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Global energy majors line up plans, appear bullish on India's prospects

India imports around 8.5 million tonnes per annum of liquefied natural gas from Qatar under two long-term contracts.

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India now allows 100 per cent FDI in exploration and production projects and has permitted 49 per cent FDI in public sector refining under the automatic route.

Shine Jacob New Delhi

4 min read Last Updated : Oct 28 2020 | 2:28 AM IST

Global oil and gas majors lined up their plans for India while appearing bullish on the country’s prospects as a gas and renewable energy market during an interaction with Prime Minister Narendra Modi on Monday night. Modi invited industry majors for further investment in India’s energy sector and also sought innovative ideas from them to drive growth.

The event, held on a virtual platform, extended for almost two-and-a-half hours. It witnessed participation of around 40 chief executive officers (CEOs) from the oil and gas sector, with around 28 leaders presenting their views to the Prime Minister.

Each industry leader spoke

Topics : oil and gas India imports Renewable energy market

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