OIL & GAS

US seeks broader energy ties with India amid signs of demand recovery

The US on Wednesday pitched for deeper energy ties with India and said it wants to reduce trade and investment barriers between the two nations to create business opportunities on both sides.

Speaking at the India Energy Forum of CERAWeek, US energy secretary Dan Brouillette thanked India’s oil minister Dharmendra Pradhan for playing a role in stabilising the energy markets that witnessed unprecedented volatility post breakout of the coronavirus pandemic.

With Indian economy growing at “an enormous pace”, the current $10 billion of energy trade between the two nations is just the “start of what will be a very long and prosperous relationship between the two countries,” he said.

The US, he said, wants to share with India technologies that it has developed in areas such as upstream oil and gas exploration, battery storage and solar photovoltaic cells.

He said the emergence of the US as the world’s third-biggest supplier of liquefied natural gas (LNG) means “security and stability” for economies around the world.

Source
Times of india
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