IEW 2026 Days I & II: A $500bn investment opportunity?

India Energy Week 2026 got underway in Goa, India, on Tuesday with yours truly in attendance to hear the Prime Minister of India Narendra Modi, who declared the event open via video-link and noted that the energy sector was at the heart of his country's aspiration's for the future. 

India's burgeoning economy needs energy, and his government is working overtime to ensure security of supply of all sources traditional and renewable. The move holds over $500 billion investment opportunities, according to the PM. 

It certainly seems that way with more than 75,000 attendees from over 120 countries in attendance and 700-plus exhibitors here in Goa. Making a pitch for his nation, PM Modi urged them to "Make in India, Innovate in India, Scale with India, and Invest in India." 

Later on in the opening morning's proceedings, India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri emphasised on the diversity of supply with over 40-plus crude oil suppliers. 

He also noted: "India's rapid expansion of LPG coverage, clean cooking access and diversified energy mix reflect the country's commitment to inclusive growth and equitable energy access." 

Additionally, it was widely acknowledged on the first day of India Energy Week that the country remains on track to meeting its 500GW renewable energy capacity target for 2030. The opening day also heard market observations of ADNOC Group CEO Dr Sultan Al Jaber in his keynote address to the event.  

"From air conditioning to AI, exponential growth in energy demand will require all forms of energy. Oil demand will remain over 100 million barrels per day for a good few decades yet. As the world third's largest consumer of oil and power, India is an unquestionable driver of global demand that energy sector players simply cannot ignore," Dr Al Jaber told India Energy Week delegates. 

As the event's exhibition floors opened their doors and the dialogues began in earnest, the Oilholic also began his flurry of speaking engagements. 

This kick-started with a fireside chat on day one with Mohsin Hamed Al Hadhrami, Undersecretary, Ministry of Energy & Minerals, Oman on his country's energy sector potential, minerals industry and how it can be a strategic trading partner for India and indeed the world (See above left). 

With 30-odd insightful conversations successfully negotiated on day one, Wednesday - day two - brought a similar number of panels and dialogues to the fore, with yours truly keeping busy with three sessions of his own. 

The first of these was a fireside chat with Tim Hodgson, Minister of Energy and Natural Resources, Canada, who set out his country's stall for a reset and reboot of relations with India drawing a line under the diplomatic spats of 2023. Hodgson outlined an array of commodities Canada could reliably supply to India, not just oil and natural gas, and that a state visit to the country by Prime Minister Mark Carney was imminent. (See above right)

Following the fireside, yours truly hosted two unique panels. The first of these, was titled 'Global South clean energy solidarity: powering South-South cooperation for a shared future.' 

The panellists included Prof. Elmutasim Ibrahim Ahmed Ali, Minister of Energy and Petroleum, Republic of Sudan, Ralph Regenvanu, Minister of Climate Change Adaptation, Meteorology and Geo-Hazards, Energy, Environment and Disaster Management of Vanuatu, and Indra Mani Pandey, Secretary General, BIMSTEC (see left).

We discussed strategic energy solidarity, and how policymakers can empower the Global South’s geopolitical voice in the evolving multi-polar world order, reflective of the rising economic weight behind its emerging and diverse markets.

The second of the Oilholic's panels touched on establishing global models for city gas distribution (CGD) networks, with panellists Suresh Manglani, Executive Director and CEO, Adani Total Gas Limited, Goutom Chakraborty, CEO, GAIL Gas Limited, Kamal Kishore Chatiwal, MD, Indraprastha Gas Limited, Abhilesh Gupta, MD and CEO, THINK Gas, and Sandeep Jain, Former Executive Director, Gas, Indian Oil Corporation Limited (See right), 

As CGD markets are projected to more than double in size to $30 billion in the coming decade, we discussed which strategic models, collaborations and technologies will be key to delivering the next phase of international development. Well that's all for now folks. As the second half of India Energy Week 2026 approaches, there's more to follow. Keep reading, keep it here, keep it 'crude'! 

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To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma, January 2026. Photo I: Energy Analyst Gaurav Sharma at India Energy Week 2026 in Goa, India. Photo II: India's Minister for Petroleum and Natural Gas Hardeep Singh Puri speaks at India Energy Week 2026. Photo III: Energy Analyst Gaurav Sharma hosts India Energy Week 2026 session with Mohsin Hamed Al Hadhrami, Undersecretary, Ministry of Energy & Minerals, Oman. Photo IV: Energy Analyst Gaurav Sharma hosts India Energy Week 2026 session with Tim Hodgson, Minister of Energy And Natural Resources, Canada. Photos V & VI: India Energy Week panels hosted by Energy Analyst Gaurav Sharma. © Photos I & II: Gaurav Sharma, January 2026. © Photo III: Sammy Ahmed, KPMG. © Photos IV, V & VI: India Energy Week / dmgevents, January 2026.