Natural gas, nuclear get renewed push from Trump-Modi trade talks

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Natural gas, nuclear get renewed push from Trump-Modi trade talks - Business Standard

Quick Summary:

However, officials from public sector oil marketing companies (OMC) present at the ongoing India Energy Week (IEW) said formal talks on long term contracts are quite some way ahead.

In 2024, Henry Hub natural gas spot price averaged $2.21 per million British thermal units (MMBtu), the lowest average annual price in inflation-adjusted dollars ever reported, according to US Energy authorities.

To meet its target of 500 Gw of non fossil fuel energy by 2030, India has decided to scale up nuclear energy which has remained stagnant at 8 Gw for several years now.