Page 45 - Policy Economic Report - Jan 2026

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Key Policy developments/Significant news in Energy sector

PM interacts with Energy Sector CEOs

Prime Minister Shri Narendra Modi interacted with CEOs of the global energy sector as part of the ongoing
India Energy Week (IEW) 2026, at his residence at Lok Kalyan Marg earlier today.

During the interaction, the CEOs expressed strong confidence in India’s growth trajectory. They conveyed
their keen interest in expanding and deepening their business presence in India, citing policy stability,
reform momentum, and long-term demand visibility.

Welcoming the CEOs, Prime Minister said that these roundtables have emerged as a key platform for
industry-government alignment. He emphasized that direct feedback from global industry leaders helps
refine policy frameworks, address sectoral challenges more effectively, and strengthen India’s position as
an attractive investment destination.

Highlighting India’s robust economic momentum, Prime Minister stated that India is advancing rapidly
towards becoming the world’s third-largest economy and will play a decisive role in the global energy
demand-supply balance.

Prime Minister drew attention to significant investment opportunities in India’s energy sector. He
highlighted an investment potential of around USD 100 billion in exploration and production, citing
investor-friendly policy reforms introduced by the government. He also underscored the USD 30 billion
opportunity in Compressed Bio-Gas (CBG). In addition, he outlined large-scale opportunities across the
broader energy value chain, including gas-based economy, refinery–petrochemical integration, and
maritime and shipbuilding.

Prime Minister observed that while the global energy landscape is marked by uncertainty, it also presents
immense opportunity. He called for innovation, collaboration, and deeper partnerships, reiterating that
India stands ready as a reliable and trusted partner across the entire energy value chain.

The high-level roundtable saw participation from 27 CEOs and senior corporate dignitaries representing
leading global and Indian energy companies and institutions, including TotalEnergies, BP, Vitol, HD
Hyundai, HD KSOE, Aker, LanzaTech, Vedanta, International Energy Forum (IEF), Excelerate, Wood
Mackenzie, Trafigura, Staatsolie, Praj, ReNew, and MOL, among others. The interaction was also attended
by Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri and the Minister of State for
Petroleum and Natural Gas, Shri Suresh Gopi and senior officials of the Ministry.

MoPNG Organised High-Level Upstream Engagements on Financing, Regulatory Reforms and Promotion
of New Exploration Bid Rounds

The Ministry of Petroleum and Natural Gas (MoPNG) organized a series of upstream-focused
engagements in Mumbai on 19 January 2026. The day-long programme witnessed strong and diverse
participation from domestic and international upstream operators, E&P service providers, global
consulting firms, leading public and private sector financial institutions, insurers, academia and industry

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