Energy Policy News - Latest Updates & Headlines
India's natural gas consumption likely to record 60 pc jump by 2030: Study
New Delhi, April 11: India's natural gas consumption is likely to rise by close to 60 per cent by 2030 as the country seeks to reduce dependence on oil imports and switch to cleaner fuels for running vehicles, cooking in household kitchens and industrial use, according to a study by the Petroleum and Natural Gas Regulatory Board (PNGRB).
Pralhad Joshi highlights India's significant growth in renewable energy sector
New Delhi, April 1: Union Minister Pralhad Joshi addressed a press conference on Tuesday and explained India's progress in the renewable energy sector over the past year.
India committed to sustainable energy through nuclear power: PM Modi
New Delhi, March 31: Prime Minister Narendra Modi on Monday reiterated India’s commitment to sustainable energy through nuclear power.
India has sufficient coal reserves for energy security: Minister
New Delhi, March 26: India has sufficient domestic coal reserves to contribute to the country's energy security with coal and lignite resources at 389.42 billion tonnes and 47.29 billion tonnes, respectively, as on March 1 this year, according to the latest estimates of the Geological Survey of India, the Parliament was informed on Wednesday.
India closely monitoring global energy markets with consumer-first approach: Minister
New Delhi, March 24: India has been the only major economy in the world where the prices of petrol and diesel have come down in recent years, the government told the Parliament on Monday, adding that it is closely monitoring global energy markets as well as potential energy supply disruptions as a fall-out of the evolving geopolitical situation.
India's city gas distribution to reach 25 pc by 2030; Rs 30,000 crore investment likely by FY27
Mumbai, March 24: As the government aims to transform the nation into a gas-based economy, the contribution of city gas distribution (CGD) is projected to increase to 25 per cent by 2030, from 20 per cent in FY24, according to a report released on Monday.
Government taking steps to strengthen strategic petroleum reserves: MoS Suresh Gopi
New Delhi, March 20: The Union Government is taking steps to strengthen the strategic petroleum reserves. Through a Special Purpose Vehicle called Indian Strategic Petroleum Reserve Limited (ISPRL), it has established Strategic Petroleum Reserves (SPR) facilities with a total capacity of 5.33 Million Metric Tonnes (MMT) of crude oil at three locations: Vishakhapatnam (1.33 MMT), Mangaluru (1.5 MMT), and Padur (2.5 MMT).
New Oil Field Amendment Bill has made small oil fields investor-friendly
New Delhi, March 20: The new Oil Field Amendment Bill 2024 has relaxed regulations for making small oil fields lucrative for investors. Under the provisions of the bill, the Discovered Small Fields (DSF) now gets several investor-friendly liberalised terms which are aimed at making operations more efficient and profitable.
India's imports of solar cells and modules declined by 20% and 57% in first eight months of 2024-25: Report
New Delhi, March 18: Several factors, including the expansion of domestic manufacturing capacity and the government's proactive measures, have over the past years contributed to a positive change in India's overall solar landscape.
Centre gears up to supply 906 million tonnes of coal to power sector in 2025-26
New Delhi, March 17: The Ministry of Coal has conveyed the domestic coal supply plan of 906.1 million tonnes (MT) to the power sector for FY 2025-26 in accordance with the Ministry of Power's communication on the requirement for the financial year 2025-26, the Parliament was informed on Monday.
18 N-plants planned to generate 13,800 MW: Govt data
New Delhi, March 15: The Indian government proposes to build 18 more nuclear power reactors with a cumulative capacity of generating 13,800 MW of electricity and five sites have already been given in-principle approval, as per official documents.
South Korea adopts new measures to bolster stable supply of energy
Seoul, March 14: South Korea has adopted new measures to bolster its capabilities for the stable supply of energy amid climate change and higher demand for electricity and thermal energy, the industry ministry said on Friday.
Historic Day Hardeep Singh Puri lauds clearing of Oilfields (Regulation and Development) Amendment Bill 2024 in LS
New Delhi, March 12: In a major development in Parliament, the Lok Sabha passed the Oilfields (Regulation and Development) Amendment Bill 2024 on Wednesday.
