(EnergyAsia, October 20 2017, Friday) — India’s growing importance to the global energy markets was underlined by the attendance of senior officials of international firms and organisations including Saudi Aramco’s president and CEO Amin H. Nasser at an energy forum in New Delhi last week.
CERA’S Indian Energy Forum was also attended by senior executives from OPEC, the International Energy Agency, World Bank, Rosneft, BP, Reliance, Saudi Aramco, ExxonMobil, Royal Dutch Shell, Vedanta, Wood MacKenzie, IHS Markit, Schlumberger, Halliburton, Xcoal, ONGC, IndianOil, GAIL, Petronet LNG, Oil India, HPCL, Delonex Energy, NIPFP, and the International Gas Union.
Indian Prime Minister Narendra Modi underscored the event’s political significance by thanking Russia and Saudi Arabia for their support of his country’s search for energy security.
He called out Russian President Vladimir Putin by name as well as mentioned energy giant Rosneft “for their commitments and support to the energy sector in India.”
While he did not mention King Salman, Modi said he holds warm memories of his recent visit to Saudi Arabia, and “looked forward to various opportunities for cooperation” between the two countries.
In his address, Petroleum and Natural Gas Minister Dharmendra Pradhan said the Indian government has taken “measures to completely overhaul the licensing regime” governing the country’s upstream segment through its Hydrocarbon Exploration and Licensing Policy (HELP) policy. He said the government has also launched the National Data Repository (NDR) to provide investors with full access to geological information.