Page 162 - DGH_Annual_Report
P. 162
162 INDIA'S HYDROCARBON OUTLOOK 2024-2025
even as we transition toward renewables and 9.4 Key Actionable Areas of HENE
cleaner fuels. The upstream oil and gas sector Department
must evolve to stay relevant in a transitioning
global energy landscape. Pragmatism in The HENE department is tasked with advancing
upstream development means integrating innovations and policies that drive energy
decarbonization efforts without compromising transition in the upstream oil and gas sector with
energy security, affordability, and economic the emerging geological energy sources within the
growth. Setting clear targets and preparing current E&P framework. The functions roles and
roadmaps for net-zero is essential to driving a responsibilities of HENE is given below.
low-carbon energy future.
9.4.1 Key Functions
India’s energy landscape is undergoing a
transformative shift as the nation embraces To advise the Ministry on hydrocarbon
a sustainable future. Central to this evolution efficiency and decarbonization in the
is the imperative to enhance hydrocarbon upstream oil and gas sector.
efficiency while simultaneously integrating new To assess basin wise CO2 storage potential
energy sources. This dual approach is pivotal in for CCUS, Geothermal and Natural Hydrogen
ensuring energy security, reducing reliance on energy prospectivity.
imported fossil fuels, and mitigating adverse
environmental impacts, including greenhouse To advise the Government in the
gas emissions and air pollution. development of composite licenses/leases
that synergizes oil and gas, geothermal,
9.3 Establishment of Hydrocarbon white hydrogen, and renewable (wind and
Efficiency & New Energy (HENE) solar) energy projects.
Department
To expand the National Data Repository
To support oil and gas operators in achieving (NDR) of DGH by incorporating data on
their net-zero targets, promote decarbonization, new geological energy such as geothermal
and integrate new energy sources into existing energy and natural hydrogen.
operations, DGH established the Hydrocarbon
Efficiency and New Energy (HENE) Department, 9.4.2 Roles and Responsibilities of HENE
which was launched by the Hon'ble Minister of The HENE shall have following Roles and
Petroleum & Natural Gas, Shri. Hardeep Singh Responsibilities of HENE
Puri during the Inaugural edition of UrjaVarta on
11th July 2024. Develop reporting standards for GHG
emission measurements and verification
The department focuses on driving decarbonization mechanisms in upstream operations. It will
practices, improving hydrocarbon efficiency, and collaborate with national and international
integrating new geological energies, including agencies to establish emission reporting
geothermal and natural hydrogen, into existing oil standards.
and gas operations.