India’s dependence on fossil fuels will continue to be high: Liv Astri Hovem

Every country has to find its own solutions for energy transition and bringing down its dependence on fossil fuels, and India is no different. The country’s dependence on fossil fuel will remain high and the Indian subcontinent will experience the world’s greatest growth in LNG over the next 30 years.

“While we forecast the global dependence on fossil fuels will come down to 50 per cent from the current 80 per cent by 2050, India’s dependence will be higher at 65 per cent by 2050,” said Liv Astri Hovem, Chief Executive Officer, Oil & Gas, DNV GL.

Hovem, who was recently in India for the World Energy Policy Summit, said, “Solutions for energy transition depend on what natural resources are available and the historical infrastructure available in a country. This enables developing an easier route for transition to cleaner energy.”