Nation Current Affairs 23 Sep 2019 PM Modi meets CEOs o ...

PM Modi meets CEOs of 17 firms

DECCAN CHRONICLE WITH AGENCY INPUTS
Published Sep 23, 2019, 2:16 am IST
Updated Sep 23, 2019, 2:16 am IST
On the sidelines of the meeting, an MoU was signed between Houston-based energy major Tellurian and India’s Petronet LNG.
PM Modi
 PM Modi

New Delhi: In a bid to energise India-United States trade ties, Prime Minister Narendra Modi held a meeting with the business heads of 17 energy companies shortly after arriving in Houston.

On the sidelines of the meeting, an MoU was signed between Houston-based energy major Tellurian and India’s Petronet LNG.

 

Petronet will invest $2.5 billion in Tellurian’s proposed Driftwood LNG export terminal, in exchange for the rights to 5 million mt. tons of LNG per year over 40 years, MEA spokesperson Raveesh Kumar said.

The roundtable discussion with the 17 CEOs was the first engagement of Mr Modi on arrival in the US. The combined net worth of these 17 companies is US$1 trillion with a presence in 150 countries. All companies have some engagement, presence with or in India.

“Further energising India-USA bond. Among the first engagements of PM @narendramodi in Houston is a meeting with CEOs from the energy sector. India and USA are looking to diversify cooperation in this sector,” tweeted PM Office.

Mr Kumar added the CEOs talked about enhancing their footprint in India. “The objective of the meeting was to deepen our energy cooperation as part of our strategic energy partnership,” Mr Kumar said.

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