PM to communicate with CEOs of leading international oil and gas companies Monday

PM to communicate with CEOs of leading international oil and gas companies Monday

The goal behind the meeting is to provide a worldwide platform to comprehend best-practices, go over reforms, and inform methods for accelerating financial investments into the Indian oil & gas value chain

Subjects
Narendra Modi | oil and gas sector | oil and gas

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

The Prime Minister’s Workplace (PMO) stated that this is the fifth such event organised by the NITI Aayog and Ministry of Petroleum and Natural Gas, and around 45 CEOs of significant oil and gas companies will attend the roundtable this year.

The objective behind the conference is to provide a worldwide platform to understand best-practices, discuss reforms, and inform methods for speeding up investments into the Indian oil and gas worth chain, the PMO stated in a statement.

The annual interaction has actually gradually become one of the most important events of not only intellectual debate however likewise of executive action, it stated.

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

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

India is an essential player in the worldwide oil and gas sector, being the 3rd largest customer of petroleum and the 4th biggest LNG importer, the PMO said.

Understanding the need for India to finish from a passive customer to an active and vocal stake-holder in the global oil and gas value chain, NITI Aayog initiated the very 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 global CEOs and crucial stakeholders who form the global oil and gas sector assembled every subsequent year to engage and discuss the concerns and chances with the prime minister, the PMO said.

The impact of the annual global CEOs interaction can be seen in the gravity of conversation, 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 thorough discussion giving an overview of the oil and gas sector, and explaining the ambition and chances in the sector in India.

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

Secret worldwide oil and gas stakeholders like Sultan Ahmed Al Jaber, CEO Abu Dhabi National Oil Company (ADNOC) and Minister of Industry and Advanced Technology, 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 Company, France; Joseph Mc Monigle, Secretary General, International Energy Online 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 major oil and gas business like Lyondell Basell, Tellurian, Schlumberger, Baker Hughes, JERA, Emerson and X-Coal, Indian oil and gas companies, will also present their point of view.

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

The occasion will assemble a global group of speakers and a neighborhood of over a thousand delegates from India and over 30 nations, including from regional energy companies, energy-related industries, organizations and federal governments.

The inaugural speakers consist of 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 subjects to be explored during India Energy Online forum consist of effect of the pandemic on India’s future energy need; protecting products for India’s economic development; what does energy transition and the climate agenda imply for India; and natural gas in India’s energy mix.

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