Dr. Syama Prasad Mookerjee Research Foundation

PM’s speech at PETROTECH 2019

Winds of change are evident in the global energy arena.

Energy supply, energy sources & energy consumption patterns are changing. Perhaps, this could be a historic transition.

There is a shift in energy consumption from West to East
There are signs of convergence between cheaper renewable energy, technologies & digital applications. This may expedite the achievement of sustainable development goals.

Nations are coming together to tackle climate change
Energy justice is also a key objective for me and a top priority for India. Towards this end, we have developed and implemented many policies. The results of these efforts are now evident.

Electricity has reached all our rural areas
LPG connections have been given to over 64 million house-holds in just under three years under the Ujjwala Scheme.

A ‘Blue Flame Revolution’ is under-way. LPG coverage has reached more than 90% percent, from 55% five years ago
We need to move to responsible pricing, which balances the interests of both the producer and consumer.

We also need to move towards transparent and flexible markets for both oil and gas.

Only then can we serve the energy needs of humanity in an optimal manner