United States willing to meet India's energy demand; trade negotiations continue: the White House
WASHINGTON: The United States can provide energy to India as much as it wants, since there is much greater potential between the two countries in the key sector, a high White House An official said before President Donald Trump's inaugural visit to the country.
Talks are going on between India and the US on a trade deal, Larry Kudlow, economic advisor to president Donald Trump, told reporters at the White House on Thursday when asked about the progress on a trade deal ahead of the presidential visit.
Trump will make a state visit to India on February 24 and 25 at the invitation of Prime Minister Narendra Modi, who on Wednesday said the visit of the president of the United States will be very special and will greatly contribute to further consolidating the India. United States friendship.
Prior to their visit, the two countries expect to finalize a series of mega defense agreements, including the acquisition of a batch of military helicopters by US defense major Lockheed Martin at a cost of $ 2.6 billion.
In response to a question about the increase in energy exports to India, Kudlow said there is much greater potential.
It could be, I hope so. Let's remove all barriers. They (the Indians) need energy. We have the energy When we had our bilateral meetings with Prime Minister Modi, I said, you give me a number (to export energy from the United States to India) and I will see it, Kudlow said.
In recent years, the export of energy from the United States to India increased from zero to $ 8 billion last year and this year is expected to increase to $ 10 billion.
Our energy trade touched about $ 8 billion last year. Of course, this was zero, a few years ago, said the new Indian ambassador to the United States, Taranjit Singh Sandhu, in his comments at a reception organized in his honor by him.
In fact, in 2013, I testified before the House Energy Committee advocating energy exports from the United States to India. In 2017, our leadership decided to elevate our energy association to a strategic energy association, Sandhu said.
According to the United States Department of State, energy exports from the United States are an important area of growth in the commercial relationship. In 2018, India bought 48.2 million barrels of U.S. crude oil, a significant increase of 9.6 million in 2017.
India and the United States have established a Strategic Energy Association (SEP) that replaces the former Energy Dialogue. This was done during the last meeting in New Delhi on April 17, 2018 between the Minister of Petroleum and Natural Gas Dharmendra Pradhan and the Secretary of Energy of the United States, Rick Perry.
The SEP has four main pillars of cooperation: oil and gas; Energy and Energy Efficiency; Renewable energies and sustainable growth; and coal.
As a first step, they also announced the establishment of the United States-India Natural Gas Task Force to support India's vision of natural gas. The two sides also reaffirmed their strong commitment to the early and complete implementation of civil nuclear power society, including the Westinghouse civil nuclear project in Kovvada.
While India is preparing to receive Trump and First Lady Melania Trump, the largest US defense, Boeing, said she was considering offering her F-15EX Eagle fighter jets to the Indian Air Force.
The company has already requested a license from the US authorities for possible export to India, considering a $ 18 billion contract by the IAF to acquire 114 fighter jets.
Government and industry sources said the two sides are likely to finalize the $ 2.6 billion deal under which the United States will supply 24 Seahawk MH-60R multi-functional sea helicopters to India.