1.9. Energy
♤ The U.S.-India Energy Dialogue was launched in May 2005 to promote trade and investment in the energy sector.
♤ There are six working groups in oil & gas, coal, power and energy efficiency, new technologies& renewable energy, civil nuclear co-operation and sustainable development under the Energy Dialogue.
♤ The 40-year-old ban on export of American oil was lifted by the then US President Barack Obama in December 2015. During the meeting between Prime Minister Narendra Modi and US President Donald Trump on June 26 2017 when the two leaders agreed to deepen the engagement in the energy sector.
♤ India received its first crude oil cargo of 1.6 million barrels from the US at the Paradip Port, Odisha on 2 October 2017.♤ The U.S. Department of Energy has so far given its approval for export of LNG from seven liquefaction terminals in the U.S., to countries with which the U.S. does not have a free trade agreement (FTA).