PM interacts with CEOs and Experts of Global Oil and Gas Sector

Published By : Admin | October 20, 2021 | 21:17 IST
Share
 
Comments
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 raeform 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.

Share your ideas and suggestions for Mann Ki Baat now!
PM invites participation for ‘Pariksha Pe Charcha 2022'
Explore More
Kashi Vishwanath Dham is a symbol of the Sanatan culture of India: PM Modi

Popular Speeches

Kashi Vishwanath Dham is a symbol of the Sanatan culture of India: PM Modi
How Ministries Turned Dump into Cafeterias, Wellness Centres, Gyms, Record Rooms, Parking Spaces

Media Coverage

How Ministries Turned Dump into Cafeterias, Wellness Centres, Gyms, Record Rooms, Parking Spaces
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Prime Minister to address NCC PM Rally at Cariappa Ground on 28 January
January 27, 2022
Share
 
Comments

Prime Minister Shri Narendra Modi will address the National Cadet Corps PM Rally at Cariappa Ground in Delhi on 28th January, 2022 at around 12 Noon.

The Rally is the culmination of NCC Republic Day Camp and is held on 28 January every year. At the event, Prime Minister will inspect the Guard of Honour, review March Past by NCC contingents and also witness the NCC cadets displaying their skills in army action, slithering, microlight flying, parasailing as well as cultural programmes. The best cadets will receive medal and baton from the Prime Minister.