New Delhi: The first international energy summit in India – “Urja Sangam 2015: Shaping India’s Energy Security” – to be inaugurated by Prime Minister Narendra Modi at Vigyan Bhavan in New Delhi on March 27 will bring together Ministers, CEOs, joint venture partners, industry leaders, academia, technology innovators, policy-makers and thought leaders on a single platform to deliberate the challenges and opportunities of shaping the energy security of India in a rapidly changing energy landscape and an intensely integrated world.
Tis event will focus on showcasing India’s promising potential in the Hydrocarbon sector to the world and on creating an investor-friendly atmosphere. Urja Sangam will create long-term business opportunities by drawing a road map to firm up the country’s energy security, integration of downstream, midstream and upstream segments, besides firming up cooperation agreements with key global players.
The Delhi conclave will become a forum to chart the future of the Hydrocarbon Industry in India and to nourish its all-round development. Dharmendra Pradhan, Minister of State for Petroleum & Natural Gas, considers Energy security as the backbone of the key government initiatives and according to him, this event will focus on showcasing India’s promising potential in the Hydrocarbon sector to the world and on creating an investor-friendly atmosphere. Urja Sangam will create long-term business opportunities by drawing a road map to firm up the country’s energy security, integration of downstream, midstream and upstream segments, besides firming up cooperation agreements with key global players.
Besdies Pradhan, Union Finance Minister Arun Jaitley, and Minister for Communication & IT Ravi Shankar Prasad, renowned author and speaker Dr Daniel Yergin will also address the summit.
All the state-owned companies in the petroleum sector have joined hands with India’s foremost international petroleum company ONGC Videsh, engineering giant Engineers India Limited and refining major Indian Oil Corporation’s Barauni Refinery who are celebrating their glorious journey of 50 years, this year. This important event is being steered by the Indian Ministry of Petroleum & Natural Gas.
Urja Sangam 2015 , shall surely be able to provide the platform and environment for the future of energy gambit. Honourable PM Shri.Modi ji in his inaugural speech stated that we should be able to reduce our import of crude in 2022 by 10 % , which works out to nearly 24 MMT . This is to state that the Indian platers have a big challenge in hand. With a 4% increase in demand every year we expect a demand of 238MMT .The challenge to the indian PSU and specifically for ONGC is daunting. India has to produce 79 MMT and ONGC share comes to 52.5MMT.This challenge is acceptable and possible. Redevelopment plans for brown fields , technology application in specific fields, Revamping of some infrastructure , Development of new fields , Equity oil and above all working to a plan well shaped with technology input from global partner, indian collaborators and above all the village level society partner. Making the ground level man a party to the Work /Strategy is most important wherein the concept ” All round development” is made possible.
I as an “Energy Warrior” a term I give to all the new as well as the old oil industry player wish a great start to the new and pious work we have entered in to.