By Admin 
Igor Sechin, CEO of Russian oil company Rosneft, has made a big prediction about India. He has said that about 50 percent of the new oil demand that will increase in the world in the coming decade will come from India alone. This means that India can gradually become the biggest driving force of the global energy market.
Why will India become the largest oil consumer?
According to Igor Sechin, India’s rapidly growing economy, increasing population, urbanization and increase in vehicle use are the main reasons for this. He said that by 2035, India’s oil consumption can increase by about 44% to about 8 million barrels per day. He says that the demand for energy is increasing fastest in developing countries, but India is at the forefront among them. Therefore, India’s role in the global oil market will become even more important in the coming years.
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Big change in the global energy market
Rosneft CEO also indicated that the world’s energy structure is changing. Demand for oil may be stable or slow in developed countries, but demand will increase rapidly in developing countries like India. For this reason, a large part of the global oil demand growth will be linked to India. He also said that India is not just an oil consumer but is becoming the center of global energy strategy.
Growing impact of Russia-India energy partnership
Sechin also said that the oil supply to India from Russia has strengthened the economic cooperation between the two countries. Since 2022, India and China have benefited billions of dollars from cheap Russian oil. This makes it clear that the global energy market is no longer just a game of supply and demand, but the role of geopolitics has also increased significantly in it.
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What will be the challenge in the coming times?
Although this growth is an opportunity for India, it also comes with challenges. The increasing demand for oil means that the country’s import dependence may increase further. If prices go up in the international market, it will have a direct impact on petrol-diesel and inflation. According to experts, to strengthen its energy security, India will also have to work rapidly on renewable energy and alternative fuels.