US offers to help India track gas hydrates for energy needs
31 Mar 2010
The United States has offered to continue its cooperation with India in the frontier area of energy of utilising gas hydrates, through a second expedition, building on the success of the first expedition.
At a meeting with the Indian delegation led by petroleum minister Murli Deora on the sidelines of the 12th International Energy Forum meeting in Cancun, Mexico, US deputy secretary of energy Daniel Poneman said India could emulate the US success in utilising shale gas to significantly augment its natural gas production.
Poneman said India can put the US experience to better use for identifying potential such resources in India.
The Indian delegation underlined the need for cooperation as two countries as oil importers have a common interest in stabilising oil prices.
The Indian delegation held a series of meetings with the delegations of oil producing countries like Kuwait, Mexico and Indonesia on the sidelines of the IEF meeting yesterday.
India sought more crude from Kuwait, as, according to Deora, the country is raising its refining capacity significantly, which would soon rise to about 250 million tonnes.
.webp)
