India's Quantum Leap in Global Energy Demand

India's rapidly growing economy is a major force driving global energy demand, with significant increases projected across sectors like air travel and data centers. UAE Minister highlights India's strategic partnerships, particularly with the UAE, to meet this demand with investments in renewable energy and LNG supply.

India has emerged as a pivotal force in global energy demand, driven by its rapidly expanding economy. This sentiment was echoed by UAE's Minister for Industry and ADNOC CEO, Sultan Al Jaber, during the India Energy Week. He emphasized India's distinctive approach of making quantum leaps in development, notably a 150% surge in air travel over the next 15 years.

While many interpret current energy market volatility through geopolitical concerns and technological shifts, Al Jaber focuses on a larger transformation. He identifies three megatrends: the rise of emerging markets like India and Asia, AI and digital infrastructure's exponential growth, and the diverse transformation of energy systems, not relying on a single source but integrating several.

To address this unparalleled demand growth, partnerships, particularly the UAE-India alliance, are essential. Highlighted by their record-breaking trade, set to double by 2032, the collaboration spans multiple sectors including energy, with UAE supplying significant LNG and investing in India's renewable initiatives. The biggest challenge ahead is not oversupply, but underinvestment.

(With inputs from agencies.)