Strategic Energy Partnership emerged as cornerstone of expanding India-US ties: Envoy

Strategic Energy Partnership has emerged as a cornerstone of expanding the US-India ties as the bilateral hydrocarbon trade has increased by 93 per cent in the last two years, a top official has said.

India’s Ambassador to the US Taranjit Singh Sandhu, in an op-ed in The Houston Chronicle, wrote that numbers speak for themselves.

There has been an increase of 93 per cent in the hydrocarbon trade between India and the United States in the last two years; it has reached USD 9.2 billion in 2019, he said.

India is now the fourth largest international market for the US crude oil and the fifth largest for the US liquefied natural gas. Indian firms have concluded several contracts for sourcing crude from the United States and are expanding their investments in the US energy sector, creating jobs and economic opportunities, he said.