Summary:

Mr. Hardeep Puri, Minister of Petroleum and Natural Gas, who is currently in the United States for discussions on energy cooperation, praised the longstanding relationship between India and the United States on sustainable energy. He mentioned ongoing negotiations with US Secretary of Energy Jennifer Granholm in Washington. The US-India Strategic Energy Cooperation includes annual meetings and sub-groups focused on electricity, energy efficiency, and renewable energy.

He commended India’s progress in biofuel development, noting that the country met its 10% blending target ahead of schedule and aims for 20% by October 2025. Recent initiatives, such as the Green Hydrogen Conference in Delhi, reflect strong collaboration. He addressed concerns about Western pressure on India regarding Russian oil, denying any such allegations, and praised the oil trade with Russia for stabilizing global prices. He anticipates signing several memoranda of understanding to strengthen India’s exploration and production sector.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.