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India Energy Forum: Pradhan invites global oil & gas and other energy companies to collaborate with India

Around 40 global CEOs of oil and gas companies, as well as Indian CEOs from public and private companies, participated in the event and presented their views, suggestions and shared investment plans

Around 40 global CEOs of oil and gas companies, as well as Indian CEOs from public and private companies, participated in the event and presented their views, suggestions and shared investment plans.

New Delhi: Union Minister of Petroleum and Natural Gas Dharmendra Pradhan has invited the global industry and experts to become partners in India’s shared prosperity by enhancing India’s production of all forms of energy. Speaking at the concluding session of ‘CERA Week India Energy Forum’ late on Wednesday evening, the minister said that the inauguration of the India Energy Forum by Prime Minister Narendra Modi is reflective of the importance that the government attaches towards improving the energy security, architecture and landscape of the country at a time when the COVID-19 pandemic is impacting the global energy sector adversely.

Pradhan said that the PM inaugurated the event for the first time and outlined his energy vision – a new energy map of India, with seven key drivers. The minister underlined the key message of the Prime Minister about the rapid strides made by India in taking universal electrification to the village level, ensuring clean cooking fuel reaches far and wide in the country to each and every household, and nation-wide supply of LED bulbs, leading to massive energy efficiency, thereby delivering on India's promise of significantly reducing energy poverty in the country.

Pradhan said that the PM on the first day of the event interacted with CEOs & experts and leaders of the world’s leading oil and gas companies and exchanged ideas on the energy sector in India. He said that Modi highlighted that at the core of the government policy is providing equitable access to clean, affordable and sustainable energy to all Indians. Modi underlined that the government is taking a series of policy reforms to make India an attractive destination. The Prime Minister also mentioned that a self-reliant India will be a force multiplier for the global economy.

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Pradhan said the Indian oil and gas industry has made significant strides in recent years. It has risen to the occasion in a commendable manner during these challenging times by ensuring energy supplies, including making clean cooking fuel reach the remotest part of the country. “I am confident the leaders of Indian oil & gas industry not only contributed their experiences but also will take home fresh ideas from this forum,” he said.

The minister said that under the decisive and visionary leadership of the PM, the government is making concerted efforts and taking all necessary steps to make the energy sector the driver of India’s economic growth during and in the post-Covid period. He said that the world is going through an unprecedented health crisis and the COVID-19 pandemic is obstructing the economic growth in the world. “We are at such a point, when we have to assess the impact of COVID-led disruptions to global energy sector supply chains and calibrate our approach towards the strengthening of India’s energy sector,” Pradhan added.

Pradhan thanked the participants of the event, especially HRH Prince Abdulaziz, Ministry of Energy of Saudi Arabia and HE Dan Brouillette, US Secretary of Energy, for their special inaugural messages during the India Energy Forum. The minister also thanked Finance Minister Nirmala Sitaraman and Minister of Railways, Commerce and Industry Piyush Goyal for joining the event.

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Around 40 global CEOs of oil and gas companies, as well as Indian CEOs from public and private companies, participated in the event and presented their views, suggestions and investments in the country. Addressing the industry leaders, the Prime Minister had stated that with India’s energy demand estimated to double in the next two decades, India has a unique role to play in rebuilding a more sustainable world.

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