India and the Kingdom of Saudi Arabia have signed an agreement to enhance cooperation in the energy sector, with a focus on ensuring security of the supply for all energy sources.
Both sides agreed to collaborate on balancing global energy market dynamics and strengthening supply chain resilience. The agreement includes cooperation support for India’s strategic reserve program.
It also covers collaboration in electricity and renewable energy, including the completion of a detailed joint study on electrical interconnection between the two countries. The two nations will also exchange expertise in grid automation, connectivity, security, and resilience, alongside cooperation in renewable energy and energy storage technologies. Furthermore, India and Saudi Arabia have committed to jointly advance the development of green and clean hydrogen, including demand stimulation, transport and storage technologies, and the sharing of best practices. The agreement also emphasises cooperation in energy efficiency, particularly in buildings, industry, and transport sectors, and promoting awareness around rational energy consumption.
