Ansari Z. A. Bangalore: Lewis Carroll’s, Chesire Cat had said, if you walk long enough you will get there. The Energy Sector in India seems to be the Cat’s stout follower. In their dogged and somewhat muddled pursuit, someplace inevitably will be reached. India Energy Week will no doubt witness a lot of solemn discourses, earnest discussions, and pole positioning, by many. Be it Green Hydrogen, Solar, Wind, Bio Energy, Bio Fuels, Waste Fuel, Coal Bed Methane, Electric – Battery, Fuel Cells, etc, or futuristic energy sources viz. Fusion, Deep Ocean Waves, Space Storms, et al. Nevertheless, fossil fuels will be hard to wish away at least for a decade. As is evidenced by the recent mega profits made by Energy Giants BP, Aramco, Total, etc. with hardly any sizeable investments in renewables.
The Energy Week will continue to be bipolar with the Haves and Havenots of Energy Sphere taking almost diametrically opposite positions. Energy Business has never been purely commercial, politics has always played a big part. What one needs to understand is that India has to leverage its position, as a large consumer, more aggressively. After all, both the seller and the buyer need each other. War may end soon but the need is there for the buyers to form a global cartel like OPEC. The takeaways from the event may be many but actual deliverables need to be secured. In fact, the whole of India is watching with much hope that the forthcoming event translates into good fortune for Indian Energy Sector, as a whole. I on my behalf and that of my Team are optimistic.
