
🇮🇳🇦🇪 Modi flew to Abu Dhabi and left with one of India's most significant energy security deals. The context: India imports nearly 40% of its LPG from the UAE alone. The deals signed: - guaranteed LPG supply - a strategic petroleum reserve MoU building on their existing Mangaluru crude storage partnership - long-term LNG commitments - a new defence cooperation framework - a $5 billion UAE investment in Indian infrastructure and financial institutions India is the world's third largest oil importer. It can't afford supply uncertainty, and it just moved to reduce it significantly. Source: The Economic Times













