Modi visits U.S. as India considers boosting energy imports from America

oilprice.com

Indian Prime Minister Narendra Modi is set to visit the U.S. on February 12-13 for talks with President Donald Trump. The Indian government is considering increasing energy imports from the U.S., which is currently the fifth-largest crude exporter to India. India relies heavily on crude oil imports, meeting over 85% of its demand this way. The country is also looking to boost its own oil production, with plans to explore its largely untapped sedimentary basins, which may contain significant fossil fuel reserves. Modi's visit may lead to more U.S. oil imports, depending on factors like crude type and costs. Meanwhile, Indian companies are actively seeking partnerships with international firms to enhance exploration and production capabilities.


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