Union Oil Minister Hardeep Singh Puri said- We are open to import from all sources.
Petroleum Minister Hardeep Singh Puri said on Monday that the price of gas is expected to be reduced in 2026. At the same time, the Union Minister also said that India is open to import energy at minimum rates from all sources. According to PTI news, domestic oil marketing companies are looking for more gas, so that the price can decrease. Puri also stated that I estimate about the international market that in 2026 you will see a big increase in the availability of natural gas. We can get more gas from Qatar. Our companies are looking for gas and gas. Puri said that LPG (liquefied petroleum gas) in the country is more or less saturated and the idea is that natural gas should be delivered to every house through pipes as it is 30 percent cheap.
Removes apprehensions
Addressing a press conference on the Indian Energy Week 2025 starting on February 11, Puri removed the possibility of impact on the energy supply from Russia to India after the US sanctions. Today we have such a situation that our suppliers have increased from 27 to 39. We have also included Argentina in it. We are open for imports from all sources. We issued tenders at the time of import. Those tenders are open to any suppliers. We buy from the cheapest source.
Companies are considering purchases from America
A top official said that Indian Oil, Bharat Petroleum and Gayle are considering the purchase of LNG (liquidized natural gas) and crude oil from the US. The apex official also said that domestic companies may sign long -term contracts and consider investing in the US (energy projects). This is important in view of Prime Minister Narendra Modi’s visit to America at the end of this week, where energy is likely to be discussed in the agenda. Puri also said that I would be surprised if not involved in the discussion of energy from America (PM and Trump).
IEW 25 organized
Trump has said that he wants to see a decrease in global energy prices, so he wants more energy to the market. This is a positive development for countries like India. During India Energy Week 2025, Energy Buyers will hold meetings with producers in the national capital. Puri said that IEW 25 is going to be even larger, more diverse and more impressive than its previous two versions. The IEW 25, spread over an area of over 1 lakh square meters, will be the second largest energy program in terms of participation of ministerial and CEO, exhibition sites and number of sessions. Puri also hinted at the next (10th OALP) round of sale of oil and gas assets very soon.
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