India Energy Week 2024 concludes in Goa with immense success


India Energy Week 2024 concludes in Goa with immense success

Building on the success of the 2023 edition, inaugurated by Hon’ble Prime Minister of India Shri Narendra Modi, India Energy Week 2024 was held from 6th – 9th February 2024 in Goa, India. The four-day event, inaugurated by the Hon’ble Prime Minister Shri Narendra Modi, featured global oil, gas, biofuels and renewable companies, utilities & power generation, technology & services exhibiting their products and services. The platform allowed the global energy ecosystem to collaborate, innovate and grow through meaningful partnerships across the energy spectrum.

Hon’ble Prime Minister Shri Narendra Modi inaugurated India Energy Week (IEW) 2024 at IPSHEM- ONGC Training Institute, Goa, on 6th February 2024, under the theme of Growth, Collaboration, Transition. Held under the patronage of Ministry of Petroleum and Natural Gas (MoP&NG), Government of India and organised by the Federation of Indian Petroleum Industry (FIPI) from 6th to 9th February 2024, IEW highlighted India’s leadership in the battle against climate change while allowing stakeholders across the energy spectrum to freely exchange ideas and explore opportunities under one roof.

With India’s rising global stature in the global energy ecosystem, IEW 2024 hosted at Goa was termed to be more grand, diverse, and impactful than its inaugural edition. Hon’ble Governor of Goa, Shri P.S. Sreedharan Pillai, Hon’ble Chief Minister of Goa, Shri Pramod Sawant, Hon’ble Union Minister of Petroleum & Natural Gas and Housing & Urban Affairs, Shri Hardeep S. Puri and Hon’ble Minister of State for Petroleum & Natural Gas and Labour & Employment, Shri Rameshwar Teli graced the occasion. Further, the event witnessed over 35,000 attendees, 350 exhibitors, 400 speakers spread across 80 conference sessions and 4,000 delegates from over 120 countries.

In the inaugural address, Hon’ble Prime Minister Shri Narendra Modi emphasised India’s commitment to unprecedented levels of investment in the energy sector while addressing the gathering of global energy leaders. The Prime Minister also underlined that the massive government spending in the sector will create new avenues for investment in India. Prime Minister Narendra Modi also inaugurated the integrated Sea Survival Training Centre, ONGC Institute in Goa.

During the inaugural day, Hon’ble Union Minister of Petroleum & Natural Gas and Housing & Urban Affairs, Shri Hardeep Singh Puri participated in a ministerial panel titled ‘‘Ensuring energy security for nations and industry in a VUCA world” along with Hon’ble Minister(s), Saad bin Sherida Al Kaabi, Energy Affairs, Qatar, Vickram Bharrat, Minister of Natural Resources Republic of Guyana, and Secretary General OPEC, Haitham Al Ghais. In his press conference, Hon’ble Union Minister of Petroleum & Natural Gas and Housing & Urban Affairs, Shri Hardeep Singh Puri commended the technology innovations showcased at the exhibitions, including advancements in biofuels and renewable energy. The minister also highlighted that while India will account for 25% of incremental global oil demand over the next two decades, the growth will not only be restricted to exploration and production activities but will also extend to biofuels.

Further, several ministerial, leadership, technical sessions and roundtables were held that explored varied themes like energy transition of the global south, building a future ready energy stack, chartering the roadmap of alternate fuels for energy optionality and impact of localization, regionalization and globalization on energy-related industrialization and manufacturing processes.

To further enhance the event, FIPI exhibited a stall at IEW 2024. The stall displayed infographics related to its- core competencies and major advocacy areas, publications such as Annual Report and quarterly & monthly publications, member and partner organizations, various studies carried out etc. Further, as part of FIPI student chapter initiative, FIPI extended sponsorship support towards participation of two students from each of 11 FIPI chapter institutions in the event. Besides this, the students from local institutes were also given an opportunity to gain insights about developments in the oil and gas sector, particularly in the field of energy transition. In terms of coverage, the local citizens of the whole state of Goa including school and college students also visited the exhibition during the event.  

At the closing ceremony, the Energy Startup Challenge awards were presented with Iron Technologies securing the first prize, followed by Vasitara Private Limited in the second place and Aloe Ecell in the third place. Honourable mentions went to Biofuels Junction and VDT Pipeline Integrity Solutions, showcasing the innovation and entrepreneurial spirit within the Indian energy sector.

Reinforcing the event's significance in the global energy sector calendar, Hon’ble Union Minister of Petroleum & Natural Gas and Housing & Urban Affairs, Shri Hardeep S. Puri announced the next edition of IEW which will take place at Yashobhoomi, the India International Convention and Expo Centre in New Delhi from February 11-14, 2025.

For more details:

Day 1 - 6th February 2024

Day 2 - 7th February 2024

Day 3 - 8th February 2024

Day 4 - 9th February 2024