PM Modi Interacts With Honchos Representing Energy Sector

Prime Minister Narendra Modi on Sunday, September 22 interacted with the CEOs from the US oil and gas sectors and discussed how to   harness opportunities in the area for addressing India’s growing energy needs at a roundtable at Huston, Raveesh Kumar, Spokesman for the Ministry of External Affairs, said. The dialogues focussed on working together for energy security and expanding mutual investment opportunities between India and the United States.”It is impossible to come to Houston and not talk energy! Had a wonderful interaction with leading energy sector CEOs. We discussed methods to harness opportunities in the energy sector,” Modi said in a tweet after the meeting. The CEOs of 17 global energy companies took part in the meeting. They have a combined net worth of $1 trillion with a presence in 150 countries, Raveesh Kumar said. All the companies present in the meeting have some kind of engagement in India. The Prime Minister also witnessed the signing of MoU between US natural gas company Tellurian Inc. and Petronet LNG Limited (PLL) of India after the meeting. As per the MoU, PLL will invest USD 2.5 billion in Tellurian’s proposed Driftwood LNG export terminal, in exchange for the rights to 5 million metric tons of LNG per year over 40 years. The two companies will endeavour to finalise the transaction agreements by March 31, 2020.Minister’s Office (PMO) had posted on Twitter a couple of photographs of Modi’s meeting with the chief executive officers (CEOs) of some of the top oil companies based in the US.PM Modi arrived at Houston on Saturday .It is called  the world capital of space exploration, the world capital of air conditioning, the world capital of the international energy industry, the world capital of petroleum exploration . Minister for External Affairs S Jaishankar and some senior officials also attended the meet.

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