|
India seeks more gas, oil from Qatar
Monday April 02, 2012 09:11:01 PM,
Special Correspondent
|
|
|
|
|
New Delhi: India is
keen to increase gas and crude oil imports from Qatar. The two
countries are hopeful of soon working out the prices of the new
supplies, Petroleum and Natural Gas Minister S. Jaipal Reddy said
Monday.
"In the years ahead, with our energy demands growing rapidly, we
look to Qatar for larger quantities of not only LNG but crude oil
and LPG as well," Reddy said at an event organised to mark the
fifteenth foundation day of Petronet LNG Ltd.
Reddy said India imported 5.6 million tonnes of oil from Qatar in
2010-11 and was willing to increase the import.
India also buys 7.5 million tonnes of Liquefied Natural Gas (LNG)
from Qatar under a long-term contract.
Reddy held bilateral talks with Qatari Energy and Industry
Minister Mohammed bin Saleh al Sada here and requested for
additional supply of oil and gas.
India has been asking for an additional 5 million tonnes of LNG
supply from Qatar, the world's largest LNG producer with an annual
production capacity of 77 million tonnes.
However, pricing remains the sticky point as Qatar has been
demanding very high prices for the new supply.
Reddy said pricing of gas remained a challenge in India as it had
to compete with cheaper fuels such as coal, especially in the
power sector.
"On the pricing front, however, a major challenge is that for end
consumers in India, gas has to compete with relatively cheaper
fuels such as coal, especially in the power sector. Therefore,
price fixation for gas, whether LNG from abroad or gas through
trans-national pipelines, will have to be mindful of this
reality," Reddy said.
The minister expressed hope that the two countries would soon work
out a realistic price mechanism for the new gas supply.
"I am sure that the ongoing pricing negotiations between RasGas,
Qatar and Petronet LNG Ltd and other oil companies in India will
soon reach fruition, to the satisfaction of both sides," he said.
|
|
Home |
Top of the Page
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Top Stories |
|
 'One
million Syrians in need of humanitarian assistance'
At least one million Syrians are in need of
humanitarian assistance, according to the findings of a
government-led assessment mission »
Iran and the Lebanization of Syria
Massacre
in Syria:
Arab League terms it crime
against humanity
Significant devastation in Syria's Homs: UN official
|
|
|
|
Most Read |
|
 Islamic Book Controversy in Toronto
Tarek Fatah of course wants the bookstore owner charged under the
law. This is not unexpected of Fatah who has made a lifelong
career out of
»
Book by Muslim scholar advises 'ways to beat wife', sparks outrage
|
|
Members of Mexico's 'satanic cult' arrested
for human sacrifices
The seven members of a satanic cult arrested last
week for allegedly sacrificing two 10-year-old boys and a
44-year-old woman to Mexico’s Holy Death deity have been
identified, an official said.
The group’s leader was Silvia Meraz, one of the suspects arrested
for the three killings »
|
|
|
|
News Pick |
|
Common
engineering entrance test only after consensus: Sibal
Human
Resource Development (HRD) minister Kapil Sibal Monday said the
central government will consult every state government and move
forward on a common entrance test for engineeering courses only
after »
|
|
Urdu medium schools for Muslims in UP
To promote education among Muslims, Uttar Pradesh government has
decided to set up Urdu medium government schools at the primary,
middle and higher secondary levels in the community-dominated
areas across the state.
»
|
|
'Media should self-regulate, ward off
regulator'
Self-regulation by the Indian media is better than
external agencies breathing down its reportage, experts said at an
event here even as the Supreme Court constitution bench is hearing
a plea for framing guidelines to regulate media
»
|
|
|
|
Picture of the Day |
|
 |
|
Union Minister for Human Resource Development and
Communications and Information Technology Kapil Sibal briefing
the media on two years’ of Right to Education (RTE), in New
Delhi on March 31, 2012. Secretary, SE&L, Ministry of HRD Mrs
Anshu Vaish is also seen.
(Photo:
Deinesh Kumar) |
|
|
|
|
Comments
|
Quick links