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Business News/ Industry / Banking/  India seeks Qatar investment, gas deal to revive power plants
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India seeks Qatar investment, gas deal to revive power plants

Oil minister Dharmendra Pradhan says India is ready to sign long-term gas purchase deals with Qatar provided that Doha agrees to acquire stakes in power plants

A file photo of oil minister Dharmendra Pradhan. Photo: PTIPremium
A file photo of oil minister Dharmendra Pradhan. Photo: PTI

New Delhi: India is ready to sign long-term gas purchase deals with Qatar provided that Doha agrees to acquire stakes in power plants which have been hit by gas shortages, oil minister Dharmendra Pradhan said on Tuesday.

Pradhan told Reuters India was open to granting stakes to Qatar in local oil and gas companies and liquefied natural gas (LNG) terminals, should the Gulf emirate make such a proposal.

Qatar’s RasGas is the biggest LNG supplier to India, where a lack of gas supplies has forced many plants to cease operations or function below capacity. Reuters

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Published: 20 Jun 2017, 01:04 PM IST
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