On July 2, 2026, H.E. Narendra Modi, Prime Minister of the Republic of India, and H.E. TAKAICHI Sanae, Prime Minister of Japan, met in New Delhi, India, to express their shared intention to work as responsible powers and major energy-consuming countries in Asia. They aim to strengthen energy resilience in light of the current geopolitical situation.
Both leaders emphasized regional initiatives like Japan’s Partnership on Wide Energy and Resources Resilience (POWERR Asia) and India’s support for energy security in South Asia.
The two sides pledged to cooperate on specific initiatives, particularly in stockpiling crude oil and petroleum products. They highlighted mechanisms related to national stockpiling systems, industry stockpiles, and emergency response.
Cooperation will also address challenges in energy availability and affordability, focusing on supply assurance and mitigating market volatility.
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