Blog

February 20, 2024

6 – 9 February 2024, Goa, India

India, as the 3rd largest energy consumer globally, is at the heart of the global energy dialogue. With its thriving economy and expanding population, the country is projected to witness the largest increase in energy demand, making it a significant contributor to global energy demand growth. Under the leadership of the Hon'ble Prime Minister Shri Narendra Modi, India has unveiled ambitious plans to steer towards a greener future. These plans aim to tackle climate change while fostering sustainable growth on a global scale.

To meet India's goals of providing secure, accessible, affordable, and sustainable energy, substantial investments will be directed across the entire energy supply chain. These investments offer unparalleled opportunities for the global energy community to contribute to transforming one of the world's most crucial energy markets. Serving as a dynamic platform to drive global energy demand discussions, India Energy Week 2024 will facilitate collaborative dialogues by convening experts, policymakers, and industry leaders. India Energy Week will highlight India's role in the global energy ecosystem, enhancing global perspectives on energy security, sustainability, innovation, and the challenges posed by surging energy demand.

Building on the success of the 2023 edition, inaugurated by the Honrable Prime Minister of India, Shri Narendra Modi, India Energy Week 2024 will act as a global marketplace showcasing the technologies and services shaping the energy systems of the future. India Energy Week 2024 held under the patronage of the Ministry of Petroleum & Natural Gas, Government of India, and officially supported by the Federation of Indian Petroleum Industry (FIPI), the international exhibition and conference returns from 6 – 9 February 2024 in Goa, India.

Hon’ble Minister of Petroleum and Natural Gas and Housing and Urban Affairs Shri Hardeep Singh Puri says “Our multi-pronged strategy to diversify our energy mix safely and sustainably will see India transition to a gas-based economy, bolstered by alternative energy sources including renewables, biofuels and green hydrogen. India Energy Week is the new forum initiated by MoPNG in the year of India’s G20 Presidency, inviting business leaders and innovators from across India to share insights into its pioneering approach”

A DYNAMIC ENERGY LANDSCAPE

• Global consumption to increase from 7% to 13-14% by 2050
• Oil demand to grow from 236.9 Mtoe (2022) to 451.9 Mtoe (2050)
• 4th largest importer of liquefied natural gas
• 35-40 GW of renewable energy to be added annually
• India is set to be the 3rd largest economy by 2030
• Natural gas consumption to grow by 25 BCM with a 9% annual growth rate until 2024

 

INDIA ENERGY WEEK KEY HIGHLIGHTS:

1. A GLOBAL GATHERING OF ENERGY EXPERTS

India Energy Week 2024 shall expect over 35,000 attendees, 350 exhibitors, 400 speakers, and 4,000+ delegates from more than 100 countries, India Energy Week 2024 is set to be a truly global gathering. Policymakers, business leaders, and energy pioneers will converge to collaborate, discover new opportunities, and strengthen partnerships in the pursuit of sustainable energy solutions.

 

2. INDIA'S ROLE IN GLOBAL ENERGY DIALOGUE

The world's third-largest energy consumer, India plays a pivotal role in the global energy dialogue. With a booming economy and a growing population, the country is projected to witness the most significant increase in energy demand globally. Under the visionary leadership of Prime Minister Shri Narendra Modi, India is committed to steering towards a greener future.

Address the challenges posed by climate change and foster sustainable growth, India has unveiled the "Panchamrit" initiative, representing a five-point pledge towards climate change:

• Non-fossil Energy Capacity: India aims to reach 500 GW by 2030.
• Carbon Intensity Reduction: By 2030, India will reduce the carbon intensity of its economy by less than 45%.
• Renewable Energy Share: India targets meeting 50% of its energy requirements from renewable sources by 2030.
• Net-Zero by 2070: India pledges to achieve net-zero by the year 2070.
• Emission Reduction: India aims to reduce total projected carbon emissions by one billion tonnes by 2030.

 

INDIA ENERGY WEEK CONFERENCES

The India Energy Week conferences will serve as a premier platform for extensive discussions and knowledge exchange, hosting over 400 speakers and 4,000 delegates. The Strategic Conference will bring together Ministers, global CEOs, and influential business leaders to deliberate on the trends shaping the future of energy. The Technical Conference will showcase energy experts and pioneers who will share their technical expertise, innovative research, and industry best practices.

