23356
India Eager to Buy LNG From Iran
Energy

India Eager to Buy LNG From Iran

With the lifting of sanctions, Iran is planning LNG liquefaction facilities. An Indian delegation visited Iran during the last week of July 2015, wherein the Indian side indicated their willingness to purchase LNG from Iran, Indian Oil Minister Dharmendra Pradhan informed the upper house of the Indian Parliament in a written reply. In 2005, India's gas transmission company GAIL, alongside Indian Oil Corporation and Brahmaputra Cracker and Polymer Limited, signed a contract with the National Iranian Gas Export Company to buy 5 million tons of LNG annually, according to Pradhan's statement, Sputnik reported. The NIGEC failed to execute the contract, as it had not received an approval from the National Iranian Oil Company. Pradhan said India's demand for gas is expected to increase by almost one-third in 2018 and 2019.

 

Short URL : http://goo.gl/Uxal5q

You can also read ...

More Iranian Oil Tankers Head to China
An unprecedented volume of Iranian crude oil is set to arrive...
US Intimidates Iraq to Kill Siemens Deal in Favor of GE
The Trump administration intervened to quash a $15 billion...
Asia Natural Gas Prices Rising
Asia's liquefied natural gas prices are set to go up on the...
Turkey Refiner Seeking Waiver for Iran Sanctions
Turkey’s top refiner, Tupras, is in talks with US officials to...
Iran Awaits CNPC Decision on South Pars
Terminating its contract to develop Iran's giant South Pars...
Iran: Contract Signed to Boost Oil Output in Sirri Region
Crude oil production in Sivand, Esfand and Dena offshore...

Trending

Googleplus