India Energy Week (IEW) 2026 opened on Tuesday in Goa, bringing together over 75,000 energy professionals, 700 exhibitors, and delegates from more than 120 countries. The event positions India as a global hub for energy dialogue, cooperation, and action amid a rapidly evolving international energy landscape.
Addressing the conference, Sultan Ahmed Al Jaber, Managing Director and CEO of Abu Dhabi National Oil Company (ADNOC) said that ADNOC has made India its main market for liquefied natural gas and is working to expand its gas portfolio to include Asia and Africa and added, oil demand will remain above 100 million barrels per day until 2040.
Prime Minister Narendra Modi who virtually inaugurated the fourth edition of IEW, highlighted India’s status as the world’s fastest-growing major economy and emphasizing the opportunities rising domestic energy demand presents for global suppliers and investors and congratulated all stakeholders on the EU-India trade deal and termed it a major development.
He noted that India is already among the top five petroleum product exporters, supplying energy to over 150 countries, according to Indian news reports.
Calling for international collaboration, PM Modi referenced the proposed EU–India Free Trade Agreement as the “Mother of All Deals,” aimed at strengthening trade, complementing existing agreements, and reinforcing global supply chains.
He invited investments across the entire energy value chain, including exploration and refining, announcing plans to invest USD 100 billion in oil and gas by 2030. With 260 MMTPA refining capacity, India — currently the world’s second-largest refiner — aims to expand capacity beyond 300 MMTPA to become the global leader.
Highlighting cleaner fuels, the Prime Minister stated that India targets 15 per cent of its total energy demand from LNG, while encouraging investment in LNG infrastructure, terminals, and vessel manufacturing. He emphasized India’s commitment to energy independence through domestic capacity creation and globally competitive exports. “Make in India, Innovate in India, Scale with India, and Invest in India,” he urged, pointing to nearly USD 500 billion in sectoral investment opportunities.
Petroleum Minister Hardeep Puri welcomed delegates, noting IEW’s rapid rise as one of the world’s most influential energy platforms. With 550 speakers addressing 110 strategic and technical sessions, the conference provides a forum for global leaders, policymakers, and industry captains to shape the future of energy cooperation.
Addressing global energy challenges, Minister Puri noted that nearly 80 per cent of incremental global energy demand comes from emerging and developing economies, especially in Asia, even as millions worldwide still lack access to electricity and clean cooking fuels. He stressed that the energy transition must balance sustainability with energy security and affordability, while continuing to rely on conventional sources like oil and gas to meet rising demand and maintain system resilience.
Highlighting India’s progress, the Minister detailed government reforms to strengthen upstream oil and gas, expand exploration, and attract global investment, alongside measures protecting citizens from fuel price volatility. He reaffirmed India’s clean-energy commitment, pointing to nearly 20 per cent ethanol blending achieved in 2025, rapid advances in bioenergy and compressed biogas, and plans to scale nuclear capacity to 100 GW by 2047. New opportunities in shipbuilding, maritime energy logistics, and Global Capability Centres were also emphasized.
Minister Puri called for deeper international cooperation, noting India’s readiness to partner globally in building a secure, resilient, and inclusive energy future. He expressed confidence that IEW 2026 would serve as a catalyst for transforming dialogue into actionable partnerships that benefit economies worldwide.
Virtually addressing the fourth edition of the India Energy Week (IEW) 2026, the Prime Minister congratulated all stakeholders on the EU-India trade deal and termed it a major development.
“A significant agreement was signed between India and Europe on Monday,” he said, adding that the pact is being discussed as the ‘mother of all deals’ and will create vast opportunities for 140 crore Indians and millions of Europeans.
Calling it an excellent example of coordination between two major economies, Modi said the agreement will strengthen global trade and supply chains. He noted that the India-EU FTA will complement India’s trade agreements with the United Kingdom and the European Free Trade Association (EFTA).
During his address, PM Modi also said that India’s energy sector presents immense opportunities, backed by the country’s position as the world’s fastest-growing major economy and a continuously rising demand for energy products. He added that India is also well-placed to meet global energy demand.
