"About 50% of the incremental global natural gas demand will come from Asia by 2035, with China and India as the main engines to boost the development of the LNG market," Luo said.

"And fifth - by the year 2070, India will achieve the target of net-zero. These panchamrits will be an unprecedented contribution of India to climate action."

As per the recently released, World Energy Outlook 2021, IEA forecasts that’s India's power demand is slated to nearly treble to 5000 TWh by 2050, let primarily by renewable sources of energy.

A meeting of the joint working group of Gazprom and the Government of Mongolia on the implementation of the Memorandum of Understanding regarding the project for pipeline gas supplies from Russia to China across Mongolia took place today in Ulan-Bator, Mongolia.

Since India's per-capita energy consumption is about one-third the global average, demand is expected to rise exponentially, creating the need to push both refining expansion as well as clean energy initiatives,

India, the world's third-biggest importer and consumer of crude, meets around 85% of its demand via overseas purchases with Iraq, Saudi Arabia and the United States being the top three suppliers. India also imports 55% of its gas demand via imports.

India is more exposed to the international spot coal market as it does not have many longer-term supply contracts. So, when spot prices jump, you see a corresponding decrease in imports

Solar accounts for 9% of India’s installed capacity, with 37.5 GW (end-2020) and over 40 GW in March 2021.

India aims to raise the share of natural gas in the country’s energy mix to 15% by 2030 (from 5.8% in 2020).

India has set an ambitious target of achieving 175 gigawatts (GW) of renewable energy capacity by 2022, which includes 100GW of solar.

"With the recovery in the overall demand, refining and other related operational parameters have demonstrated an even more pronounced turnaround compared to the previous year," said Shrikant Madhav Vaidya, chairman of state-run Indian Oil Corp. the country's biggest refiner.

The Solar Energy Corporation of India (SECI) has awarded 1,200 MW of wind projects as part of the Tranche XI auction for 1,200 MW of interstate transmission system (ISTS)-connected wind power projects in India

India’s electricity capacity amounts to 412 GW (end of 2020), with the following capacity mix: 68% thermal (57% coal, 7% gas, 3% biomass, 1% oil), 12% hydro, 9% wind and solar each, and 1.6% nuclear.

IOC is investing 1 trillion Indian rupees ($13.49 billion) to raise its refining capacity by 25 million tonnes a year in next 2-5 year,

Almost 70% of Turkmenistan’s natural gas output is exported.