Pradhan meets US energy secy, discusses LNG deal
Minister of State for Petroleum and Natural Gas Dharmendra Pradhan has discussed with new Energy Secretary Rick Perry the possibility of importing LNG from the US and Indian investment in the energy sector there.
Pradhan met Perry during an unscheduled trip to the US Capitol and discussed energy cooperation between India and the US, Indian investment in Liquefied natural gas (LNG) and Shale sectors, and the possibility of the US exporting LNG to India from early next year. Perry said co-operation between India and the US in the energy sector is in mutual interest as India's energy need is set to see a rapid increase as the economy expands.
Pradhan arrived in Washington DC from Houston, a city located near the Gulf of Mexico, where he attended the influential CERAWeek energy conference and launched the new Hydrocarbon Exploration and Licensing Policy (HELP).
On the sidelines of the conference, Pradhan had bilateral meetings with counterparts from Russia, Sri Lanka, Canada and Saudi Arabia. The Saudi Energy Minister Khalid Al-Falih is expected to visit India soon. Pradhan also met the CEO of state-owned Abu Dhabi National Oil Company; Bob Dudley, CEO of British Petroleum; and International Energy Agency Executive Director Fatih Birol.
In Washington, Perry, who took over the department last week, strongly pushed for a Houston visit of Prime Minister Narendra Modi later this year. He said Modi's meeting with the strong energy community in Houston could add a new dimension to bilateral ties.
Dates of Modi's US visit is still being worked out. Pradhan, who invited Perry to India for the next round of India-US Energy Dialogue later this year, said he would convey his message to the prime minister.
OIL, Houston varsity in MoU to up reserves base
Oil India Lts (OIL) has signed an MoU with University of Houston in a bid to augment its reserves base and maximise recovery from its ageing oilfields. The MoU was inked in the presence of Petroleum and Natural Gas Minister Dharmendra Pradhan. It was signed by OIL CMD Utpal Bora and University of Houston, represented by Chancellor and President Renu Khator. Terming the MoU as historic, Pradhan said this will go a long way for the pilot study of CO2 capture technology application in Assam oil fields.