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Energy Diplomacy during COVID-19

Global energy sector, particularly oil & gas sector, has impacted significantly due to the Covid pandemic. India engaged at Ministerial level with key oil & gas exporting countries, Heads of OPEC and IEA, as well as participated in multilateral fora including G20 Extraordinary Energy Ministers’ meeting and its follow-ups, to articulate its view point on evolving global oil & gas market stability as well as in ensuing the interests of consuming countries such as India are taken on board.

In view of the COVID19 situation in India, Hon’ble PM had announced supply of free LPG cylinders to over 80 million beneficiaries under our flagship programme Ujjwala scheme from April to June 2020.Hon’ble Minister of Petroleum & Natural Gas successfully interceded with his counterparts in Saudi Arabia and UAE for supplying additional quantities of LPG.

The G20 Extraordinary Energy Ministers’ Meeting was held on April 10, 2020 through video conferencing. The meeting was called by Saudi Arabia, the current G20 chair, and it was chaired by Saudi Arabia Energy Minister Prince Abdulaziz.

Union Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan had participated in the G20 Extraordinary Energy Ministers’ virtual meeting on India’s behalf. The Energy Ministers of other G20 nations, guest countries and heads of international organizations such as IEA, OPEC and IEF were also present during the virtual meeting.

Hon’ble Minister took part in G20 Extraordinary Energy Ministers’ meeting on 10th April 2020. India raised 2 issues- less volatility of oil price is good for all stakeholders & price should be reasonable & affordable to producing & consuming countries:

Hon’ble Minister of Petroleum & Natural Gas successfully interceded with his counterparts in Saudi Arabia and UAE for supplying additional quantities of LPG.

MoU was signed between Ministry of Petroleum and Natural Gas, Government of India and U.S. Department of Energy for enhanced cooperation in Strategic Petroleum Reserves Programme on 18 july 2020.

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