Strategic Conference

Global economic uncertainty remains elevated, weighing on growth, increasing risk of economic stagnation and sustained high inflation. In addition, recent geopolitical events have amplified challenges with soaring energy prices, impacting consumer demand and slowing industrial growth. OECD’s 2023 Economic Outlook forecasts global GDP growth for 2023 at 2.7%, the lowest annual rate since the global financial crisis, except for the pandemic year.

Developing countries are uniquely affected by these challenges. According to the United Nations, 2.4 billion people lack access to cleaner cooking fuels and close to 700 million people lack access to electricity. These countries are also disproportionally impacted by the worst effects of climate change including extreme weather events. In fact, 2022 was one of the warmest years on record, and those recorded temperatures are likely to be surpassed in 2023 and 2024. Therefore, the urgency to ensure just, secure, affordable, and sustainable energy supply is greater than ever before.

Developed in line with India’s global priorities and net-zero vision, the India Energy Week 2024 strategic conference will invite global energy ministers, CEOs, policymakers and business leaders to contemplate, deliberate and take decisive steps to navigate the ever-evolving energy landscape across a wide range of ministerial, leadership and spotlight sessions, delegates will hear vital insights into the trends, challenges and opportunities shaping the energy sector.

Technical Conference

Asia has become the world's largest and fastest growing energy demand centre. Propelled by rapid economic progress, Asian countries are shaping new supply chains, corridors, and pathways for secure and sustainable energy future.

Current trends are prompting governments to pay closer attention to the resilience and diversity of clean energy supply chains. Tight energy markets have triggered a reassessment of energy policies and priorities, resulting in profoundly recalibrated global energy trade. Sustainability of previously well-established flows of oil and gas is being increasingly questioned, with strong economic foundations, a young aspirational population, and an investment friendly environment, India emerges as the epicentre of the global energy landscape, with the energy sector representing one of the most critical components of India’s growth. India Energy Week 2024 will showcase India’s achievement as a catalyst for global economic growth with billions of dollars of investment needed to facilitate India’s energy transition and achieve its net-zero goals.

Drawing on the expertise of technical professionals, business leaders, and industrial end users, the India Energy Week Technical Conference offers energy professionals access to the latest industry knowledge and research findings, new project developments, state of the art technologies and industry best practices. The Technical Conference programme is created through the call for papers that was opened for abstract submissions to all companies operating within oil, gas, renewable and alternate energy, and the utilities value chain.

 

3. INDIA'S PATH TO SUSTAINABILITY

Rapidly advancing economic powerhouse, India faces the twin challenge of surging energy demand while mitigating its carbon footprint. In response, Hon’ble Prime Minister Shri Narendra Modi launched the concept of “Panchamrit” at COP 26, representing a blend of five essential elements. “Panchamrit” underscores India’s commitment to addressing climate change and fostering sustainable growth on a global scale.

'Panchamrit': India's Five Point Pledge Towards Climate Change

• India will take its non-fossil energy capacity to 500 GW by 2030
• By 2030, India will reduce the carbon intensity of its economy by less than 45%
• India will meet 50% of its energy requirements from renewable energy by 2030
• By the year 2070, India will achieve target of net-zero
• India will reduce the total projected carbon emissions by one billion tonnes till 2030

INDIAN ENERGY WEEK 2O23

AGENDA

https://forms.indiaenergyweek.com/download-strategic-conference-brochure/

FIVE REASONS TO VISIT INDIA ENERGY WEEK

1. Source Products & Services: Explore thousands of innovative products, services, and solutions from 350+ global exhibiting companies.
2. Connect with Global Energy Leaders: Network with key decision-makers, government, private, and regulatory leaders shaping energy developments in India and globally.
3. Gain New Insights: Attend sessions with 400+ global speakers addressing key energy challenges and take away actionable insights.
4. Discuss Future Expansions: Engage with government bodies and industry colleagues to explore business expansion opportunities in India.
5. International Perspective: Explore the latest developments within the global energy ecosystem through more than 10 exhibiting international pavilions.

CONCLUSION

In conclusion, India Energy Week 2024 stands as a beacon illuminating the path towards a sustainable and resilient energy future for India and the world. Building on the year-long discussions under India's G20 Presidency and following on the pledges of COP28, India Energy Week 2024 will be a pivotal platform for global ministers, policymakers, CEOs, academics and the global energy industry to foster collaboration, advance dialogue and accelerate action on climate commitments. The conference programmers will provide strategic and technical insights around key trends shaping the future of energy, cross-sector partnerships, investments, and technologies influencing the energy landscape, and the way forward to ensuring secure, resilient, affordable, and sustainable energy models.