Modi To Interact With CEO’s Of Leading Global Oil & Gas Companies, Inaugurate India Energy Forum On Monday

Modi To Interact With CEO’s Of Leading Global Oil & Gas Companies, Inaugurate India Energy Forum On Monday

NEW DELHI || Prime Minister Narendra Modi will interact with CEOs of leading Global Oil & Gas Companies in the annual event organized by NITI Aayog and Ministry of Petroleum and Natural Gas on Monday, via video conferencing.

India is an important player in the global Oil and gas sector being the 3rd largest consumer of crude oil and the 4th 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 & Gas value chain, NITI Aayog initiated the first roundtable of global Oil & Gas CEOs with the Hon’ble Prime Minister of India in 2016.

The growth of the event was apparent as around 45-50 global CEOs and key stakeholders who shape the global Oil & Gas sector assembled every subsequent year to interact and discuss the issues and opportunities with the Hon’ble Prime Minister.

The impact of the annual global CEO’s interaction can be seen in the gravity of discussion, quality of suggestions and the seriousness with which they are acted upon.

This the 5th such event organized by NITI Aayog and Ministry of Petroleum & Natural Gas. Around 45 CEOs of major Oil and Gas companies will attend the event this year.

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 & Gas sector to meet rising demand.

Prior to this the Prime Minister will inaugurate the India Energy Forum by CERAWeek, now in its fourth year. It is hosted by IHS Markit, a world leader in critical information, analytics and solutions. The event will convene an international group of speakers and a community of overa a thousand delegates from India and over 30 countries, including from regional energy companies, energy-related industries, institutions and governments.

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