The Oil & Gas Year India 2017
India is unique among the world’s major economies in that it has greatly benefitted from the period of low oil prices. The world’s largest democracy has used the new price reality to snap up overseas assets and renegotiate existing contracts, using its insatiable thirst for crude as leverage.
In TOGY’s report on India in 2017, leading politicians, chairmen of leading public sector undertakings and other key players in the energy industry discuss the country’s role in the global energy pecking order, the Sagar Mala project to modernise India’s ports, the ever growing importance of LNG as a fuel in the country and the newly launched Hydrocarbon Exploration and Licensing Policy, designed to attract greater investment into India’s hydrocarbons industry by simplifying many of the procedures required for exploration and production of resources.
The book begins with an interview with Minister of State for Petroleum and Natural Gas Dharmendra Pradhan, and features insights from Minister of Power, Coal, New and Renewable Energy and Mines Piyush Goyal. Also featured are Ajay Kumar Dwivedi and Tapas Kumar Sengupta from ONGC, as well as the largest NOC’s managing director, Narendra K. Verma. Additionally, the report includes perspectives from prominent industry leaders, such as B. Ashok, chairman of Indian Oil Corporation, Prabhat Singh, CEO and managing director of Petronet LNG, P. Elango, managing director of Hindustan Petroleum Corporation and many players from the Essar Group. Related government officials, such as Atanu Chakraborty, director-general of the Directorate General of Hydrocarbons, and Deepak Shetty, director-general of the Directorate General of Shipping, offer their unique viewpoints.
The Oil and Gas Year India Strategic Roundtable, held in New Delhi and featuring Minister Pradhan and K.D. Tripathi, secretary at the Ministry of Petroleum and Natural Gas, brought together more industry leaders, including R.K. Malhotra, director-general of the Petroleum Federation of India and Ashish Bhandari, president and CEO of GE Oil & Gas India to discuss India’s revived oil and gas industry in the context of the global energy scenario.
As India becomes an ever more important and strategic player in the global energy industry, The Oil and Gas Year India 2017 offers unparalleled insights into the thoughts, frames of reference and comments from the country’s most important participants.