India and the United Arab Emirates (UAE) have strengthened their energy cooperation by signing four agreements during Prime Minister Narendra Modi’s meeting with Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. Key agreements include a long-term LNG supply deal between Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation, along with an MoU for operating the Barakah Nuclear Power Plant. The leaders also discussed enhancing their strategic partnership and addressed global challenges, including the situation in Gaza. The Crown Prince paid respect at Mahatma Gandhi’s memorial and is set to participate in an India-UAE Business Forum in Mumbai, where they will launch a virtual trade corridor.
India and the United Arab Emirates (UAE) have taken significant steps to enhance their energy cooperation. On Monday, Prime Minister Narendra Modi met with Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan of Abu Dhabi. During their meeting, they signed four important agreements aimed at strengthening their partnership in the energy sector.
Among these agreements, one is a long-term liquefied natural gas (LNG) supply deal between the Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Ltd. Another agreement focuses on collaboration between ADNOC and the India Strategic Petroleum Reserve Ltd. Additionally, the Emirates Nuclear Energy Company (ENEC) and Nuclear Power Corporation of India Ltd (NPCIL) formalized an understanding regarding the operation and maintenance of the Barakah Nuclear Power Plant.
A noteworthy production concession agreement for Abu Dhabi Onshore Block 1 was also signed between Urja Bharat and ADNOC. In a separate development, the Gujarat government entered into a pact with Abu Dhabi Developmental Holding Company PJSC to establish food parks in India.
The talks were comprehensive, covering various aspects of the India-UAE relationship, with a focus on expanding the strategic partnership to address new and emerging opportunities. Both leaders also discussed pressing global issues, including the situation in Gaza.
Crown Prince Al Nahyan took time to honor India’s legacy by visiting Rajghat to pay tribute to Mahatma Gandhi. He will continue his visit with a trip to Mumbai, where he will participate in the India-UAE Business Forum and mark the soft launch of the India-UAE virtual trade corridor.
These agreements and discussions underline the commitment of both nations to deepen their cooperation and explore new ventures that benefit both India and the UAE.
Tags: India, UAE, energy cooperation, Prime Minister Modi, Crown Prince Al Nahyan, LNG supply, nuclear energy, business forum, food parks.
What is the recent agreement between India and the UAE about?
India and the UAE have signed four key agreements to strengthen their energy partnerships, focusing on nuclear energy and liquefied natural gas (LNG).
Why is the energy partnership important?
The partnership aims to enhance energy security, promote economic growth, and support sustainable energy development between the two countries.
How will nuclear energy be used in this partnership?
Nuclear energy is being considered as a clean and reliable power source to help meet energy demands and reduce carbon emissions.
What role does LNG play in this agreement?
LNG will help diversify energy resources and ensure a stable supply, contributing to both countries’ energy needs and long-term goals.
Are there any benefits for India and the UAE from this collaboration?
Yes, both countries can boost their energy cooperation, create job opportunities, and attract investment in the energy sector, benefiting their economies.
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