India Is An Engine Of Global Energy Demand Growth: WEF's Espen Mehlum

India is an engine of global Energy demand growth, says WEF's Espen Mehlum in a special conversation with Business Today on the sidelines of India Energy Week 2026. Mehlum also highlighted that while India fuels a substantial amount of global demand, a future opportunity is looming for Oil Marketing Companies (OMCs). Currently, "New energy" sources like Biofuels, Green Hydrogen, and e-fuels account for only 2% of global oil production, leaving a vast gap for OMCs to bridge through increased production of sustainable alternatives.