ENA Sectors 2025-02-14 14:11:09 <p><span style="font-size:14px"><strong>New Delhi, Feb 14 (KNN)</strong> India significantly strengthened its energy security and transition capabilities through multiple strategic agreements signed during India Energy Week (IEW) 2025, held at Yashobhoomi, New Delhi, from February 11-14. </span></p> <p><span style="font-size:14px">The comprehensive range of partnerships spans crude oil imports, LNG supply, upstream exploration, and renewable energy initiatives.</span></p> <p><span style="font-size:14px">In a notable development for crude oil security, Bharat Petroleum Corporation Limited (BPCL) established an optional term contract with Brazil's Petrobras, securing potential access to six million barrels of Brazilian crude grades. </span></p> <p><span style="font-size:14px">Simultaneously, Indian Oil Corporation Limited (IOCL) fortified its LNG portfolio by signing a substantial 14-year agreement with ADNOC, UAE, valued at over USD 7 billion, for the procurement of up to 1.2 MMTPA of LNG beginning in 2026. </span></p> <p><span style="font-size:14px">BPCL further enhanced India's LNG supply security through a separate agreement with ADNOC for 2.4 million metric tonnes over five years, with provisions for a five-year extension.</span></p> <p><span style="font-size:14px">India marked its entry into the LNG export market through IOCL's sales agreement with M/s Yogya Holdings Nepal, arranging the export of approximately one thousand metric tonnes of LNG via cryogenic trucks through the Dhamra Terminal in Odisha. </span></p> <p><span style="font-size:14px">This milestone represents India's expanding role in regional energy distribution.</span></p> <p><span style="font-size:14px">The upstream sector witnessed significant developments as ONGC Videsh Ltd. (OVL) and Petrobras agreed to collaborate on oil and gas projects across Brazil, India, and third countries. </span></p> <p><span style="font-size:14px">The partnership encompasses trading, low-carbon solutions, digitalisation, and human capital development. Oil India Limited (OIL) similarly engaged with Petrobras to explore offshore hydrocarbon opportunities in deep and ultra-deep regions, particularly in the Mahanadi and Andaman basins.</span></p> <p><span style="font-size:14px">Technical collaborations saw substantial progress with BP's selection as the Technical Services Provider for ONGC's Mumbai High field, where it will conduct comprehensive performance reviews and implement technological interventions. </span></p> <p><span style="font-size:14px">Engineers India Limited (EIL) partnered with BP Business Solutions India Pvt. Ltd. to enhance operations across refining, terminals, and pipelines, with a particular focus on reducing carbon emissions and improving energy efficiency.</span></p> <p><span style="font-size:14px">In the renewable energy sector, BPCL initiated two pioneering projects. The company partnered with Israel's Eco Wave Power to develop India's first wave energy pilot project in Mumbai, featuring a 100 kW wave energy converter installation. </span></p> <p><span style="font-size:14px">Additionally, BPCL's collaboration with the National Sugar Institute (NSI), Kanpur, aims to advance sweet sorghum-based bioethanol production, establishing a comprehensive value chain for sustainable ethanol production.</span></p> <p><span style="font-size:14px">These strategic agreements at IEW 2025 demonstrate India's comprehensive approach to energy security and transition, balancing traditional energy sources with innovative renewable technologies while strengthening international energy partnerships.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em><br /> </p> 41062 https://knnindia.co.in/news/newsdetails/sectors/india-signs-landmark-energy-agreements-with-uae-brazil-israel-during-iew-2025 2025-02-14 14:11:09 knnindia.co.in