At the US-India Strategic Dialogue in the Capital on Monday, Secretary of State John Kerry and external affairs minister Salman Khurshid reaffirmed their countries? strong commitment to energy security, combat global climate change and support the development of low-carbon economies to create opportunities.
The US Trade and Development Agency (USTDA) and India-based Deep Industries inked an agreement for a second study in assessing its conventional oil and gas license areas for the presence of commercial grade shale deposits.
According to Khurshid and Kerry, the US Department of Energy and the petroleum and natural gas ministry are working to renew an MoU for cooperation in gas hydrates aimed at increasing the understanding of the geologic occurrence and the potential of methane production from natural gas hydrates in India and the US.
The two countries have reaffirmed that technological and business innovation, scientific cooperation, research, development and deployment of environmentally-friendly technologies and products, open trade and sound regulatory frameworks are needed to deliver solutions for sustainable growth.
Last month, the US Trade and Development Agency (USTDA) have inked an agreement to conduct a study to support Essar Oil in further assessing its coal bed methane license areas for the presence of commercial grade shale deposits, moving India closer to a potential new domestic energy resource offering cleaner alternatives to coal.
The Indian refiners are looking for ways to improve refinery efficiency and productivity by integrating slurry hydro-cracking and advanced conversion process technologies, presenting opportunities for US firms in this sector.
