The impact of United Arab Emirates’ (UAE) announcement to exit the Organization of the Petroleum Exporting Countries (OPEC) on global energy markets is not known yet, however India’s top priority should be building energy resilience in these times, ANI reported Sagar Adani, Executive Director, Adani Green Energy, as saying.
“I think time will tell in terms of whether this move will either disrupt or, in my opinion, stabilise the world energy markets. Obviously, India and the UAE enjoy an exceptional country-to-country geopolitical relationship. The countries are very close, the leaderships are very close, and they enjoy a lot of trust and confidence with each other. So we think that from an India point of view, it will be a net-net positive in a way,” Adani said, adding, “Whatever has happened with OPEC yesterday, the answer to all of this for India is energy resilience.”
Expressing his views on larger energy landscape encompassing the ongoing the Strait of Hormuz disruption, Adani observed that the situation is unfortunate and India has been able to manage the crisis and ensured that it did not affect people significantly.
