddings. The winning bidders Ceigall India Ltd quoted a tariff of Rs 2.70 per unit and ACME Solar Holdings Limited quoted a tariff of Rs 2.764 per unit, he told PTI Videos. It would be the first Solar-Plus-Storage facility in India to ensure an annual availability of 95 per cent supply, Yadav said. Each unit will provide 220 MW of power, through solar panels during the day and batteries charged by solar energy in the evening peak hours, the CM added. In the morning, before panels are charged, the units will draw power from the same batteries recharged from cheaper night-time electricity from the grid. The tariff of Rs 2.70 per unit is the lowest so far in the country, an official ..

CEA Nageswaran warns of tough trade-offs in India's energy transition

Chief Economic Advisor (CEA) V Anantha Nageswaran on Friday cautioned that India's path to sustainability and climate goals must not undermine its economic aspirations, stressing the very crucial and critical trade-offs in energy transition, fiscal stability, and banking soundness. Speaking at the Bengal Chamber AGM and Indo-Pacific Economic Conclave, he said India has been a standout performance among the G20 countries in mitigation, but achieving sustainability goals requires acknowledging difficult choices. For a country aspiring to become a developed economy by 2047, energy transition and dealing with climate change must not consign not just India but also other developing countries in the Indo-Pacific and Africa to a state of permanent underdevelopment, he said. Nageswaran pointed out that India's energy consumption will necessarily keep rising as our per capita incomes rise in the coming years. He termed the carbon budget allotted to developing nations arbitrary, saying it ..

Spot power trade volumes jump 19% in August; average price drops 7%

Indian Energy Exchange reports a 19% increase in power trade volumes in August 2025, while average prices drop 7% year-on-year, presenting an opportunity for discoms and industrial consumers

BS Infra Summit: Fossil fuels can't be eliminated, say industry experts

Industry experts say the country's green energy success depends on a long-term policy vision, targeted investments in infrastructure, and the development of domestic technology and financing solutions

India finalising CCUS Mission roadmap; experts call for LNG contracts

The government is finalising the CCUS Mission roadmap and outlay as experts highlight the importance of long-term LNG supply contracts and domestic gas production for energy security

India's renewable energy sector attracted $11.8 bn investment in H1 2025

India's renewable energy investments reached $11.8 billion in H1 2025, marking the second-highest half-year activity on record, according to BloombergNEF's latest tracker.

India-Russia ties among steadiest in world, says EAM S Jaishankar

Jaishankar and Lavrov discussed joint ventures in energy, trade imbalance, connectivity projects and defence cooperation, with focus on outcomes ahead of the Annual Summit later this year

Govt scraps uniform tariff rule, dissolves pricing pools for green energy

The power ministry on Wednesday said it has done away with a uniform tariff mechanism and dissolved central pricing pools for renewable energy purchase pacts amid concerns over uncertainty on power tariffs. The move is expected to ease price discovery between renewable energy producers and users as well as deployment of renewable capacity in the country. In view of the substantial renewable energy capacity awaiting power sales agreement (PSA) signing and to expedite the deployment of RE, it has been decided to withdraw the order regarding the implementation of the Uniform Renewable Energy Tariff (URET) mechanism, the ministry said in a statement. Consequently, the Solar Power Central Pool and Solar-Wind Hybrid Central Pool shall stand dissolved, it said. Earlier, the ministry had ordered implementation of URET from February 15, 2024 for three years up to February 14, 2027. The URET mechanism and the associated central pools were notified to address the potential impact on procurer

US, once a clean energy superpower, is trailing behind India in power boom

India connected 22 gigawatts of wind and solar in the first half. Assuming this is maintained through December, that should put India ahead of the 40 GW that the US government expects this year

India's ambitious energy stack takes shape, but faces legacy hurdles

The core of the India Energy Stack is to make energy pay for itself by a constant exchange of data between governments, the private sector, and consumers, but chronic problems of bad pricing remain

IEX Q1 power trade rises 15%, REC volumes jump 149% amid price drop

Lower demand from early monsoons and higher renewable supply drove prices down, while IEX saw strong growth in real-time trading and a surge in renewable energy certificate volumes

Ministries, firms from 20+ nations to join India Energy Storage Week 2025

Government officials and industry representatives from over 20 countries are expected to participate in the 11th edition of India Energy Storage Week (IESW) 2025, scheduled from July 8 to 10 in the capital. More than 150 key partners, exhibitors, and over 1,000 companies from Australia, Germany, France, the UK, Finland, Canada, the US, Israel, and South Korea are expected to participate in the IESW 2025 event at the Yashobhoomi Convention and Expo Centre in New Delhi, a statement said. India Energy Storage Week (IESW), hosted by India Energy Storage Alliance (IESA) has announced the participation of Ministries, Government Representatives, and Companies from over 20 Countries, it stated. IESW 2025 will also explore emerging and futuristic energy storage technologies, including VRFB, solid-state batteries, Lithium Sulphur, Sodium Ion and other technologies from across the globe. One of the distinguishing features of IESW 2025 is its spotlight on cutting-edge solutions. As a platfor

Coal India to restart 32 mines to meet power needs as clean energy stalls

India's coal giant revives old mines and plans new projects as renewable capacity falls short of surging consumption

GAIL discharges first LNG vessel at Dabhol Terminal in monsoon season

Located on the Maharashtra coastline, the Dabhol LNG Terminal plays a vital role in India's gas infrastructure