Pradhan holds virtual meeting with Granholm
Minister of Petroleum and Natural Gas Dharmendra Pradhan and the US Secretary of Energy Jennifer Granholm have agreed to revamp the India-US Strategic Energy Partnership (SEP) to focus on promoting clean energy with low-carbon pathways and accelerating green energy cooperation.
Pradhan and Granholm, who assumed the post of Energy Secretary in Feb 2021, reviewed the India-US SEP through a virtual meeting on 29 Mar 2021.
Both leaders agreed to prioritise greater collaboration in cleaner energy sector- biofuels, CCUS, hydrogen production and carbon sequestration through technology exchange, joint R&D through Partnership to Advance Clean Energy Research (PACE-R), among other initiatives.
Both sides agreed to convene the third meeting of a revamped India-US SEP at an early date, said the Petroleum and Natural Gas Ministry following the meeting.
Pradhan and Granholm have decided to intensify the efforts to take advantage of the complementarities of both the countries based on advanced US technologies and rapidly growing India’s energy market for a win-win situation through a cleaner energy route with low carbon pathways.
India imported 545,300 barrels per day of crude oil in February, up 48% on the month, from the United States. The February oil supply accounted for 14% of India’s total import for the month. #exports #trade #energy #OPEC /fiinews.com
