India’s Union Petroleum Minister, Hardeep Singh Puri, is planning visits to the US and UAE to strengthen the country’s energy diplomacy. His goal is to secure long-term oil and gas contracts and explore new energy sources.
Key Points:
- US Visit: In September, Puri will attend the Gastech 2024 event in Houston, where he’ll meet with major US energy companies.
- UAE Visit: In November, he’ll head to the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) to further India’s energy goals.
- India’s Energy Strategy: India is working hard to boost its domestic oil and gas production and reduce reliance on imports. The government has invited global companies to invest in India’s energy sector, which could offer up to $100 billion in opportunities by 2030.
- Existing Partnerships: US companies like ExxonMobil and Chevron are already collaborating with India’s state-run ONGC on energy projects.
- Securing Supplies: India is negotiating long-term oil and gas contracts with global suppliers to ensure stable energy prices and secure its energy needs.
India imports about 85% of its energy, making these efforts crucial for its future energy security.
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