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Modi-Trump energy pledge signals bonanza for US gas exporters

Indian companies make clear demand for fresh supplies in world’s fastest-growing major economy

US gas exports are the most likely beneficiaries of a pledge by Donald Trump and Narendra Modi to make India a leading buyer of American energy, analysts said, as the world’s fastest-growing big country sucks in more fossil fuels from around the world.

Modi and Trump, meeting last week for the first time since the US president’s inauguration, agreed to increase American oil and gas exports as part of efforts to rebalance the two countries’ trade relationship.

At the moment, Russia is the main supplier of crude to India, while Qatar is the biggest provider of liquefied natural gas.

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