India saves $5.43 billion forex as coal imports dip due to rising local production
New Delhi, March 11: Coal imports to the country during April-December period of the current financial year declined by 8.4 per cent to 183.42 million tonnes (MT) -- from 200.19 MT in the same period of previous financial year due to the increase in domestic production, according to an official statement issued on Tuesday.
European Commission proposes to extend gas storage obligations until end of 2027
Brussels, March 6: The European Commission has proposed to prolong EU gas storage obligations until the end of 2027 to ensure security of energy supply and help stabilise the European gas markets.
Private sector participation, public engagement key towards India's nuclear energy goals: Minister
New Delhi, March 4: Achieving 100 GW of nuclear power by 2047 will require a focused and determined approach, adding around 4 GW annually from now onwards, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said on Tuesday.
Rajasthan: MoU signed between RVUNL and Singareni Collieries
Jaipur, March 3: In a significant move towards strengthening Rajasthan's energy sector, the state government has signed an MoU with Singareni Collieries Company Limited (SCCL) to establish massive thermal and renewable energy projects.
30 coal blocks to be put for auction in the 12th round, says G Kishan Reddy
Mumbai, Feb 28: Union Minister of Coal and Mines G. Kishan Reddy on Friday said the coal sector plays a crucial role in India's energy future while emphasising the need to focus on green coal technologies and collaborative effort especially from the private sector to reduce imports and increase domestic coal.
Assam remains key player in India's energy sector: CM Himanta Biswa Sarma
Guwahati,, February 26: Chief Minister Himanta Biswa Sarma on Wednesday said that Assam remains a key player in India's energy sector and is witnessing significant infrastructural advancements.
India's crude oil consumption set to reach 6.5-7 million barrels a day in short to medium term, says Hardeep Singh Puri
Guwahati, February 26: India's crude oil consumption will touch the mark of six and a half to seven barrels a day in short to medium term, said Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, on Wednesday.
India may miss 500 GW renewable target without 20% annual funding boost: Report
New Delhi February 25: India may fail to achieve its 2030 ambitious target of 500 GW renewable energy if annual financing does not grow by 20 per cent annually, according to a new report by UK-based energy think-tank Ember.
Mobilising Finance is Key to Achieving 500 GW Renewable Energy by 2030: Pralhad Joshi
Mumbai, February 24: Union Minister for New and Renewable Energy Pralhad Joshi on Monday said mobilising finance is the key to achieving India's target of 500 GW renewable energy by 2030.
India will need Rs 30 lakh crore to achieve 500GW of RE by 2030: Pralhad Joshi
Mumbai, Feb 24: India will need Rs 30 lakh crore (Rs 5 to 6 lakh crore annually) to achieve 500 GW of non fuel based energy (Renewable Energy) by 2030. This will be raised through multiple sources including public sector banks, financial institutions, international credit, equity funding, debt funding, corporate bonds and pension funds.
No power tariff hike in Andhra Pradesh for 2025-26: APERC
Kurnool, February 21: The Andhra Pradesh Electricity Regulatory Commission (APERC) has announced that there will be no increase in power tariffs for the financial year 2025-26.
Average electricity supply in rural, urban areas up significantly in last 10 years: Centre
New Delhi, Feb 22: Average electricity supply in rural areas has increased from 12.5 hours in 2014 to 22.6 hours in 2025 and in urban areas to 23.4 hours this year, the government has said.
South Korea to supply 70 pc of electricity through carbon-free energies in 2038
Seoul, Feb 21: Carbon-free energy sources, including nuclear power and renewable energies, will account for over 70 per cent of South Korea's annual power generation by 2038 under the new national energy plan, the industry ministry said on Friday.
India cements its position as energy leader at IEW 2025
New Delhi, February 14: On the closing day of the third edition of India Energy Week 2025, petroleum and natural gas Hardeep Puri spoke about the success of the showpiece energy event highlighting its unprecedented participant and exhibitor numbers and technical paper submissions.
