By the Electrical India Content Team
During an intervention at the G20 Extraordinary Energy Ministers’ video conference hosted by Saudi Arabia, Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan said that India will continue to remain a global energy demand centre. He said: “India was, and will continue to be, the global energy demand centre.” The meeting was attended by Energy Ministers of the G20 countries, guest countries and the heads of international organisations – OPEC, IEA and IEF. The Ministers’ focused on ways and means to ensure stable energy markets, especially those affected owing to the demand reduction as a result of the COVID-19 pandemic and the ongoing surplus production-related matters.
Pradhan reiterated Prime Minister Narendra Modi’s call for G20 taking a human-centric approach for overcoming challenging hardships, especially for the vulnerable. In terms of the on-going energy market fluctuations, he said that India has always advocated for a stable oil market, which is reasonable for producers and affordable for consumers. He appreciated the collective efforts of OPEC and OPEC-plus countries to balance the supply-side factors which are imperative for long-term sustainability.
