India sees new opportunities in Trump’s energy policy


United States President Donald Trump and Republican lawmakers have already set in motion a series of measures that will deregulate American oil, gas and coal sectors and India sees an opportunity to enhance bilateral cooperation in these areas in the coming years. Thirty per cent of all increase in world’s energy demand from now to 2040 will be from India, and energy cooperation will be an increasingly key component of bilateral relations, Petroleum Minister Dharmendra Pradhan has said after a meeting with U.S. Energy Secretary Rick Perry.
This was the first ministerial-level interaction between India and the U.S. under the new administration. India will start importing Liquefied Natural Gas (LNG) from the U.S. in 2018 under contracts signed during the previous Obama administration. Right pricing will enable India to ramp up imports from the U.S., Mr. Pradhan has said.

For a boom in oil & gas market

The Trump administration’s focus is on making American oil and gas sector competitive in the world market and it does not want environmental concerns holding back the sector. By deregulating oil and gas, and rolling back incentives available to non-conventional energy industry, the Trump administration is hoping to create a boom in the U.S oil and gas market. Three Indian public sector companies, GAIL, Oil India and IOC and Reliance have invested in U.S. shale gas production.
The Obama administration’s focus was on pushing renewable energy cooperation with India, but Trump administration’s focus is different, said an Indian official. Mr. Pradhan has said Prime Minister Narendra Modi’s commitment to increase the share of nonconventional sources in India’s energy mix is independent of what the American administration thinks or does. “The PM is clear that India will go ahead with its COP 21 commitments,” the Minister said.
Mr. Pradhan said Mr. Perry has asked him to request Mr. Modi to visit his home state of Texas, which is the centre of American petroleum industry. Mr. Modi is expected to visit the U.S. in the next two months.

Ramifications unclear

While it appears certain that Mr. Trump will disrupt the U.S energy sector, its implications for the global market is unclear. Mr. Pradhan said India and U.S could cooperate in clean coal technology, and in converting coal to synthetic gas. “American technology and investment could be of great help in coal sector. U.S technology will also be helpful in building smart grids and reducing transmission losses,” Mr. Pradhan said.
Mr. Pradhan attended the CERA Week in Houston, an annual conference of energy executives and policy makers, where he unveiled India’s new Hydrocarbon Exploration and Licensing Policy (HELP). The Minister said investors and executives were upbeat about India’s prospects. “All of them consider India as the greatest energy market for the next 25 years,” Mr. Pradhan said, adding that the Mr. Modi’s “decisive measures on GST and demonetisation” were seen positively by the industry.

Comments

Post a Comment

Popular posts from this blog

Image
                                       HEAR HERE       *NO* *PHONE* *IN* *THE* *KITCHEN* *PLEASE* Do you make or receive calls in your kitchen? my name is Dr.Ademola. just 3 days ago my husband, who also is a doctor, shared the sad incidents of 6 people who where brought inti the casualty department for treating burns which they sustained while making phone calls in the kitchen with the gas burner ON. Even microwave oven or induction stoves could be dangerous.some cook with the phones pressed against the ears! please stop making or receiving calls in the kitchen. It is as dangerous as making or receiving calls in a petrol station. please don't forget to share with loved ones. If the call is very urgent , then move away from the gas by 10-12 feet and then take the call. Remember that your safety is your family's safety too. 
Read more
Trump administration lifts transgender bathroom guidance The  Trump administration  has ended federal protections for transgender students  that instructed schools to allow them to use bathrooms and locker rooms matching their  gender identities . Stepping into an emotional national debate, the administration yesterday came down on the side of states' rights, lifting federal guidelines that had been issued by the Obama administration and characterized by Republicans as a legal overreach. Without the Obama directive, it will be up to states and school districts to interpret federal anti-discrimination law and determine whether students should have access to restrooms in accordance with their expressed gender identity and not just their biological sex. "This is an issue best solved at the state and local level," Education Secretary Betsy DeVos said. "Schools, communities and families can find a" and in many cases have found solutions that protect all students.
Read more