Crude prices to remain unaffected by US tariff threat, supply chain disruptions may occur says IOCL Chairman
New Delhi, February 12: Crude oil prices will remain unaffected by US President Donald Trump tariff threats, according to Chairman of Indian Oil Corporation Ltd (IOCL), A S Sawhney.
Clean Cooking Ministerial: Sharing India's success story, Hardeep Puri says easily doable
New Delhi, February 12: Sharing India's success story of ensuring clean cooking fuel reaches every household in the country through the flagship PM Ujjwala Scheme, Union Petroleum and Natural Gas Minister Hardeep Puri affirmed that it was easily doable by others.
No there's no such expectation...': Hardeep Puri on oil purchases from Russia
New Delhi, February 11: Speaking at the India Energy Week 2025, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday stated that there are "no expectations" that oil purchases from Russia will decrease as India is open to energy imports from all sources at the lowest rates.
As India achieves 100 GW solar power capacity, PM Modi's throwback speech gains attention
New Delhi, Feb 10: As India achieves a historic milestone of surpassing 100 GW of solar power capacity, reinforcing its position as a global leader in renewable energy, an old speech of Prime Minister Narendra Modi from 2006 has found traction on the social media, where he is advocating about harnessing the solar energy for meeting the country's requirements.
India importing crude from 40 countries; Argentina is new supplier: Hardeep Puri
New Delhi, February 10: Petroleum minister Hardeep Puri on Monday said that India is open to importing crude oil from all possible sources to meets its demand.
Norway's Labour Party rules alone for first time in 25 years
Oslo, Feb 4: The Norwegian Labour party is governing alone for the first time in 25 years, with the country's Prime Minister Jonas Gahr Store presenting his new government on Tuesday.
Ethanol price revision by govt suggests a potential reshaping of India's ethanol Industry: Report
New Delhi, January 30: Governments decision of Wednesday to raise prices of ethanol produced from only C-Heavy Molasses (CHM) suggests a potential reshaping of India's ethanol industry says a report by Systematix Institutional Equities.
Shakhboot bin Nahyan heads UAE delegation at African Energy Summit in Tanzania
Dar Es Salaam, January 29: On behalf of President Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, headed the UAE delegation participating in the African Heads of State EnergySummit in the capital of the United Republic of Tanzania, Dar es Salaam.
Ministry notifies revised quality control order for solar photovoltaic products
New Delhi, January 29: The Ministry of New and Renewable Energy (MNRE) has notified the solar systems, devices, and components goods order, 2025, which revises and supersedes the existing solar photovoltaics, systems, devices, and components goods (Requirements for Compulsory Registration) Order, 2017.
Cabinet okays hike in price of ethanol used for petrol blending
New Delhi, Jan 29: The Union Cabinet on Wednesday approved an increase in the ex-mill price of ethanol derived from C Heavy Molasses (CHM) to Rs 57.97 per litre from Rs 56.58 per litre earlier, under the Ethanol Blended Petrol programme, for the supply year 2024-25.
Trump ordered to deliver emergency price relief to American people, White House Press Secy says
Washington DC, January 29: In her first press briefing on Tuesday (local time), the youngest US Press Secretary Karoline Leavitt announced that US President Donald Trump has taken action to provide relief to US citizens to help deliver emergency price relief.
Bangladesh needs clean energy... Adani Group showing interest to invest is positive: Bangladesh Nationalist Party
Dhaka, January 28: Shama Obaed, Organising Secretary of the Bangladesh Nationalist Party (BNP), acknowledged the importance of energy investments, such as those by the Adani Group, to meet Bangladesh's growing power demands, particularly for industrial development.
Crude prices to stay between USD 75-85 in 1H2025, USD 65-75 in 2H2025: Report
New Delhi, January 28: Crude prices to stay between USD 75-85 in 1H2025, and between USD 65-75 in 2H2025: Reporthe international crude price outlook for 2025 will be driven by the prospect of an escalation in the trade war that is expected to depress Chinese demand, as per a report by ICICI Bank. The outlook also hinges on US President Donald Trump's energy policy regime.