PM Narendra Modi to inaugurate India Energy Week in Goa on February 6

Energy Ministers from 17 nations to discuss energy issues at India Energy Week

Prime Minister Narendra Modi will inaugurate on Tuesday the second edition of the India Energy Week (IEW), set to bring together 17 energy ministers from key oil producers such as Nigeria, Libya, Sudan, and Ghana.

Modi will interact with chief executive officers of global oil and gas companies and experts, the petroleum and natural gas ministry, which organises the IEW, said on Monday.

Top executives of major companies such as Russia’s Rosneft and Saudi Arabia’s Aramco will be there.

At last year’s IEW, Modi had said even as India remained committed to green growth, the country would need major investment in the oil and gas sector.

IEW 2024 will have speakers from regulatory bodies, renewable and alternative fuel associations and companies, policy researchers, and consultants, the ministry said.

Haithan Al Ghais, secretary general of the Organization of the Petroleum Exporting Countries, will attend the function.

With sustainability as a prime focus, the conference will see global decision makers deliberate on the future of sustainable energy.

The government hopes the event will cement India as a key policy driver on energy on the global stage, as distinct from being just a large buyer of energy.

The country’s share in global oil demand is 5 per cent and is expected to rise to 11 per cent, whereas gas demand is expected to increase up to 500 per cent.

The event is expected to draw over 35,000 attendees, 350 exhibitors, 400 speakers and 4,000 delegates, from more than 100 countries.

Other announcements

Modi will lay the foundation stones of projects worth over Rs  1,330 crore in the Viksit Bharat, Viksit Goa 2047 programme.

He will inaugurate the new campus of the National Institute of Watersports. The institute, the first of its kind, is set to introduce 28 tailor-made courses aimed at fostering the development of water sport and water-rescue activities, catering to both the public and the armed forces. 

He may visit the new ONGC (Oil and Natural Gas Corporation) Sea Survival Centre, which has been developed as a one-of-its-kind centre to elevate the training ecosystem on Indian sea survival to global standards, the company said.

It is expected to train 10,000-15,000 people annually. Exercises in simulated and controlled harsh weather conditions will enhance the sea survival skills of trainees and thus increase the chances of safe escape from disasters.