- Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas & Steel, participated in the 11th IEA-IEF-OPEC Symposium on Energy Outlooks, which was held virtually on 17th February 2021.
The Symposium was held under the patronage of the Minister of Energy of Saudi Arabia Prince Abdulaziz bin Salman Al Saud. The symposium was attended by the heads of all the top inter-governmental energy agencies – IEF, IEA, OPEC, IRENA and the GECF.
OPEC and EIA in their near-term outlook estimate that global fuel consumption will grow by 5.6 to 6 million barrels per day in 2021, where more than half of this growth will come from India and China. Natural gas demand is also projected to increase three-fold by 2040.