Blitz Bureau
NEW DELHI: India and Brazil have reinforced their commitment to strengthen existing collaboration in the energy sector, including Indian upstream investment, it was announced on September 21.
During his three-day visit to Brazil from September 19-21, Minister of Petroleum and Natural Gas, Hardeep Singh Puri, met Minister of Mines and Energy, Alexandre Silveira de Oliveira, saying that the two sides are well-positioned to collaborate on production and use of Sustainable Aviation Fuels (SAFs), by leveraging their existing ethanol and biodiesel production infrastructure, growing aviation market and vast feedstock potential, including their agricultural resources.
Puri was accompanied by Indian oil and gas companies, representing both the upstream and downstream sector.
In a post on X, Puri said they discussed ways to enhance collaboration in areas where Brazil is a global leader, such as ethanol blending, deepwater offshore exploration and renewable diesel, to advance India’s energy security imperatives.
“We also discussed ways to provide our expertise in building affordable clean cooking solutions and building large solar energy capacity and energy storage solutions to Brazil. Brazil’s expertise in ethanol blending and renewable diesel presents valuable opportunities to support India’s goals of reducing carbon emissions and strengthening energy security,” Puri posted.
In the oil and gas sector, both nations recognised the trust reposed by Indian companies in the sector which has resulted in Brazil being one of the largest destinations for investments by Indian oil and gas companies in the world.
As founding members of the Global Biofuels Alliance, both sides reiterated the crucial role the Alliance will play in positioning biofuels as a key component of the global energy transition, contributing not only to environmental sustainability but also to socioeconomic growth, according to a ministry statement.
The Indian side expressed confidence that Brazil’s leadership would further the G20’s agenda of inclusive and sustainable development, building on the momentum generated by India’s presidency in 2023.
