The goal behind the meeting is to deliver a global platform to understand best-practices, go over reforms, and inform strategies for speeding up investments into the Indian oil & gas worth chain

Narendra Modi | oil and gas sector | oil and gas

Prime Minister Narendra Modi will interact with CEOs of leading international oil and gas companies on Monday at an annual event organised by the NITI Aayog and the Ministry of Petroleum and Natural Gas.

The Prime Minister’s Office (PMO) said that this is the fifth such occasion arranged by the NITI Aayog and Ministry of Petroleum and Gas, and around 45 CEOs of significant oil and gas business will go to the roundtable this year.

The objective behind the conference is to provide a global platform to understand best-practices, talk about reforms, and inform strategies for accelerating financial investments into the Indian oil and gas value chain, the PMO said in a declaration.

The yearly interaction has slowly turned into one of the most important events of not just intellectual argument however likewise of executive action, it stated.

The event also grows in stature with the increase of India, the world’s third-largest energy customer, which is most likely to see investment of over $300 billion by 2030 in the oil and gas sector to meet the increasing demand, the PMO said.

The prime minister will connect with the CEOs at 5.30 pm IST on October 26 by means of video conference, the statement stated.

India is an essential gamer in the international oil and gas sector, being the third biggest customer of crude oil and the fourth biggest LNG importer, the PMO stated.

Realising the requirement for India to graduate from a passive consumer to an active and vocal stake-holder in the worldwide oil and gas value chain, NITI Aayog initiated the first roundtable of worldwide oil and gas CEOs with the prime minister in 2016.

The growth of the occasion was apparent as around 45-50 international CEOs and crucial stakeholders who shape the international oil and gas sector put together every subsequent year to engage and discuss the problems and chances with the prime minister, the PMO said.

The effect of the annual international CEOs interaction can be seen in the gravity of discussion, quality of tips and the severity with which they are acted upon, it said.

Minister of Petroleum and Natural Gas and Minister of Steel Dharmendra Pradhan will make the opening remarks at the event, followed by a detailed presentation providing an introduction of the oil and gas sector, and discussing the ambition and chances in the sector in India.

This will be followed by the interaction session with global CEOs and specialists.

Secret international oil and gas stakeholders like Sultan Ahmed Al Jaber, CEO Abu Dhabi National Oil Business (ADNOC) and Minister of Industry and Advanced Innovation, UAE; Saad Sherida al-Kaabi, Minister of State for Energy Affairs of Qatar, Deputy Chairman, President & CEO, Qatar Petroleum; Mohammad Sanusi Barkindo, Secretary General, OPEC, Austria, will lead the session with their inputs on the oil and gas sector.

Igor Sechin, Chairman & CEO, Rosneft, Russia; Bernard Looney, CEO, BP Ltd.; Patrick Pouyanne, Chairman & CEO, Total SA France; Anil Agarwal, Chairman of Vedanta Resources Limited; Mukesh Ambani, Chairman and Handling Director, RIL; Fatih Birol, Executive Director, International Energy Agency, France; Joseph Mc Monigle, Secretary General, International Energy Forum, Saudi Arabia; and Yury Sentyurin Secretary-General, the Gas Exporting Countries Forum will likewise share their inputs with the PM.

CEOs and experts of significant oil and gas companies like Lyondell Basell, Tellurian, Schlumberger, Baker Hughes, JERA, Emerson and X-Coal, Indian oil and gas business, will likewise provide their point of view.

Prior to this, the prime minister will inaugurate the India Energy Forum by CERAWeek, now in its 4th year. The forum is hosted by HIS Markit, a world leader in vital information, analytics and services.

The event will assemble an international group of speakers and a community of over a thousand delegates from India and over 30 countries, consisting of from regional energy business, energy-related industries, institutions and federal governments.

The inaugural speakers include Saudi’s Minister of Energy Abdulaziz bin Salman AI Saud, United States Secretary of Energy Dan Brouillette and Vice Chairman, HIS Markit, Chairman, CERAWeek, Daniel Yergin.

Secret topics to be explored during India Energy Forum consist of effect of the pandemic on India’s future energy need; securing materials for India’s economic development; what does energy transition and the climate program indicate for India; and natural gas in India’s energy mix.

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