India US Crude Oil Imports Surge 51 Percent Following Trump Return to Office – Amar Ujala Hindi News Live

This boom in energy procurement shows India’s commitment to reproduce trade relations with the US, one of the great demands of the Trump administration. The import of liquefied natural gas (LNG) has also increased considerably. The import of LNG was $ 1.41 billion in FY 2023-24, doubled in FY 2024-25 to $ 2.46 billion.

The increase in the agreement between Trump-Modi

The reason for this boom is an agreement between Trump and PM Narendra Modi in February 2025, in which the two leaders committed to increase energy cooperation. India has targeted to increase energy purchase from the US from $ 15 billion to $ 25 billion by 2024. Also, the total trade between the two countries plans to increase the total trade from $ 200 billion to $ 500 billion by 2030.

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America’s share in India’s total oil imports now 8 percent

The joint statement said that the two countries together want to strengthen energy security and make America a major energy supplier for India. According to data, this speed has become quite fast. In the first quarter of FY 2025-26, India’s crude oil imports from the US rose 114% to $ 3.7 billion, earlier $ 1.73 billion. In July 2025, India bought 23% more American oil than in June. Now the US stake in India’s total oil imports has increased from 3% to 8%.

Buying LNG from America attractive proposals for Indian companies

Prashant Vasistha, senior vice president of the rating agency ICRA, says that buying LNG from the US is a very attractive proposal for many Indian companies. The first reason is that its value is based on the US ‘Henry Hub’ benchmark, which is cheaper. Second, a large number of LNG projects are coming online in the US, which means that more Indian companies will closely monitor the US market for long -term contracts.

Trump removed the policy of Biden administration as soon as he became President

Trump removed the policy of Biden administration as soon as he became President, which prohibited the US gas export license. The US Energy Information Administration estimates that by 2028, North America’s LNG export capacity will double, with most of the increase by the US.

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India will leave China behind by 2030

India’s growing energy purchase from America is taking place at a time when India is becoming the fastest oil demand country in the world. It is estimated that by 2030, India will also surpass China in this matter. Also, LNG demand in India can increase 78% to 64 billion cubic meters.

Talk on long term LNG contracts

According to another person familiar with the case, there is a negotiation between India and the United States on long -term LNG contracts of billions of dollars. India’s large oil-gas companies are interacting directly with American companies. India considers America a trusted companion for its energy security. However, there are also some disputes on energy relations. The Trump administration is especially concerned about India’s buying oil from Russia. The Trump administration wants India to put pressure on Russia to eliminate the Ukraine war, and India thinks on the purchase of oil from Russia.