New Delhi, April 10, 2026: The head of Oil and Natural Gas Corporation (ONGC) has stressed the urgent need for India to aggressively pursue oil exploration while simultaneously diversifying its energy sources to ensure long-term energy security.
Speaking on the country’s energy strategy, the ONGC chief asserted that India must continue exploring oil “at any cost” to reduce its heavy dependence on imports and strengthen domestic production capabilities.
He highlighted that India remains significantly reliant on crude oil imports, making it vulnerable to global supply disruptions and geopolitical uncertainties, particularly in regions like West Asia.
The ONGC chief emphasized that increasing domestic exploration activities is critical to mitigating risks associated with volatile international oil markets and fluctuating prices.
At the same time, he underlined the importance of diversifying energy sources, including natural gas, renewables, and alternative fuels, to create a balanced and resilient energy mix.
He noted that ONGC is already taking steps to expand its footprint beyond traditional oil and gas by investing in areas such as petrochemicals, LNG, and renewable energy.
The company has also been working towards building a cleaner energy portfolio, with plans to significantly scale up its renewable energy capacity in the coming years.
The ONGC chief further pointed out that energy transition does not mean abandoning fossil fuels immediately, but rather managing a gradual shift while maintaining supply stability.
He added that India’s growing economy and rising energy demand make it essential to adopt a dual approach-boosting domestic hydrocarbon production while accelerating the adoption of green energy.
Industry experts believe that such a strategy will help India navigate global energy uncertainties while ensuring sustainable growth in the long term.
Overall, the remarks underline the critical balance India must maintain between securing immediate energy needs through oil exploration and preparing for a cleaner, diversified energy future.
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