To strengthen the bilateral strategic clean energy partnership in the field of oil and gas, India and the United States of America (USA) have signed four MoUs recently. This partnership indicates how both countries can leverage the power of the private sector to resolve issues of energy security and climate change. The MoUs, which are specifically between Indian and US oil and gas companies, were signed by Hardeep Singh Puri, the Minister of Oil and Natural Gas, during a round table in Houston with senior executives from 35 major industry players in the fields of energy, medical, and technologies, including Tellurian and Exxon Mobil.
Puri attended the round table as part of his ongoing visit to the US to discuss with the American authorities the clean energy issue. In this discussion, he conveyed the message that India is a place for the best collaborations because of the liberal transparency policies, open data access, favorable geology, and ease of doing business. The US and India are committed to creating the most powerful strategic partnership. The advocacy group, the US-India strategic partnership forum (USISPF), in partnership with the Consulate General of India in Houston, convened the round table that explored the India-US energy partnership and opportunities for alliances for both public and private sectors.
Indian Oil and LanzaJet, a subsidiary of LanzaTech, a leading biotech company and global leader in gas fermentation, signed a Statement of Intent for partnership in sustainable aviation fuels through Lanzajet’s patented technology. Aavantika Gas Limited, a joint venture of GAIL and HPCL, signed an MoU with Baker Hughes concerning emission measurement and abatement solutions support.
Another MoU that was signed at the round table was between Engineers India Limited and UOP, a leading global technology licensor. Both parties are keen on collaborating across technology offerings—taking EIL-developed technology into the global platform, reducing the energy footprint in Indian refineries, and enhancing petro-chemical intensity. As a first step, UOP will be assessing the tail gas treating technology of EIL for adoption in the sulphur recovery projects of UOP on a global platform.
Indraprastha Gas Ltd, a joint venture of BPCL Limited and global offshore leader Baker Hughes, signed an MoU to jointly evaluate the opportunities in emission monitoring and detection, hydrogen technologies, and sustainability, among others.
At the round table with energy companies, Hardeep Singh Puri was accompanied by Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum, the Embassy of India’s Deputy Chief of Mission, Ambassador Sripriya Ranganathan, Consulate General of India in Houston, and Aseem Mahajan, amongst others. Mr. Puri also launched special Coal Bed Methane rounds in 2022 and offshore bid rounds in Houston, which is the energy capital of the world.