India About To Import A Whole Lot More US Crude Oil -- January 19, 2020

From September 25, 2019:

Howdy, Modi: for those interested in connecting the Modi-India-Houston-energy dots, this short article is a must read.  Data points:

• Tellurian's proposed Driftwood LNG liquefaction and export facility near Lake Charles, LA
• Petronet LNG Limited INDIA (PLL) 
• Petronet: India's largest LNG importer
• Petronet: has developed a 17.5-mtpa receiving and gasification terminal at Dahej in the country's Gujarat state and a 5-mtpa facility at Kochi, in Kerala state
• Driftwood Project
• unusual funding scheme
• 27.6-mtpa project
• includes a 96-mile Driftwood Pipeline
• FERC-approved
• gluten-free
• Tellurian hopes to finalize the transaction agreement with Petronet by March 31, 2020
• Driftwood LNG: to begin operations in 2023 

The reason for re-posting:  the Financial Express [Indid] references the "Howdy Modi" event. Data points:

• coming off two huge trade deals, one with China, the other with North America, Trump now sets his sites on India
• no dates have been set, but there are expectations that Trump will visit India this year
• Iranian sanctions have greatly affected India's strategic oil reserves
• sanctions will affect India's refining capacity which is a critical source of export earnings with strategic implications
• US crude oil imports are expected to go up to around 10 million tonnes in the current fiscal year, and will likely double after Trump's visit
• India had to stop the import of crude oil from Iran last year after the Trump administration refused to give further waivers

Conversion: a metric tonne = 7.33 bbls of crude oil.

• 10 million tonnes = 73.3 million bbls
• /365 = 200,000 bopd?

From internet:  

As on 31 March 2018, India had estimated crude oil reserves of 594.49 million tonnes (MT) and natural gas reserves of 1339.57 billion cubic meters (BCM). India imports 82% of its oil needs and aims to bring that down to 67% by 2022 by replacing it with local exploration, renewable energy and indigenous ethanol fuel.

From the Indian newspaper:

Discussions are likely to focus on concessional freight rates for Indian oil imports as well as higher credit period of 60-90 days which could be at par with what India received from Iran. As reported by Financial Express Online, these issues were also discussed at the CEO-level meet in Texas on the sidelines of the “Howdy Modi” event last year when Prime Minister Narendra Modi toured the US.

Reportedly, the US is the world’s top oil producer, with Texas producing more than Iran and Iraq combined.

By the way, on a political note:

• the "bloc" with the largest financial holdings in the US? Jewish
• the "bloc" with the second largest financial holdings in the US? Indian
• fastest growing language in the US: Telugu

From December 29, 2019:

• Telugu is USA's fastest growing language -- from wiki.