India and US Strengthen Energy Ties

In a strategic move to address trade imbalances and bolster energy cooperation, India is fast-tracking its efforts to import more liquefied natural gas (LNG) from the United States. This initiative follows high-level discussions between Indian Prime Minister Modi and US President Trump, aiming to deepen bilateral trade relations.

GAIL's Strategic Move

State-run gas utility GAIL has taken a significant step by inviting expressions of interest for acquiring a 26% stake in a US LNG project. Additionally, the company is seeking a 15-year gas sourcing contract, marking a pivotal moment in India-US energy trade.

Boosting Energy Imports

India has committed to increasing its purchase of US oil and gas from $15 billion in 2024 to $25 billion in the coming years. This commitment underscores India's intention to not only meet its growing energy demands but also to address US concerns over the trade surplus.