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POLICY AND ECONOMIC REPORT
                   OIL & GAS MARKET

                  Key Policy developments/Significant news in Energy sector

               IEW’ 25 Witnessed Unprecedented Global Participation and Innovation

               “India Energy Week 2025 (IEW’25) is set to be the first major global event on the energy calendar and the
               most comprehensive and inclusive energy gathering of the year, especially in light of recent global
               developments that are expected to have a transformative impact on the energy market,” said Shri
               Hardeep Singh Puri, Minister of Petroleum & Natural Gas, while interacting with the media.

               Speaking on the sidelines of IEW’25, which was held at Yashobhoomi, Dwarka, from February 11 to 14,
               2025, Shri Puri highlighted India’s growing stature in the global energy landscape. He stated that IEW’25
               is set to be even larger, more diverse, and more impactful than its previous two editions. Covering over 1
               lakh square meters, IEW’25 will be the second-largest energy event globally in terms of ministerial and
               CEO participation, exhibition space, and the number of sessions.

               IEW’25 is set to be a landmark event in the global energy calendar, continuing its rapid growth from
               previous editions. Shri Hardeep Singh Puri, highlighted key metrics showcasing this expansion: a 65%
               increase in exhibition space over 2024 (28,000 sqm), 105 conference sessions (15% higher than 2024, 24%
               higher than 2023), 70,000+ delegates (55% higher than 2024, 89% higher than 2023), 500 speakers (38%
               higher than 2024, 58% higher than 2023), and 700+ exhibitors (57% higher than 2024, 115% higher than
               2023). He touched upon some more key milestones, including a 35% increase in abstracts received as
               compared to last year (2,702 submissions) and a rise in international speakers at the Strategic Conference
               from 33% in 2024 to 48% in 2025.

               The Minister said that on the sidelines of IEW’25, the Ministry of Petroleum & Natural Gas will host a Clean
               Cooking Ministerial, bringing together global policymakers, industry leaders, and experts to accelerate the
               transition to clean cooking solutions. The event will showcase India’s success with the Pradhan Mantri
               Ujjwala Yojana (PMUY) as a model for global adoption. It aims to foster international collaboration, drive
               policy discussions, and facilitate technology sharing to ensure clean, affordable, and accessible cooking
               energy for households worldwide.

               Union Minister for Petroleum & Natural Gas, Shri Puri, underlined the event’s unprecedented scale,
               with 10 country pavilions (including Canada, Germany, Japan, the USA, and the UK) and 8 thematic
               zones covering areas such as hydrogen (1951 sqm), biofuels (1164 sqm), and net zero initiatives (350 sqm).

               The event saw participation from major Indian energy ministries, including the Ministry of Power, MNRE,
               NITI Aayog, and the Ministry of Mines, reflecting India’s commitment to integrated energy solutions, the
               Minister said. The Sustainable Mobility Pavilion, set up by SIAM, will showcase 15 cutting-edge vehicle
               models from 10 OEMs, under the theme “People-Centric Mobility Ecosystem.”

               Minister Shri Puri encouraged attendees to explore pioneering technologies developed by Public Sector
               Undertakings (PSUs). Key exhibits include ONGC’s deep-sea simulation game, HPCL’s indigenous Solid
               Oxide Fuel Cell System, BPCL’s LPG cylinder ATM, and CSIR’s e-tractor for sustainable agriculture.

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