Rakesh Sharma

2 months ago | finance.yahoo.com | Rakesh Sharma |Sudhi Ranjan Sen

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here. India has agreed to boost oil and gas imports from the US in an effort to reduce the trade imbalance between the two countries and avoid retaliatory tariffs. “I think we purchased about $15 billion in US energy output,” India’s Foreign Secretary Vikram Misri said during a media briefing in Washington on Thursday, after Prime Minister Narendra Modi met President Donald Trump.

2 months ago | finance.yahoo.com | Stephen Stapczynski |Rakesh Sharma

(Bloomberg) -- Gail India Ltd., one of the country’s top liquefied natural gas buyers, expects US President Donald Trump’s goal of increasing energy production to make fuel imports more viable in the price-sensitive nation. Cost remains the biggest constraint to boosting LNG shipments into India, Chairman Sandeep Kumar Gupta said in an interview. Indian imports of the fuel peaked in 2020, and have struggled to rebound as prices surged following Russia’s invasion of Ukraine in 2022.

2 months ago | finance.yahoo.com | Stephen Stapczynski |Rakesh Sharma

(Bloomberg) -- Russian officials have held meetings with Indian buyers this week in an effort to sell liquefied natural gas from a flagship export facility sanctioned by the US. Government officials and senior executives from Novatek PJSC — which leads the Arctic LNG 2 export plant — spoke with counterparts during the India Energy Week conference in New Delhi, according to people with knowledge of the matter.

2 months ago | finance.yahoo.com | Rakesh Sharma

(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. India’s liquefied natural gas purchases are set to more than double by 2030 as infrastructure expansion and modest growth in domestic production prompt a jump in consumption, according to the International Energy Agency.

2 months ago | finance.yahoo.com | Rakesh Sharma |Jack Farchy

(Bloomberg) -- Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect. Speaking on the sidelines of India’s flagship energy gathering in Delhi, executives said the existing networks were being reconfigured with selling entities, tankers and insurance providers that are not on Washington’s blacklist.