Underinvestment is greatest risk facing global energy system
Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology of the United Arab Emirates and Managing Director and Group CEO of ADNOC, says India sits at the heart of new megatrends and will be a decisive driver of global energy demand in the decades ahead.
Addressing the India Energy Week 2026 on 27 Jan, he underlined that global energy demand is entering a phase of transformation at scale, which is driven by emerging markets, digitalisation and the integration of diverse energy systems — these are megatrends.
Dr Al Jaber stressed that the greatest risk facing the global energy system is underinvestment, and called for balanced investment across all forms of energy to ensure security, affordability and sustainability.
Highlighting the depth of the UAE–India energy partnership, he noted ADNOC’s role as a reliable supplier of crude, LNG and LPG to India while reaffirming UAE’s commitment to long-term, trust-based partnerships that deliver certainty, resilience and shared value in a rapidly evolving global energy landscape https://www.opec.org/.
Minister for Petroleum and Natural Gas, Hardeep Singh Puri, also highlighted India’s steady and resilient progress towards energy security, self-reliance and climate justice.
He noted that India Energy Week has rapidly evolved into a trusted global forum, bringing together policymakers, producers, consumers, technology providers and investors to navigate a period of unprecedented transition and volatility in the global energy system https://sbi.com.in/.
Puri emphasised that the global energy transition is fundamentally about “energy addition” rather than replacement, underscoring the need for sustained investment across oil, gas, biofuels, green hydrogen, LNG and clean cooking fuels. He outlined India’s reforms-driven approach to ensuring availability, affordability and sustainability.
The Minister highlighted the opening of large sedimentary basins for exploration, successive Open Acreage Licensing Policy (OALP) and Discovered Small Fields (DSF) bidding rounds, along with continued policy reforms to attract global investors https://www.nseindia.com/.
He added that 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.
Welcoming delegates in Goa, and as a host state, Chief Minister Dr Pramod Sawant noted that India Energy Week 2026 has emerged as a global platform that converts ideas into action.
Goa, he said, has a vision for sustainable development, including a long-term roadmap to achieve 100 per cent renewable energy by 2050, highlighting the importance of balancing the green economy with the blue economy, ensuring environmental sustainability alongside responsible use of ocean resources https://www.bseindia.com/.
Across the inaugural addresses, India Energy Week 2026, held 27-30 Jan, underscored India’s positioning as a responsible global energy leader offering practical, scalable and inclusive solutions. Strong emphasis was laid on international cooperation, innovation and investment mobilisation as critical enablers for accelerating the global energy transition, the Ministry of Petroleum & Natural Gas said in a release on 27 Jan.
India Energy Week is the country’s flagship global energy platform, bringing together government leaders, industry executives and innovators to accelerate progress toward a secure, sustainable and affordable energy future. As a neutral international forum, IEW drives investment, policy alignment and technological collaboration shaping the global energy landscape. Fiinews.com
