Bangalore (Karnataka) [India]Feb 8 (ANI): Government of India and International Energy Agency (IEA) will work together to strengthen cooperation in the field of data and research and enhance global energy security, stability and sustainability.
The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas (MoPNG) has signed a Letter of Intent (SoI) with IEA. This partnership will lead to extensive exchange of knowledge.
The SOI was signed by PPAC Director General P Manoj Kumar and IEA Executive Director Fatih Birol on Wednesday during the ongoing India Energy Week at the Bangalore International Exhibition Centre. The SoI was signed in the presence of Hardeep Singh Puri, Minister of Petroleum and Natural Gas and Housing and Urban Affairs.
In an exclusive conversation with ANI, Manoj Kumar said, “It is a very important day for us, we have signed a letter of intent with IEA. PPAC has a huge database. It provides important data as well as petroleum And natural gas is very unique in timeliness. We are moving ahead in the field of petroleum and natural gas and renewable energy. So we need to collaborate with many such international agencies so that we can synergize our effort for a better cause Can sit
Kumar also said, “IEA has its own expertise, we will use that expertise by PPAC and IEW (International Energy Workshop) will use our expertise. We are also looking for other international agencies for better coordination and cooperation in the energy sector.
Kumar said comprehensive datasets and reports would be made available for better analysis and interpretation.
“Training and internship of IEA officials from PPAC for energy modeling and statistics, by IEA experts, is planned to be conducted to develop the skills required for the challenges posed by the energy transition,” Kumar said. That will provide access to the SOI. International ideas and perspectives in the energy sector.
Kumar further said that both sides intend to cooperate under the SoI in the areas of energy market data and statistics, biofuels and other emerging fuels. “It will also provide information on global oil and gas markets and technologies relevant to the oil and gas sector.”
The two sides will conduct joint studies, including the demand and supply of oil and gas, the growth and stability of global and regional oil and gas markets, and the economic benefits of alternative fuels. Both sides also propose to set up working groups in specific areas of cooperation. (ANI)
This report has been auto generated from ANI News Service. ThePrint is not responsible for its content.