देश की Growth में Energy की भूमिका बेहद अहम, जानिए ONGC के Chairman Arun Kumar Singh का Outlook

India, in my opinion, in the next 10-20 years, Indian energy demand will be so high, so high that such growth will not happen anywhere in the world. There is no such opportunity anywhere, so much opportunity. The dividend of... second, the solidity of 'digvijayshan'? That also goes in India's favor, and fourth, there is a bit of de-dollarization happening. The four together make India's demand very high. Now the question is, there is a misunderstanding because we need both worlds: we need excessive production from the conventional world and more domestic production, and second, we also need the renewable energy space. So we have to focus equally on both areas. It is not a question of 'or', it is a question of 'and'. Here we are looking for partners who can collaborate in both spaces. In which segments are you looking for partners? Because ONGC is searching for partners for its old fields as well. Have you done some collaborations? No, we are not doing anything for old fields because there are some areas where we need a partner and we understand that partnership will help not only in exploration but also in development and production. So we are exploring that. That is the expression of partnership. And the second space is in the renewable space, particularly hydrogen and others. So we are looking at this event from both these angles to do whatever we can.

That is a bit of a geopolitical matter. If we are talking about outside India, then the picture will become clear gradually. Then we will be in a better position to comment. But whatever we can search inside India, whatever effort we can make to explore and produce, we will put full force into doing both. There is some decline in prices.

I have already said that crude will remain range-bound. It will keep moving up and down a bit unless there is a major disturbance. If the world is static, given the current forces operating, I don't see much variation in crude. If I say plus minus five dollars, it will remain around that.

One is $4 and the $6 one is only for APM gas that is ultra-deep high pressure high temperature. Its price will be different. That I am sure. So it will not make any difference in the exploration and production sector. As far as the $4 and $6 question is concerned, in my opinion, for the nomination fields, APM fields, and this price, the government has said that it is a balance to protect consumer interest and also protect producer interest. After 2027, the government says it will free it, make it market-based. So I don't see any problem in this. It is a good thought because ONGC is a PSU, it has its own cost, and the country also has its own interest because the consumer should have affordability. If the price becomes too high, the CGD business will face problems. So it is a balance of interests. And the PSU producer trust, in my opinion, in today's context, given the forces operating and the context, if it is in the public domain as you said, then I don't see any problem. Let's see what finally comes. We wait. So it is a recommendation, not approval. So when the final comes, then we will talk again. Thank you.