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PM Modi to interact with global oil & gas sector CEOs, experts on Oct 20

PM Narendra Modi will interact with the CEOs and experts of global oil and gas sector on October 20 at 6 pm through video conferencing
PM Modi to interact with global oil & gas sector CEOs, experts on Oct 20
PM Modi to interact with global oil & gas sector CEOs, experts on Oct 20
  • The broad theme of the upcoming interaction is promotion of clean growth and sustainability
  • Oil and gas sector CEOs and experts from leading multinational corporations and top international organisations will be participating in this exchange of ideas

New Delhi: Prime Minister Narendra Modi will interact with the CEOs and experts of global oil and gas sector on October 20 at 6 pm through video conferencing, an official statement from the Prime Minister’s Office (PMO) said on Tuesday. “This is the sixth such annual interaction which began in 2016 and marks the participation of global leaders in the oil and gas sector, who deliberate upon key issues of the sector and explore potential areas of collaboration and investment with India,” the statement added.

Oil & gas sector CEOs meet: Theme

The broad theme of the upcoming interaction is promotion of clean growth and sustainability. The interaction will focus on areas like encouraging exploration and production in the hydrocarbon sector in India, energy independence, gas-based economy, emission reduction through clean and energy-efficient solutions, green hydrogen economy, enhancement of biofuels production and waste-to-wealth creation. Oil and gas sector CEOs and experts from leading multinational corporations and top international organisations will be participating in this exchange of ideas, said the statement.

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Union Minister of Petroleum and Natural Gas Hardeep Singh Puri will be present on the occasion.

Backdrop

The interactive meet comes as India is focussed on achieving producing targets of 40 MT of Oil and 50 BCM of gas by 2023-24 and will require an investment of about $50 billion in the next four years. The government has on several occasions exuded confidence over the robust growth in energy demand that India is poised to witness and has stressed on the growing role of oil and sector in catering to the energy demand in the long run.

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