American Energy Exports to India Grow

U.S. Energy Secretary Rick Perry will visit India this month to further enhance a recently added component in bilateral ties — energy trade. Last year India bought $2 billion worth of American crude oil from the  via  India’s state-owned Bharat Petroleum Corporation Limited, Indian Oil Corporation, and Hindustan Petroleum Corporation Limited

Rick Perry

Rick Perry, U.S. Energy Secretary

The Trump administration removed regulations that had restricted oil and coal production, leading to a ramping up of fossil fuels production in the last year. “Energy is an important area to focus on to reduce the trade imbalance between the two countries. India needs a lot of energy and the U.S. has it in abundance,” pointed out Nisha Biswal, president of the U.S.-India Business Council.

Both state-owned and private sector companies in India have invested approximately $5 billion in shale assets in the U.S. Natural gas imports from the U.S. are also on the rise. “The U.S. India Strategic and Partnership Forum (USISPF) believes natural gas generation can be integrated with renewable energy to increase energy reliability and advance economic development in India and we’ve advocated for this discussion to be raised during the upcoming bilateral discussions in Delhi,” said Nolty Theriot, USISPF vice president of Policy & Advocacy.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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