November 05, 2024 14:55 (IST)
India-US bilateral energy cooperation talks
Washington/New Delhi, Jul 19 (IBNS): Dharmendra Pradhan, Minister of State (I/C) for Petroleum & Natural Gas met the US Secretary of Energy Dr Ernest Moniz in Washington on Monday. The two Ministers reviewed bilateral energy cooperation, especially in oil and gas sector between the two countries.
The two sides agreed to enhance institutional and technical cooperation in specific areas:
· Assessment and reassessment of conventional and unconventional hydrocarbon reserves in India, both in onshore and offshore;
· New technologies in development of biofuel(2nd generation ethanol and bio-diesel);
· Development of petroleum storage
The bilateral energy cooperation between the two countries had started in the form of energy dialogue in 2005 under which oil and gas is also discussed. Over the last decade, several areas of interest for cooperation like technology for production from marginal fields, shale structures, developing gas pipeline network, improving refinery efficiency etc.had been identified. During the meeting yesterday, the two Ministers agreed that there is a need for regular meetings of officials and experts from both sides for progress in cooperation in concrete areas.
It may be noted that GAIL has contracted for import of LNG from the US to the tune of 5.8 MMT per year from end 2017. Indian companies have also invested in shale oil and gas projects in the US, i.e. GAIL has 20% equity in Eagle Ford basin; IOC and OIL have 10% equity in Niobrara basin).
On the margins, Pradhan also received US Special Envoy & Coordinator for International Energy Affairs Amos Hochstein. He also addressed a gathering of business leaders, energy experts and senior US Government officials organised by Daniel Yergin, Vice President of IHS.
Image: PIB
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Former British Columbia premier Ujjal Dev Dosanjh slams attack on Hindu temple in Canada Tue, Nov 05 2024
Completely unacceptable to see violence targeting worshippers at the Hindu Sabha Mandir, posts Canadian opposition leader on X Tue, Nov 05 2024
Not all private properties are community resources that govt can take over: Supreme Court Tue, Nov 05 2024
Comprehensive Strategic Partnership between India and Australia is growing steadily, says S Jaishankar after meeting Penny Wong Tue, Nov 05 2024
Hindu Canadians protest against attack by pro-Khalistani supporters on Brampton temple Tue, Nov 05 2024
Peel Regional Police suspend officer who was seen participating in protest outside Hindu temple in Canada Tue, Nov 05 2024