The long-running Russia-Ukraine war is likely to play a role in underscoring India’s progress in achieving targets for renewable energy and climate change.

Prices for oil and natural gas are rising worldwide. Delivery interruption is not excluded.
Natural gas plays a growing role as the conversion of petroleum from renewable fuels to renewable energy sources such as the sun and wind, which are climate-dependent and seasonal sources, as India aims to increase its renewable energy capacity to 500 GW to meet 50% of its energy consumption by -2030.

Compared to a diesel truck, for example, an LNG truck emits 30% less CO2, 90% less NO2 and PM, and no SO2, according to American Petroleum Institute. India’s draft LNG (Liquefied Natural Gas) policy seeks to make 10% of long-haul trucks LNG compatible in the country.
Natural gas comprises 6.5% of India’s energy mix at the present, but the plan is to have 15% of natural gas in its primary energy basket by 2030.

Rising global gas prices could affect India as Russia not only has one of the world’s largest natural gas reserves, but also one of the largest ports. India produces only part of its natural gas needs in the country and imports surpluses from Qatar, Australia and the US.

India imports only Russia about 2.5 million tons of LNG annually, which is cheaper than from other countries. Gail and Gazprom, the world’s largest gas producer, have a 20-year contract, starting in 2018. India has expressed interest in importing more Russian natural gas.
To enable the use of more natural gas, the draft LNG policy has also set a target of regassification of 42.5 million tonnes per annum (mtpa) of 70 mtpa by 2030 and 100 mtpa by 2040. Regassification is converting LNG to natural gas. It helps in overcoming the challenges of storage and transportation of natural gas. LNG takes 600 times lesser storage space than natural gas and can be transported in the absence of gas pipelines.

Of late, a strong case has been building for increasing the use of natural gas as a transition fuel to lead to the production of hydrogen after the recent unveiling of the Green Hydrogen Policy, which has set a target of producing 5 million tonnes of green hydrogen by 2030 and promoting associated renewable energy generation as the basic input for its production.

Green hydrogen is produced by electrolyzing water — splitting it into hydrogen and oxygen— with the help of renewable energy.