Indo-US energy relations set to touch a new high

Published On: Monday, February 24, 2020 | By: Team KnowMyStock

Under the Indo-US deal,India is to get a share in natural gas from the proposed Driftwood project in Louisiana,US. The $12 billion worth of annual crude oil imports to India along with a possible LNG deal are set to take the energy relations of India and the US to a new high. The energy ties between the two nations had improved after Donald Trump took over as President of US in 2017. Under the deal, India is to get a share in natural gas from the proposed Driftwood project in Louisiana. Petronet LNG had signed a deal with US’s Tellurian for the project last September. The over $2 billion the deal is likely to get final shape during the current visit of Trump.

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MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

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MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

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