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Category: India

Big strides in US shale gas deal

September 03, 2014 Posted by Chris Wysong

India and the US have been in talks recently to change current law and enable US exports to India. Jayanta Roy Chowdhury reports that US companies see India as the most viable energy market in the long run and that the US is also working on a long-term strategic and economic partnership with India. Big strides in US shale gas deal By: Jayanta Roy Chowdhury New Delhi, Aug. 3: While the world concentrated on the public spat between India and America that eventually scuppered a new global trade agreement in Geneva last week, the two sides were engaged in a meaningful dialogue to hammer out arrangements that will allow shale gas exports from the US. Indian officials would like to finalise a deal that Prime Minister Narendra Modi and President Barrack Obama can sign in Washington during a visit scheduled in September. The deal would involve an India-specific general waiver to laws which currently restrict US sales of oil and gas only to countries with which it has free trade agreements. The

Posted in US, India, Shale, Exports
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