PM Modi to Discuss Long-Term Energy Deals, Strategic Reserves Expansion with UAE
L'essentiel
Indian PM Narendra Modi will visit the UAE to secure long-term energy supply deals, expand India's strategic oil reserves, and discuss bilateral issues with UAE President Sheikh Mohamed bin Zayed Al Nahyan, amidst global supply disruptions.
Résumé généré par IA
Indian Prime Minister Narendra Modi will visit the UAE to discuss long-term energy supply deals and expand India's strategic oil reserves. The visit aims to secure supplies disrupted by global conflicts. Modi will meet UAE President Sheikh Mohamed bin Zayed Al Nahyan to explore energy cooperation and bilateral issues. The UAE is one of India's biggest crude oil and natural gas suppliers. In January, India signed a $3 billion deal to buy liquefied natural gas from the UAE. Modi's trip is part of a five-nation tour from May 15 to 20. The UAE is India's third-largest trade partner and home to over 4.5 million Indians. India has three strategic reserve facilities with a total capacity of 5.33 million metric tons and plans to build two more. The countries plan to double bilateral trade to $200 billion in six years and form a defence partnership.
