ONGC Videsh Sees Fossil Fuels Remaining Relevant For Decades

Speaking at CERAWeek, the ONGC Videsh chief emphasized that while renewable energy adoption is accelerating, fossil fuels remain critical to meeting global demand. India’s state-owned oil and gas arm will continue investing in exploration projects to ensure reliable supply.  

Fossil Fuels Still Vital  
The CEO noted that fossil fuels cannot be phased out immediately, given their role in powering industries, transportation, and households. Despite climate commitments, oil and gas will remain part of the energy mix for decades.  

Exploration Strategy  
ONGC Videsh plans to intensify exploration in underexplored areas, both domestically and internationally. The focus will be on securing reserves that can support India’s growing energy needs while complementing renewable energy expansion.  

Balancing Transition And Security  
The remarks underline India’s dual approach: advancing renewable energy while ensuring fossil fuel availability. This strategy aims to safeguard energy security during the transition to a low-carbon future.  

Key Highlights  

• ONGC Videsh CEO at CERAWeek 2026  
• Fossil fuels expected to remain for decades  
• Company to explore underexplored regions  
• Energy security balanced with renewable transition  
• India’s dual strategy for sustainable growth  

Sources: Reuters, Business Standard, Economic Times