India, US discuss energy security, development of gas-based economy

India and the United States have discussed ways to enhance energy security and also work together to further develop gas-based economy in India, an Indian government statement said.

It said India’s Petroleum & Natural Gas and Steel Minister Dharmendra Pradhan had a telephonic conversation with the U.S. counterpart Rick Perry during which the two also discussed the possibility of expanding energy and innovation linkages to bolster the strategic India-US Strategic Energy Partnership that was launched in New Delhi in April last year.

The ministers also discussed crude oil price volatility and Pradhan emphasised the impact of price volatility on Indian consumers. He also pointed to the important role that the US plays in bringing global price stability. Emergence of the US as a source for oil and gas for India also figured during the call.

India has, of late, diversified its energy imports and has been buying oil from the United States in a move that has brought the two countries closer on critical energy issues.

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