New balance from oil and GAS deal in Indo-US relations, less purchase of oil from Russia. Paisa Live | Oil and Gas Deal Creates New Balance in India-Russia, Reduces Oil Purchasses from Russia

To strengthen the economic relations between India and the US, Indian public sector oil companies are now preparing to increase gas supply from Russia and increase gas supply from the US. Its purpose is not just energy security, but also to create better relations with the US and to pressurize tariffs. Trade war has disrupted cooking fuel and plastic supply from the US, making LPG’s long -term supply plans. According to Bloomberg report, by 2026, three major gas carriers will import fuel from the US every month, which will meet the needs of more than 33 crore domestic LPG consumers. China is now buying more LPG than West Asia, making America’s products cheap and competitive. Saudi Arabia and other oil exporting countries are also reducing prices to save their share in a large market like India. This change will keep the balance of India’s energy strategy and foreign policy.