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India Developing Strategy to Bolster Petro Trade with US
Mint Bangalore
|February 15, 2025
India is developing a three-pronged strategy to strengthen its petroleum trade with the US, focusing on long-term crude oil purchases, liquefied natural gas (LNG) agreements, and building strategic oil reserves in America, officials said on Friday.
The initiative follows discussions between Prime Minister Narendra Modi and President Donald Trump aimed at expanding bilateral energy trade, said two senior officials who asked not to be named.
The plans include revitalizing the US-India Strategic Energy Partnership, established in April 2018, which had shifted away from fossil fuels during President Joe Biden's administration, the officials added.
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