India says ready to import more gas and oil from the United States

“We expressed our readiness to import more gas and more oil from United States as a way of expanding trade,” Gokhale told reporters on the sidelines of an Asian summit attended by Prime Minister Narendra Modi.

The United States early this month re-imposed sanctions against Iran’s oil exports to punish Tehran for its involvement in several Middle Eastern conflicts and curb its nuclear programmes.

But fearing a price spike, Washington granted a sanctions waiver to eight of the biggest buyers of Iran’s oil, including India.

India is expected to import about $4 billion of oil from the United States this year, Gokhale said.