India, US look forward to time-bound action on energy coop.

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New Delhi, Apr 4 (UNI) India and the United States today expressed satisfaction at the level of cooperation and progress during the past three years in energy sector, including civil nuclear energy, and said they looked forward to time-bound actions in energy cooperation in keeping with the transformed nature of the bilateral strategic partnership.

At the third meeting of the Steering Committee of the India-US Energy Dialogue here, the two countries resolved to move towards the common objective of clean energy, energy efficiency and energy security while pursuing the goal of sustainable development.

The Indian side at the talks was led by Foreign Secretary Shivshankar Menon while the US delegation was headed by Under Secretary in the Department of Energy, C H 'Bud' Albright.

A Memorandum of Understanding (MOU) was also signed between the Ministry of Petroleum and Natural Gas and the Department of Energy, US, for cooperation in gas hydrates which, among other things, would facilitate the establishment of a Gas Hydrate Technology Center in India.

The Hindustan Petroleum Corporation Limited (HPCL) and the United States Trade Development Agency signed a Grant Agreement under which technical assistance will be provided for the proposed HPCL Asset Integrity Management Project.

Prior to the meeting, the Working Groups established under the India US Energy Dialogue focusing on Oil and Natural Gas, Coal, Power and Energy Efficiency and New Technologies and Renewable Energy met here from March 31 to April 3.

The India-U.S. Energy Dialogue, launched on May 31, 2005, is aimed at increased India-U.S. trade and investment in the Indian energy sector by working with the public and private sectors to further identify areas of cooperation.

It is also aimed at building on the broad range of existing cooperation to mobilise secure, clean, reliable and affordable sources of energy, focusing on oil and natural gas, coal, power and energy efficiency, new technologies and renewable energy and civil nuclear energy.

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