Opinion | Charting The Future of India-US Energy Cooperation
During the Trump 1.0 administration, whether due to India’s growing strategic significance or the personal rapport between Narendra Modi and Donald Trump, there were few hurdles between the two nations, which contributed positively to strengthening India-US relations.
After intense diplomatic negotiations at various levels of the US and Indian administrations, the much-awaited meeting between the President of the United States and the Prime Minister of India finally took place. Under the Trump 2.0 administration, PM Modi became one of the first dignitaries to visit Trump’s Oval Office within months of his second term.
One key aspect that came to the forefront in this meeting was India’s energy security concerns. Speaking to the press, Hardeep Singh Puri, Minister of Petroleum and Natural Gas, had stated that it would be surprising if energy was not discussed. This underscores the critical role that energy played in the discussions between the two heads of state.
This article explores India’s burgeoning energy challenges under the Trump 2.0 administration and their impact on the country’s energy security landscape. Furthermore, it examines the potential for a progressive energy partnership between the US and India, which could help India meet its accelerating energy demands.
India’s diminishing domestic reserves and its rising demand for crude oil and natural gas are increasing its reliance on external sources to meet its energy needs. It is no exaggeration to say that India’s energy import dependency is constantly rising, having surpassed 85 per cent for crude oil and more than 60 per cent for natural gas.
The top 10 countries supplying oil and natural gas to India are the United States, Saudi Arabia, Russia, Iraq, Canada, the United Arab Emirates, Brazil, Kuwait, Nigeria, and Angola. Previously, Iran was among India’s top suppliers of oil and natural gas. However, ongoing US sanctions on Iran........
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