Page 59 - Policy Economic Report - September 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

The company underlined: “This find, along with other discoveries in the area, can be a candidate for
development through shared facilities enabled by the PNG Rules, 2025, bringing deepwater resources
on stream.

“ONGC will continue to push into deep and ultra-deepwater frontiers in the search for hydrocarbons,
and towards India’s goal of energy security. Hopefully, a new chapter in India’s energy frontier.”

The new gas find builds upon previous regional successes and aligns with the country’s goals to unlock
its deep and ultra-deepwater hydrocarbon potential, curb import dependency, and boost energy
security.

4. India Energy Week 2027 Sets the Stage for Global Energy Dialogue in Kolkata

As India’s energy demand continues to grow amid a rapidly shifting global energy landscape, the
technologies, partnerships and strategic choices shaping the future of energy will be at the forefront
of India Energy Week (IEW) 2027.

Making its debut in Kolkata from 28–31 January 2027 under the theme “Unlocking Innovation.
Securing Energy. Shaping Tomorrow,” the fifth edition of IEW will serve as the first major global energy
conclave of the year, bringing together policymakers, energy leaders, technology innovators,
investors and industry stakeholders from across the world to explore pathways to strengthen global
energy security and advance sustainability.

Held under the patronage of the Ministry of Petroleum and Natural Gas, India Energy Week has grown
rapidly since its debut in Bengaluru in 2023, expanding in scale, international participation and the
breadth of issues addressed. At the fourth edition in Goa in 2026, the event brought together 75,000+
energy professionals, 700+ exhibiting companies, participants from more than 120 countries and
6,500+ conference delegates, reflecting its preeminent position among global energy conclaves.

Union Minister for Petroleum and Natural Gas Shri Hardeep Singh Puri along with Chief Minister of
West Bengal Shri Suvendu Adhikari formally announced Kolkata as the host city for India Energy Week
2027. Shri Adhikari thanked Shri Puri and the Petroleum & Natural Gas Ministry for bringing IEW 2027
to West Bengal. Shri Adhikari said a successful IEW 2027 would help attract new investment, expand
existing projects and create employment opportunities in West Bengal.

The evolution of India Energy Week has taken place alongside India’s increasing importance to the
global energy system. As the world’s fastest-growing major economy, India’s energy demand is
expanding rapidly, while the country continues to balance energy security and affordability with its
transition towards cleaner energy systems. India’s energy choices therefore have implications well
beyond its borders, making the country a centre of the global energy conversation.

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