Prime Minister Narendra Modi will interact with CEOs of leading global Oil & Gas companies while inaugurating India Energy Forum, an annual event organized by NITI Aayog and Ministry of Petroleum and Natural Gas on 26 October 2020 via video conferencing.

 

Around 45 CEOs of major global Oil and Gas companies will attend the event this year as India is an important player in the global Oil and Gas sector being the 3rd largest consumer of crude oil and the 4th largest LNG importer. 

 

The objective behind the meeting is to deliver a global platform to understand best practices, discuss reforms and inform strategies for accelerating investments into the Indian Oil and Gas value chain. The event also grows in stature with the rise of India as the world's third largest energy consumer, which is likely to see over US $300 billion investment by 2030 in the Oil & Gas sector to meet rising demand.

 

Realizing the need for India to graduate from a passive consumer to an active and vocal stakeholder in the global Oil & Gas value chain, NITI Aayog initiated the first roundtable of global Oil & Gas CEOs with the Prime Minister of India in 2016.

 

The inaugural speakers include: Abdulaziz bin Salman AI Saud, Minister of Energy, Kingdom of Saudi Arabia; Dan Brouillette, Secretary of Energy, United States of America; and Dr. Daniel Yergin, Vice Chairman, IHS Markit and Chairman, CERAWeek. 

 

Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Minister of Steel will provide the opening remarks. The opening remarks will be followed by a comprehensive presentation giving an overview of the Oil & Gas Sector and explaining the ambition and opportunities in the Indian Oil & Gas sector.

 

This is to be followed by the interaction session with global CEOs and experts. Key global Oil and Gas stakeholders like Dr. Sultan Ahmed Al Jaber, CEO, Abu Dhabi National Oil Company (ADNOC) and Minister of Industry and Advanced Technology, UAE; Saad Sherida al-Kaabi, Minister of State for Energy Affairs of Qatar; Deputy Chairman, President & CEO, Qatar Petroleum; and Mohammad Sanusi Barkindo, Secretary General, OPEC, Austria will lead the session with their inputs on the Oil and Gas sector.

 

Dr. Igor Sechin, Chairman & CEO, Rosneft, Russia; Bernard Looney, CEO, BP; Patrick Pouyanne, Chairman & CEO, Total; Anil Agarwal, Chairman, Vedanta Resources; Mukesh Ambani, Chairman & Managing Director, RIL; Dr. Fatih Birol, Executive Director, International Energy Agency; Joseph Mc Monigle, Secretary General, International Energy Forum; and Yury Sentyurin, Secretary General, GECF will also share their inputs to the Prime Minister. CEOs and Experts of major Oil & Gas companies like LyondellBasell, Tellurian, Schlumberger, Baker Hughes, JERA, Emerson and X-Coal, Indian Oil & Gas companies will also present their perspective.

 

Prior to this the Prime Minister will inaugurate the India Energy Forum by CERAWeek, now in its fourth year, hosted by IHS Markit, a world leader in critical information, analytics and solutions. 

 

Key topics include: Impact of the pandemic on India’s future energy demand; securing supplies for India’s economic growth; what does energy transition and the climate agenda mean for India; natural gas in India’s Energy Mix: What’s the path; refining & petrochemicals: Strategies midst surplus; the pace of innovation: Biofuel, hydrogen, CCS, electric vehicles and digital transformation and; market and regulatory reform: What is ahead?