IEW 2025 closes; Puri says IEW has established itself as world’s 2nd-largest energy platform

New Delhi: Terming India Energy Week (IEW) 2025 a “success,” Minister for Petroleum and Natural Gas Hardeep Singh Puri said that within a short span of three years, the forum has established itself as the world’s second-largest energy platform. Speaking at the closing ceremony of IEW 2025 on Friday, Puri highlighted the measurable success of India Energy Week 2025 through its unprecedented participant and exhibitor numbers and technical paper submissions. The minister said that the event has exceeded expectations by encompassing a comprehensive range of sectors, including petroleum, natural gas, green energy, biofuel, and CBG, showcasing remarkably innovative developments. The fourth edition of IEW is slated to take place in Goa.

IEW 2025 has distinguished itself from other energy forums: Puri

The minister emphasised that IEW 2025 distinguished itself from other global energy forums by facilitating actual business transactions rather than merely serving as a networking platform. Puri specifically highlighted practical innovations such as the cost-effective conversion kit demonstrated at the HPCL stall, designed for enabling biofuel usage in two and three-wheelers. Additionally, the minister also expressed satisfaction at the convergence of investors, manufacturers, and consumers, particularly evident in the display of flex fuel vehicles.

Speaking on India-US energy cooperation, the minister noted the substantial progress in bilateral relations, particularly in the natural gas sector. He highlighted India’s stated goal of increasing natural gas consumption to 15 percent in its energy mix from about 6 percent currently, emphasising the strategic importance of the relationship with the United States for Liquified Natural Gas (LNG) supplies.

ORDA bill will ensure policy predictability for E&P sector: Puri

Addressing reforms in the Exploration and Production (E&P) sector, Puri detailed the scale of Open Acreage Licensing Program (OALP) Round X, covering about 200,000 square kilometers, which was launched on the sidelines of IEW 2025. The minister explained that enhanced interest in this round has been driven by systematic reforms in the regulatory regime, transitioning from production to revenue sharing mechanisms, along with the proposed amendments to Oilfields (Regulation and Development) Act 1948.

Outlining the Petroleum Ministry’s priorities, the minister emphasised focus on E&P, stressing the importance of expert collaboration and the proposed changes to regulatory framework that allows appropriate compensation for resource discovery to the stakeholders in the sector.

The minister highlighted the significance of the amendments, passed by the Rajya Sabha, in ensuring policy predictability, particularly regarding windfall tax implementation. He emphasised the removal of discretionary elements in policy implementation as a move toward more transparent governance in the energy sector.

Emergence of new oil sources from Western Hemisphere beneficial for India: Puri

Discussing the global energy scenario, the minister observed that the new US administration’s push for increased oil supply has created favorable conditions in global markets. He noted the emergence of new oil sources from the Western Hemisphere, including Brazil, Argentina, Suriname, Canada, US, and Guyana, as beneficial for major consuming nations like India. Puri expressed complete confidence in India’s international investments in the oil and gas assets across Brazil, Venezuela, Russia, and Mozambique.

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