[Washington DC]India And USA Review Bilateral Energy Cooperation In Oil and Gas
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:
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.
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).
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