Prime Minister Narendra Modi used the opening of India Energy Week 2026 to frame India’s next phase of energy build-out as an investor-led infrastructure story, arguing that the country’s push for “energy independence” creates as much as $500 billion in investable opportunity across the energy system.

He positioned the opportunity less as a single mega-project than as the cumulative spend required to expand, modernize, and secure the plumbing of a fast-growing economy, including refining, transport logistics, gas infrastructure, and upstream exploration, so India can rely less on imported fuels and imported capabilities.

Libya has signed a long-duration oil development agreement that, if executed, would represent one of the largest upstream investment packages in the country since 2011, and a clear signal that Tripoli is trying to re-open the door to major Western capital despite Libya’s unresolved political fragmentation.

Prime Minister Abdulhamid al-Dbeibah said the government concluded a 25-year deal through Waha Oil Company with TotalEnergies and ConocoPhillips, involving more than $20 billion in foreign-financed investment. He said the project is intended to lift production capacity by as much as 850,000 barrels per day and could generate more than $376 billion in net revenues over the life of the agreement.

China is preparing to launch a domestic-listed, yuan-denominated LNG futures contract on the Shanghai Futures Exchange as soon as next month, in what is effectively a bid to pull a larger share of Asian gas price risk management, and eventually price formation, onshore.

The strategic logic is straightforward: China is the world’s largest LNG buyer, yet most hedging and most contractual indexation still reference benchmarks built around Western or non-Chinese hubs (TTF, Henry Hub) or the broader Northeast Asia marker (JKM).