Feb 9 • 15:21 UTC 🇶🇦 Qatar Al Jazeera

India Confirms Diversification of Energy Supplies Despite Washington Agreement

India's Foreign Minister Vikram Misri emphasizes the country's commitment to diversifying energy sources, ensuring reliable and affordable energy supplies amidst a backdrop of recent trade agreements with the United States.

India's Minister of External Affairs, Vikram Misri, has reaffirmed the nation's commitment to diversifying its energy supply sources, aiming to secure adequate and reasonably priced energy for consumers. This priority is crucial for India, which relies on imported oil to meet approximately 90% of its energy needs, making diversification a vital aspect of energy security.

Misri's statements come in the wake of U.S. President Donald Trump's decision to lift a 25% additional tariff on Indian goods, following a temporary trade agreement between the U.S. and India. This agreement includes India's commitment to cease direct or indirect purchases of Russian oil, as well as a pledge to significantly increase energy imports from the U.S. worth nearly $500 billion over five years, encompassing various sectors including energy, aircraft, precious metals, and technology products.

As the world's fourth-largest economy, India's energy policy is shaped by economic and security considerations. Misri’s remarks highlight the balancing act India must perform in maintaining energy security while navigating complex international relations, especially with the shifting dynamics of global energy markets and trade agreements. The implications of this strategy reflect not only on India's economic stability but also on its geopolitical stance in a rapidly changing global landscape, where energy supply routes and sources are increasingly contested.

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