US-India trade deal is almost at finish line: US Deputy Secretary of State Landau
India Today
US Deputy Secretary of State Christopher Landau said the United States is ready to cooperate with India on energy supplies, urging New Delhi to consider alternative sources amid global disruptions. Speaking at the Raisina Dialogue, he said the US could be the best alternative partner.
The United States will work with India to make sure that its short and long-term energy needs are met, US Deputy Secretary of State Christopher Landau said on Thursday amid concerns over disruptions in flow of crude oil following the crisis in West Asia.
Global oil and gas prices have surged after Iran has virtually blocked the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and the Gulf of Oman, that handles roughly 20 per cent of global oil and LNG (Liquefied Natural Gas).
India imports 88 per cent of its crude oil needs and roughly half of its natural gas requirement. These mostly come via the Strait of Hormuz.
"I hope India is thinking of alternate sources. I can't think of a better alternate source than the US, we want to cooperate with India," Landau said, speaking at the Raisina Dialogue.
"We will work with you to make sure that your energy needs are met in the short-term as well as the long-term," he said.
Landau said the US is an energy-rich country and it can be part of India's energy solution.
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