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205 new news items in the last 24 hours
18 November 07:18

India is intensifying energy imports from the United States, aiming to reduce the trade surplus of 40 billion dollars with Washington.

Ana-Maria Tapescu
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International
Foto: Rumana / Alamy / Profimedia

The Indian Minister of Petroleum, Hardeep Singh Puri, announced an agreement whereby 10% of liquefied petroleum gas (LPG) imports will come from the USA, equivalent to about 2.2 million tons per year. The agreement, considered a historic first, will index transactions to prices at Mont Belvieu, a U.S. benchmark. Despite this step, trade relations have been recently strained, with the U.S. imposing tariffs of 50% on Indian goods, and India responding with taxes of 25%. Although President Trump previously criticized India, the tone has softened, calling Prime Minister Modi a "friend." Analyses suggest that the change in the energy mix could increase India's import bill, in the absence of a rise in domestic production.

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India îşi intensifică importurile de energie din SUA
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News.ro
India îşi intensifică relaţiile energetice cu SUA pentru a calma tensiunile comerciale provocate de tarife
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Stirile ProTV
Decizia Indiei pentru a reduce surplusul comercial cu Washington. Ministrul petrolului și gazelor naturale a făcut anunțul

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The U.S. Treasury Secretary, Scott Bessent, has urged Japan to stop energy imports from Russia, in the context where India promises to do the same.
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Refineries in India, including Reliance Industries, are preparing to reduce oil imports from Russia, following the sanctions imposed by the US on Lukoil and Rosneft.
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India imports Energy USA trade surplus

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