Live
- Surprise Inspection Conducted by AO on Pesticide Shop in Bijnapally Mandal
- Priyanka recalls family’s ancestral bonding with J&K
- Awareness Program on Sakhi Services Held in Kollapur
- All Works Must Be Completed Within a Week – Collector Badavath Santosh
- Code of Conduct Restricts Celebrations of National Laureate's Anniversary
- Youth Must Preserve Culture and Traditions – District Collector Badavath Santosh
- Awareness on Rabies is Essential – Collector Badavath Santosh
- IG Satyanarayana IPS Conducts Surprise Inspection of Veldanda Police Station
- Srinivas Goud Assures HYDRA Victims
- Global Trade initiative SME Forum Launches new campaign
India's Energy Boom Forecasted by Rosneft CEO Igor Sechin
India's end-use energy consumption is projected to increase by 90% by 2050, one of the world's fastest growth rates, according to Rosneft CEO Igor Sechin. This was discussed during the 27th St. Petersburg International Economic Forum, where Sechin addressed key challenges and criticized aspects of the global energy transition.
In a recent address at the 27th St. Petersburg International Economic Forum, Rosneft CEO Igor Sechin projected a 90% rise in India's end-use energy consumption by 2050, marking one of the fastest growth rates globally.
Sechin, speaking to global business and political leaders, provided a comprehensive analysis of the energy market's current state and its future challenges. In his keynote titled 'Energy transition and phantom barrels,' he also projected India to become one of the top three largest economies with a GDP of USD 5 trillion in five years and to overtake the US by 2050.
Sechin criticized the focus on anthropogenic factors in climate change discussions and questioned the efficacy of current energy transition initiatives. While noting the limitations of current hydrogen production technology, he emphasized the necessity of balancing the energy transition to support the growth of developing countries and maintain energy security by ensuring affordable and reliable energy sources.
