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17th Virtual ASEAN Summit: PM Modi stresses on the strategic importance of Indo-Pacific region
ASEAN Group has been the core of our Act East Policy from the beginning: PM Modi
Enhancing all types of connectivity between India and ASEAN - physical, economic, social, digital, financial, maritime - is a major priority for us: PM

Namaste,

Excellency, Prime Minister Nguyen Suwon Phuc,

Excellencies,


Like every year, we could not take our traditional Family Photo by holding each other's hand! But still I am happy that we all are meeting via virtual medium.

First of all, I have all praise for Vietnam, the current Chair of ASEAN, and Thailand, India's current country coordinator in ASEAN. Despite the COVID led painful problems, you have fulfilled your responsibilities well.

Excellencies,

India and ASEAN's Strategic Partnership is based on our shared rich historical, geographical and cultural heritage. The ASEAN Group is the nodal center of our Act East Policy since the very beginning.

There is ample closeness between India's "Indo Pacific Oceans Initiative" and ASEAN's "Outlook on Indo Pacific". We firmly believe that a "Cohesive and Responsive ASEAN" is essential for "Security and Growth for All in the Region".

Speeding up all types of connectivity initiatives between India and ASEAN - physical, economic, social, digital, financial, maritime - is the top priority for us.

We have come very close in all these areas in the last few years. I believe that today's interaction, even if it is happening via virtual medium, will be advantageous in further reducing our differences.

I once again thank all of you for today's interaction.

‘মন কী বাত’ৰ বাবে আপোনাৰ ধাৰণা আৰু পৰামৰ্শ এতিয়াই শ্বেয়াৰ কৰক!
সেৱা আৰু সমৰ্পণৰ ২০ বছৰক সূচিত কৰা ২০ খন আলোকচিত্ৰ
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PM interacts with CEOs and Experts of Global Oil and Gas Sector
October 20, 2021
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Our goal is to make India Aatmanirbhar in the oil & gas sector: PM
PM invites CEOs to partner with India in exploration and development of the oil & gas sector in India
Industry leaders praise steps taken by the government towards improving energy access, energy affordability and energy security

Prime Minister Shri Narendra Modi interacted with the CEOs and Experts of the global oil and gas sector earlier today, via video conferencing.

Prime Minister discussed in detail the reforms undertaken in the oil and gas sector in the last seven years, including the ones in exploration and licensing policy, gas marketing, policies on coal bed methane, coal gasification, and the recent reform in Indian Gas Exchange, adding that such reforms will continue with the goal to make India ‘Aatmanirbhar in the oil & gas sector’.

Talking about the oil sector, he said that the focus has shifted from ‘revenue’ to ‘production’ maximization. He also spoke about the need to enhance  storage facilities for crude oil.  He further talked about the rapidly growing natural gas demand in the country. He talked about the current and potential gas infrastructure development including pipelines, city gas distribution and LNG regasification terminals.

Prime Minister recounted that since 2016, the suggestions provided in these meetings have been immensely useful in understanding the challenges faced by the oil and gas sector. He said that India is a land of openness, optimism and opportunities and is brimming with new ideas, perspectives and innovation. He invited the CEOs and experts to partner with India in exploration and development of the oil and gas sector in India. 

The interaction was attended by industry leaders from across the world, including Dr. Igor Sechin, Chairman & CEO, Rosneft; Mr. Amin Nasser, President & CEO, Saudi Aramco; Mr. Bernard Looney, CEO, British Petroleum; Dr. Daniel Yergin, Vice Chairman, IHS Markit; Mr. Olivier Le Peuch, CEO, Schlumberger Limited; Mr. Mukesh Ambani, Chairman & Managing Director, Reliance Industries Limited; Mr Anil Agarwal, Chairman, Vedanta Limited, among others.

They praised several recent achievements of the government towards improving energy access, energy affordability and energy security. They appreciated the leadership of the Prime Minister towards the transition to cleaner energy in India, through visionary and ambitious goals. They said that India is adapting fast to newer forms of clean energy technology, and can play a significant role in shaping global energy supply chains. They talked about ensuring sustainable and equitable energy transition, and also gave their inputs and suggestions about further promotion of clean growth and sustainability.