India: Oil & Gas Meeting IEA Chief Meets Indian PM and Petroleum and Natural Gas Minister
Dr Fatih Birol, Executive Director of IEA met India’s leaders at the 16th International Energy Forum Ministerial that was held in New Delhi, India. The event debated the future of global energy security.
New Delhi/India – Dr Fatih Birol, the International Energy Agency’s (IEA) Executive Director, recently visited New Delhi for an official visit to meet with government leaders and participate in the 16th International Energy Forum Ministerial.
India was welcomed into the IEA Family in 2017 as an Association member, expanding the IEA’s partnership for a more secure and sustainable energy future with the world’s third-largest energy consumer. Following Prime Minister Narendra Modi’s opening address at the event that called for responsible energy pricing that balances the interests of producers and consumers, Dr Birol provided a keynote scene-setting presentation to the International Energy Forum Ministerial.
His remarks covered the need for investment in upstream oil to meet rising demand and offset decline in mature fields, how competitive prices are vital for growth in gas markets, the rapid growth in solar and wind, and prospects for reaching universal access to electricity, including India’s significant achievements over recent years in this respect.
Following his presentation, Dr Birol held a bilateral meeting with Dharmendra Pradhan, Minister for Petroleum and Natural Gas. Minister Pradhan and Dr Birol discussed how the IEA can best support India’s efforts to enhance its emergency preparedness and oil security and agreed that the IEA will work closely with the Indian industry and government on these issues. They also discussed India’s reforms to encourage investment in oil and gas exploration through its new Hydrocarbon Exploration and Licensing Policy (HELP).