Has India Expanded Its Energy Partnerships from 27 to 40 Countries in the Last Decade?
Synopsis
Key Takeaways
New Delhi, Nov 28 (NationPress) Union Petroleum Minister Hardeep Singh Puri announced on Friday that India’s global energy influence has significantly increased over the past ten years, expanding from 27 partner countries to 40. He credited this growth to enhanced energy diplomacy and a more reliable sourcing network facilitated under the leadership of Prime Minister Narendra Modi.
Puri emphasized that India has established a more robust and secure energy network by diversifying its partnerships across various continents, improving its sourcing strategies, and solidifying trustworthy alliances.
“India’s global energy footprint is expanding with intent. From 27 partner countries a decade ago to 40 today, India has created a more resilient and secure energy framework under PM Narendra Modi,” Puri expressed in a social media post on platform X.
He further noted that this strategic initiative aligns with India’s ambition of becoming a significant global refining and energy hub—an objective supported by rapid capacity expansions and policy reforms initiated since 2014.
“A diversified sourcing portfolio, increasing refining capabilities, and reliable global partnerships are propelling a more resilient future for India,” Puri remarked.
This year, Puri highlighted that India’s refining capacity has already reached approximately 258 million metric tonnes per annum (MMTPA) and is projected to rise to nearly 310 MMTPA by 2030, with aspirations to scale it to 400–450 MMTPA in the long run.
This growth, he said, would position India among the leading refining hubs globally, especially as nearly 20 percent of global refining capacity is expected to face potential shutdowns by 2035.
In spite of sluggish global energy market growth, India continues to emerge as a crucial demand driver, projected to account for 30–33 percent of the incremental global energy consumption in the upcoming decades.
During the inaugural session of the Energy Technology Meet in Hyderabad this October, Puri stated that Indian refineries not only meet world-class standards and are globally integrated but are also ready for export, with petroleum product exports surpassing $45 billion in FY 2024–25 and servicing over 50 countries.