India- US Discuss Potential Energy Sector Projects

India- US Discuss Potential Energy Sector Projects

  • India and US have mentioned potential energy projects from each nation.
  • The discussions had been held throughout talks co-chaired by US Secretary of energy and Minister of Petroleum and Natural gas.

Overview

  • This digital ministerial assembly befall below the US-India Strategic Energy Partnership (SEP) to
    • Assessment progress
    • Spotlight main accomplishments
    • Priorities new areas for cooperation
  • There had been agreements in
    • Energy effectivity
    • Regulatory consistency
    • Business prospectively
  • The partnership was established in April 2018 recognizing the strategic significance of energy to the US-India bilateral relationship.
  • The two sides have held numerous public-private dialogues to provide industry perspectives on challenges and opportunities to trade and investment across the energy sector.
  • The sides signed a MoU to start cooperation on strategic petroleum reserves operation and upkeep, together with trade of data and greatest practices.
  • The possibility of India storing oil in the US strategic petroleum reserve to increase their nation՚s strategic oil stockpile was also discussed.
  • The two sides additionally launched a public-private Hydrogen Task Force to assist scale up applied sciences to provide hydrogen from renewable energy and fossil gas sources and produce down the price of deployment for enhanced energy safety and resiliency.
  • They also signed an MoU to collaborate on India՚s first ever Solar Decathlon India in 2021.

Examrace Team at Sep 1, 2021