Page 57 - Policy Economic Report - Jan 2026

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Speaking on the Addition Stage at the release of the IEA India Bioenergy Market Report: Outlook for Liquid
and Gaseous Biofuels to 2030 and the 5th edition of the PPAC Journal Ensuring Energy Security: Role of
State Energy Policies, Dr. Mittal emphasised the urgency of scaling sustainable energy solutions.

“India’s energy consumption is in the lower half globally on a per capita basis, but its growth rate is almost
twice the world average. In the next decade, India’s energy growth could outstrip global growth by a factor
of two or more,” he said.

Highlighting the success of policy-driven outcomes, Dr. Mittal cited the ethanol blending programme as a
global benchmark. “In 2014, ethanol blending was just 1.4 percent. Today, we are close to 20 percent, and
we have enough domestic ethanol to go beyond that if technology and national vision take us there,” he
added. He noted that similar blending targets have been set for biodiesel, compressed biogas (CBG) and
sustainable aviation fuel, underlining India’s commitment to responsible and low-carbon energy growth.

The IEA India Bioenergy Market Report, released during the session by the International Energy Agency,
presented a strong growth outlook for liquid and gaseous biofuels through 2030. Presenting key findings,
Dr. Paolo Frankl, Head of the Renewable Energy Division at IEA, said India has already tripled its
consumption of modern bioenergy since 2020, driven by a combination of blending mandates, targeted
incentives, research support and supply-chain development. He added that under enhanced policy
implementation, India could double biofuel deployment again by 2030, making it one of the fastest-
growing bioenergy markets globally.

Dr. Frankl highlighted compressed biogas as a major emerging opportunity for India due to the country’s
vast agricultural residues and organic waste potential. He added that improved feedstock aggregation,
infrastructure proximity and stable offtake mechanisms would be critical to sustaining growth and
lowering costs.

Complementing the IEA report, Petroleum Planning and Analysis Cell (PPAC) released the 5th edition of
its bi-annual technical journal. Shri P Manoj Kumar, Director General, PPAC, said the edition focuses on
the pivotal role of state-level energy policies in strengthening availability, affordability and resilience. He
added that the journal brings together contributions from states, policymakers and institutions,
reinforcing evidence-based policymaking and cooperative federalism in the energy sector.

Mr Charlotte Morton, Chief Executive of the World Biogas Association, contributed to the Panel’s
deliberation with crucial insights on the need for a cohesive national framework for biogas. She
highlighted biogas as a multi-benefit solution that supports waste management, rural livelihoods,
emissions reduction and decentralised energy systems, and called for stronger coordination across
policies, finance and markets.

India Energy Week 2026 concluded with India reinforcing its role in the global energy landscape

India has demonstrated strong preparedness to navigate sustained geopolitical volatility in global energy
markets and will continue to occupy centre stage in international energy discourse, Union Minister for

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