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Text of PM’s address at the inauguration of India Energy Forum

Text of PM’s address at the inauguration of India Energy Forum

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Rays of Sun brighten the journey of human progress. Like the seven horses driving the chariot of Sun god, India’s energy map will have seven key drivers. These drivers of change are:

1. Accelerating our efforts to move towards a gas-based economy.

2. Cleaner use of fossil fuels particularly petroleum and coal

3. Greater reliance on domestic sources to drive bio-fuels.

4. Achieving the renewables target of 450 GW by 2030.

5. Increasing the contribution of electricity to de-carbonize mobility.

6. Moving into the emerging fuels including hydrogen

7. Digital innovation across all the energy systems.

There will be continuity of these robust energy policies that have been in place over the last six years.

The meeting, held over a virtual platform, was attended by nearly two dozen top CEOs, including UK’s BP Plc head Bernard Looney, French energy giant Total’s Chairman Patrick Pouyanne and Russian oil major Rosneft CEO Igor Sechin. Abu Dhabi National Oil Co CEO Sultan Ahmed Al Jaber and Qatar Petroleum President Saad Sherida al-Kaabi also attended the meeting. The Indian side included Reliance Industries Ltd Chairman Mukesh Ambani and Vedanta Resources head Anil Agarwal. Oil cartel OPEC Secretary-General Mohammad Sanusi Barkindo, International Energy Agency Executive Director Fatih Birol and International Energy Forum Secretary-General Joseph Mc Monigle also attended the meet. US LNG firm Tellurian CEO Charif Souki and Lyondell Basell Industries chief executive Bhavesh V Patel too participated in the meeting that also saw attendance from leading service providers such as Schlumberger and Baker Hughes

Anand Gupta Editor - EQ Int'l Media Network
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