'India is the new axis of global energy,' says Hardeep Puri

India is rapidly solidifying its position as a central force in the global energy landscape and not just part of the world’s energy story, said Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Friday, sharing the key figures of the industry.

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Sharing the figures, he added in his X post on Friday, he added that now the world’s third-largest energy and oil consumer, India is also the fourth-largest refining hub, boasting a total refining capacity exceeding 258 million metric tonnes per annum (MMTPA). Its prominence in global LNG trade continues to grow, with the country ranked as the fourth-largest LNG importer, accounting for around 6% of global trade.

India’s energy infrastructure is also scaling up, with the sixth-largest pipeline network globally, stretching 25,429 km, and plans to expand it to 33,475 km by 2030.