India and US plan to further strengthen their Strategic Energy Partnership that was launched in New Delhi in April last year. This may include larger energy imports from the US by the world’s third-largest oil importer’ state run firms such as Indian Oil Corporation Ltd. (IOCL).
Also, according to reports state-run Petronet LNG Ltd may ink a deal with US liquefied natural gas (LNG) developer Tellurian Inc for around $2 billion in the proposed Driftwood project in Louisiana.
This comes in the backdrop of Prime Minister Narendra Modi’s visit to the energy resource rich country where he will be addressing an energy round table in Houston on Sunday morning (India time).
With China and India nearing an arrangement to form a buyers’ bloc, US has pitched itself as a preferred energy partner to India. Read more
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