PM Modi to interact with 45 CEOs of global oil & gas companies on Oct 26

• Pradhan will give the opening remarks, which will be followed by a comprehensive presentation giving an overview of the oil and gas sector

• Around 45 CEOs of major oil and gas companies will attend the event this year

New Delhi: Prime Minister Narendra Modi will interact with the CEOs of leading global oil and gas companies in the annual event organised by the NITI Aayog and Ministry of Petroleum and Natural Gas on October 26 at 6.00 PM IST. Dharmendra Pradhan, Minister of Petroleum and Natural Gas, will give the opening remarks, which will be followed by a comprehensive presentation giving an overview of the oil and gas sector, and explaining the ambitions and opportunities in the Indian oil and gas sector.    

This is the fifth such event being organised by NITI Aayog and the Petroleum Ministry. Around 45 CEOs of major oil and gas companies will attend the event this year. 

Here's who will attend the event this year

Key global oil and gas stakeholders like ADNOC CEO HE Dr Sultan Ahmed Al Jaber, Minister of State for Energy Affairs of Qatar, Deputy Chairman, President and CEO of Qatar Petroleum, HE Saad Sherida al-Kaabi, OPEC Secretary General HE Mohammad Sanusi Barkindo will lead the session with their inputs, said an official statement.

Rosneft Chairman and CEO Dr Igor Sechin, BP Ltd CEO Bernard Looney, Total SA Chairman & CEO Patrick Pouyanne, Vedanta Resources Limited Chairman Anil Agarwal, RIL Chairman & Managing Director Mukesh Ambani, International Energy Agency (IEA) Executive Director Dr Fatih Birol, International Energy Forum Secretary General Joseph Mc Monigle, and GECF Secretary General Yury Sentyurin will also take part in the panel discussions. Experts from Tellurian, Lyondell Basell, Schlumberger, Baker Hughes, JERA, Emerson and X-Coal, Indian oil and gas companies will also present their perspectives. 

The backdrop

India is an important player in the global oil and gas sector being the third-largest consumer of crude oil and the fourth-largest LNG importer. Realising the need for India to graduate from a passive consumer to an active and vocal stake-holder in the global oil and gas value chain, NITI Aayog initiated the first roundtable of global oil and gas CEOs with the Prime Minister in 2016. 

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Around 45-50 global CEOs and key stakeholders who shape the global oil and gas sector have assembled every subsequent year to interact and discuss the issues and opportunities with the PM. "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 annual interaction has gradually become one of the most important gatherings of not only intellectual debate but also of executive action. The event also grows in stature with the rise of India, the world's third-largest energy consumer, which is likely to see over USD 300 billion investment by 2030 in the oil and gas sector to meet rising demand," the statement said.

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