On the second day of India Energy Week, India has taken steps towards major agreements in the field of ‘Clean Energy’ and ‘Energy Security’ through bilateral meetings with major countries of the world. In these secretary level talks, special emphasis was laid on areas like hydrogen, geothermal and LNG.
India-Netherlands: ‘Strategic partnership’ will start soon
In the meeting held with the Netherlands, there was discussion on creating a sustainable energy ecosystem. An agreement was reached between the two countries to build a green hydrogen corridor and a hydrogen receiving station. It was considered to develop ‘Last Mile Channel’ to manufacture electrolyzers in India and increase export efficiency. India invited Dutch companies to set up Global Capacity Center (GCC) in India for engineering and innovation.
India-Japan: Big bet on hydrocarbons and biofuels
In this meeting held after the Tokyo Roundtable, there was discussion on increasing cooperation in the Energy Value Chain. ONGC and MOL have formed a joint venture for two large ethane carriers (VLECs). India offered Japan a partnership in the field of its excess ethanol capacity and biofuels. Discussions were held with Japanese companies on implementing AI, predictive analytics and automation (SCADA systems) in the oil and gas sector.
India-Iceland: India will be illuminated by geothermal energy
There was discussion on combining Iceland’s technology and India’s 10.6 GW geothermal capacity. Icelandic companies (such as Geotropy) showed interest in ONGC’s project in Puga Valley of Ladakh and development of identified hot springs in Arunachal Pradesh. Iceland will help India convert CO2 to e-manol and then convert it into e-SAF (Sustainable Aviation Fuel). OIL is starting its first CCS project in Rajasthan which will capture 200 tonnes of CO2 per day.
India-America: Preparation to further expand $13.7 billion trade
America is currently India’s sixth largest energy trading partner. Indian companies are interested in taking equity participation in the LNG projects under construction in America. Both countries discussed using their comparative strengths to develop the ‘critical minerals’ sector. American companies reiterated their commitment to invest in India’s Exploration and Production (E&P) sector and increase gas trade.
