India and Viet Nam have given a nod to co-operate in oil and gas exploration and collaborate in renewable energy, nuclear energy and emerging clean technologies under their upgraded strategic partnership. Both countries reached the agreement during the visit of Viet Nam’s President To Lam to India, as they inked ‘Enhanced Comprehensive Strategic Partnership’.
The two nations have agreed to boost oil and gas exploration and production activities, which includes the development of new wells engaging Indian companies in the Southeast Asian country, abiding by international law and the United Nations Convention on the Law of the Sea (UNCLOS). Their agreement encompasses deepening cooperation in renewable energy, energy transition initiatives and climate-resilient technologies.
Officials have stated that Viet Nam has expressed its interest in joining the Global Biofuels Alliance (GBA). Both countries have acknowledged the International Solar Alliance’s (ISA) role in advancing clean energy collaboration.
Expressing satisfaction with the ongoing collaboration in the peaceful uses of atomic energy, they agreed to intensify follow-up on various avenues of further cooperation emerging from the 4th India-Viet Nam Joint Committee Meeting on atomic energy. Viet Nam has invited India to participate in its nuclear power sector.
The development assumes significance in the light of the changing geopolitical situation in the Indo-Pacific region, as countries are making efforts for new energy partnerships and building resilient supply chains.
