The event witnessed strong participation from industry leaders, policymakers, and analysts. The discussions provided deep insights into global and Indian energy trends, the evolving policy and technology landscape, and the opportunities and challenges shaping the world’s transition toward cleaner and more secure energy systems.

Mr. Arun Kumar Singh welcomed the gathering and highlighted India’s strong macroeconomic fundamentals, rapidly growing energy needs, and the importance of cost efficiency in enabling a sustainable and inclusive energy transition. He emphasized that India is poised to remain one of the most attractive destinations for global energy investment over the next several decades.

The centrepiece of the event was the detailed presentation by Mr. Spencer Dale, who introduced the bp Energy Outlook 2025 and provided an in-depth, data-driven analysis of global and Indian energy transitions based on two key scenarios:

• Current Trajectory (CT) – based on today’s policy and market settings


• Below 2° (B2D) – aligned with a more ambitious global decarbonization pathway

Some of the key takeaways on India’s Energy Scenario from his presentation are as follows:

1. India’s GDP is projected to grow at 5% per year during 2023 - 2050, making it the fastest growing region in the Outlook. Primary energy demand grows substantially in both scenarios, raising India’s share of global consumption from 7% in 2023 to 12% by 2050.


2. Primary Energy Mix:

• A Strong Rise in Renewables; Renewables grow at 3 - 5% annually, becoming largest in B2D, and second largest in CT by 2050. Solar and wind remain the dominant contributors to India’s renewable growth. Coal remains the largest energy source in CT (42% share in 2050) but declines sharply to 16% in B2D.


• Natural Gas is the only fossil fuel that grows in both scenarios, expanding at 1–3% annually driven mainly by industrial demand.


• Oil demand rises from 5 Mb/d in 2023 to 9 Mb/d in 2050 under CT- equivalent to 10% of global demand. Natural gas consumption increases from 63 bcm to 153 bcm in CT and to 76 bcm in B2D by 2050.

1. Power Demand, Electrification, and Sectoral Growth:

• Electricity’s share of final energy rises from 20% today to 30% in CT and around 50% in B2D.


• Industrial energy use grows strongly, increasing from 54% today to 58–64% of total final consumption by 2050.


• Power generation expands from 1,990 TWh (2023) to 6,114 TWh (CT) and 8,260 TWh (B2D) by 2050.

1. Hydrogen & Emerging Low-Carbon Technologies:

• Hydrogen demand doubles in CT and increases almost eightfold in B2D. Green hydrogen reaches 37% of hydrogen production in CT and 89% in B2D.


• India’s strong renewable base and scale create favourable conditions for future hydrogen competitiveness.

1. Emissions Trajectory:

• Under CT, India’s carbon emissions increase by ~60% by 2050. Under B2D, emissions decline by nearly 70%, supported by accelerated renewables deployment, electrification, and CCS.

1. India under Geopolitical fragmentation: Mr. Dale discussed the growing challenge of geopolitical fragmentation, highlighting its impact on:

• lower global trade and lower GDP growth,


• reduced flow of low-carbon technologies,


• increased domestic reliance on coal, oil, and gas,


• slower renewable deployment, and


• greater focus on energy security and efficiency.

He explained that India, like many fast-growing economies, will need to navigate these uncertainties while balancing affordability, security, and sustainability.

Q&A Session

Mr. Dale engaged in a highly interactive Q&A session. He elaborated on:

• the complexity of moving from energy addition to energy substitution,


• the vital role of efficiency and advanced technologies,


• the growing importance of industrial decarbonization,


• and the long-term interplay between renewables, natural gas, hydrogen, and electrification in shaping India’s future energy mix.

Address by the Chief Guest – Shri Hardeep Singh Puri, Hon’ble Minister of Petroleum & Natural Gas

Hon’ble Minister of Petroleum and Natural Gas Shri Hardeep Singh Puri appreciated the high-quality analysis presented in the Outlook and highlighted the importance of government policy in shaping India’s energy future. He briefly noted India’s major policy successes such as:

• achieving 10% and 20% ethanol blending targets ahead of schedule,


• reforms in exploration and production since 2014,


• a balanced approach to mobility through hybrids, flex-fuels, and EVs,


• emerging gas discoveries and increasing role of natural gas,


• and strong national momentum in green hydrogen and green ammonia.

He reaffirmed India’s commitment to a multi-pathway, technology-driven transition that balances growth, sustainability, and energy security.

Vote of Thanks – Mr. Kartikeya Dube

Mr. Kartikeya Dube, Head of Country – India, bp, expressed gratitude to the dignitaries and participants. He emphasised that the insights shared during the session will be instrumental in shaping India’s long-term energy strategy and deepening collaboration across the sector.