NewKerala.com

India-UAE to Sign Key Energy Pacts During PM Modi's Visit: LPG and Strategic Reserves

India and the UAE are expected to sign key energy agreements on Liquefied Petroleum Gas and Strategic Petroleum Reserves during PM Modi's upcoming visit. The visit, scheduled for May 15, comes after the UAE's exit from OPEC+, making bilateral energy partnerships more crucial. PM Modi will meet UAE President Mohamed bin Zayed Al Nahyan to discuss bilateral issues, especially energy cooperation. The visit also aims to strengthen the Comprehensive Strategic Partnership and address the welfare of the large Indian diaspora in the UAE.

Key Points: India-UAE Energy Pacts Likely During PM Modi's Visit

  • India and UAE likely to sign LPG and Strategic Petroleum Reserves pacts
  • PM Modi to visit UAE on May 15
  • UAE recently exited OPEC+ framework
  • Focus on energy security and Indian diaspora welfare
2 min read

India, UAE likely to sign pacts on LPG, Strategic Petroleum Reserves during PM Modi's UAE visit: Sources

India and UAE are expected to sign agreements on LPG and Strategic Petroleum Reserves during PM Modi's May 15 visit to boost energy security.

"The visit will serve to promote the significant trade and investment linkages between the two countries. - Ministry of External Affairs"

New Delhi, May 13

Energy security is expected to emerge as one of the key focus areas during Prime Minister Narendra Modi's upcoming visit to the United Arab Emirates, with two important agreements in the areas of Liquefied Petroleum Gas and Strategic Petroleum Reserves likely to be concluded, according to sources.

The development assumes significance as the UAE recently exited the OPEC+ framework, making direct bilateral energy partnerships increasingly important for both countries, particularly in the areas of long-term energy supply and strategic storage cooperation.

Prime Minister Modi will pay an official visit to the UAE on May 15, during which he will meet UAE President Mohamed bin Zayed Al Nahyan.

According to a statement issued by India's Ministry of External Affairs, the two leaders will exchange views on bilateral issues, particularly energy cooperation, as well as regional and international developments of mutual interest.

The ministry added that both sides will also discuss ways to advance the India-UAE Comprehensive Strategic Partnership, which is supported by strong political, cultural, economic and people-to-people ties.

"The visit will serve to promote the significant trade and investment linkages between the two countries," the statement added.

India and the UAE have steadily expanded cooperation in the energy sector over the past few years, including crude oil supply arrangements, investments in strategic petroleum reserves and collaboration in downstream petroleum infrastructure.

The UAE is currently India's third-largest trade partner and its seventh-largest source of cumulative foreign investment over the last 25 years.

The visit is also expected to focus on the welfare of the more than 4.5 million-strong Indian diaspora living in the UAE, which remains one of the largest expatriate communities in the Gulf region.

- ANI

Share this article:

Reader Comments

R
Rekha R
I'm all for energy security, but I hope these deals are transparent and not just another set of MoUs that benefit a few big corporates. The common man is still struggling with cooking gas prices. Let's see if the benefits actually reach us.
A
Arjun K
As someone who lived in Dubai for 5 years, I can say the Indian diaspora there plays a huge role in both economies. Seeing Modi ji focus on their welfare while securing energy deals is the right approach. UAE has been a reliable partner for decades, and this visit will strengthen that bond. Jai Hind! 🇮🇳
S
Sarah B
Interesting development given UAE's OPEC+ exit. India is smart to diversify its energy sources and not rely solely on Russia or Iraq. Strategic petroleum reserves are crucial for emergencies, and having Gulf partners like UAE is a win-win. Hope the pricing is favorable for both sides.
N
Nitin Z
Energy security is fine, but what about the thousands of Indians facing labor issues in UAE? Many construction workers and domestic helps are exploited. Hope Modi ji also raises their concerns and pushes for stronger protections. A strong bilateral deal should include human welfare too.
M
Michael C
From a global perspective, India's strategic partnerships in the Gulf are smart non-alignment. Instead of picking sides, they're building direct relationships based on mutual need. UAE gets a long-term customer outside OPEC, India gets stable supply. That's pragmatism over ideology.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50