Hardeep Singh Puri Hints at Increased US Energy Supply to India

There is a possibility of more US energy coming to India in the wake of the new administration under President Trump announcing plans to oil and gas production, Union Minister Hardeep Singh Puri on Tuesday said. The number of India’s oil suppliers has already gone up from 27 to 39 and “if more oil comes in, this is something that we welcome”, Puri, the Minister for Petroleum and Natural Gas.

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The discussions that we have started on what should we do beyond 20 per cent (blending). Could we move beyond 20 per cent, that’s also a question,” he said, and questioned what kind of agricultural linkages and backward linkages would be required if India moved beyond 20 per cent ethanol blending.

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Further, Puri said, “In the last three and half years, we have been in the market for whoever can supply.” I think that’s a given. That is also very clear.”

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“So there is no shortage of oil. What that means is how much oil is available in the marketplace. I have been on record with you many times I see oil prices reacting to that availability,” Puri said. While addressing the event, the minister asked automakers to increase the availability of flex-fuel vehicles in the Indian market, and the country is going to achieve 20 per cent ethanol blending very soo.,

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