Union Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today interacted with Stanford Alumni Group on “The Future of Energy in India.”Shri Pradhan said that India’s developmental stage engenders a rapid expansion of energy consumption and a need for robust energy security. India is currently using only 6% of the world’s primary energy while the per capita consumption of energy is still one-third of the global average. This, however, is rapidly changing. Recently released reports of many international platforms and agencieshave estimated that the world’s total primary energy demand would increase at less than 1% per annum till 2040. On the other hand, India’s energy demand would grow at about 3% per annum till 2040. Oil demand would plateau around 2030 for the world while the same would happen for India in 2035. Natural gas would increase its share in the world energy mix replacing oil and coal. This energy growth would be mainly supported by India and other countries in Asia, he added.

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