Archive · 15 Sep 2025
India Needs Energy Champions to Cut Import Dependence
India relies heavily on importing oil and gas.
A specialist from KPMG, Anish De, says this is a problem.
India gets almost all its oil and more than half its gas from other countries, making it vulnerable if those countries have issues.
De wants India to build 'energy champions' in both the public and private sectors.
These are companies that can find and produce energy.
He says this process takes a long time – about a decade.
He warns that India needs to produce a lot more energy soon to avoid problems.
Also, he says that it's important to speed up business by resolving legal issues and easing financial barriers to get investment.
India heavily relies on importing oil and natural gas.
Anish De of KPMG emphasizes the need for 'energy champions'.
Building these champions is vital to scale exploration and production.
Long lead times are needed to award acreage to actual production.
India must boost production to avoid future supply problems.
- Who
- Anish De, Global Head of Energy at KPMG
- What
- Discussed India's need to reduce energy import dependence.
- When
- Not explicitly stated, but present time is implied.
- Where
- India
- Why
- To reduce vulnerability to geopolitical developments and ensure energy security.
- Expert Opinion
- Anish De, Global Head of Energy at KPMG
- Import Reliance
- India imports 90% of crude oil and over half of natural gas
- Production Timeline
- 7-10 years from exploration award to production
- Production Need
- Increase oil/gas production by 30-40% in next decade
- Key Issue
- High import dependence creates vulnerability