19 Apr, 2011, 08.06AM IST,ET Bureau
NEW DELHI: India is in talks with Indonesia, Kuwait and Brunei for long-term import of liquefied natural gas (LNG) to feed its rapidly growing energy demand, which has attracted global energy giants such as BP .
"Oil ministers of Kuwait, Brunei and Indonesia have given positive indications for supplying LNG to an Indian delegation in separate bilateral meetings in Kuwait," a petroleum ministry spokesman said. An Indian delegation, led by minister of state for petroleum & natural gas RPN Singh, was in the oil-rich Middle East nation to attend the 4th Asian energy ministerial round table on sustainable growth and energy interdependence on Monday.
At the bilateral meeting with Indonesian oil minister Darwin Zahedy Saleh, Singh asked for 5 million tonnes of annual LNG supply from Indonesia. "The supply can start from 2012 when the requisite LNG handling infrastructure would be ready," the spokesman said. Singh also expressed India's interest to replicate Indonesia's success in converting kerosene users to LPG that would save the environment besides curbing menace of adulteration of kerosene with diesel due to huge price difference, he said.
India expressed its keenness to import LNG from Brunei, for which state-run Gail is willing to invest in the country's upstream sector, he said. Singh has invited strategic investment from oil and gasrich Kuwait in petrochemicals projects promoted by state-run companies at Dahej and Mangalore, while talking to country's oil minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah on the sidelines of the ministerial roundtable.
He asked Kuwait, India's fourth biggest crude oil supplier, to increase the quantum. Saudi Arabia is India's largest crude oil supplier followed by Iran and Iraq. "The minister urged the Kuwaiti side to increase crude oil supplies in the coming years in view of the significant increase in the country's refining capacity, with the Bhatinda, Bina and Paradip refineries expected to be commissioned by March 2012," he said.
Country's crude oil demand will soot up by 30 million tonnes after the three refineries are commissioned and running at their name-plate capacities.
Source: http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/india-in-talks-with-indonesia-kuwait-for-lng-supply/articleshow/8023387.cms
NEW DELHI: India is in talks with Indonesia, Kuwait and Brunei for long-term import of liquefied natural gas (LNG) to feed its rapidly growing energy demand, which has attracted global energy giants such as BP .
"Oil ministers of Kuwait, Brunei and Indonesia have given positive indications for supplying LNG to an Indian delegation in separate bilateral meetings in Kuwait," a petroleum ministry spokesman said. An Indian delegation, led by minister of state for petroleum & natural gas RPN Singh, was in the oil-rich Middle East nation to attend the 4th Asian energy ministerial round table on sustainable growth and energy interdependence on Monday.
At the bilateral meeting with Indonesian oil minister Darwin Zahedy Saleh, Singh asked for 5 million tonnes of annual LNG supply from Indonesia. "The supply can start from 2012 when the requisite LNG handling infrastructure would be ready," the spokesman said. Singh also expressed India's interest to replicate Indonesia's success in converting kerosene users to LPG that would save the environment besides curbing menace of adulteration of kerosene with diesel due to huge price difference, he said.
India expressed its keenness to import LNG from Brunei, for which state-run Gail is willing to invest in the country's upstream sector, he said. Singh has invited strategic investment from oil and gasrich Kuwait in petrochemicals projects promoted by state-run companies at Dahej and Mangalore, while talking to country's oil minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah on the sidelines of the ministerial roundtable.
He asked Kuwait, India's fourth biggest crude oil supplier, to increase the quantum. Saudi Arabia is India's largest crude oil supplier followed by Iran and Iraq. "The minister urged the Kuwaiti side to increase crude oil supplies in the coming years in view of the significant increase in the country's refining capacity, with the Bhatinda, Bina and Paradip refineries expected to be commissioned by March 2012," he said.
Country's crude oil demand will soot up by 30 million tonnes after the three refineries are commissioned and running at their name-plate capacities.
Source: http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/india-in-talks-with-indonesia-kuwait-for-lng-supply/articleshow/8023387.cms
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