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India seeks LNG supplies from Brunei, Indonesia

India seeks LNG supplies from Brunei, Indonesia
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First Published: Mon, Apr 18 2011. 08 10 PM IST
Updated: Mon, Apr 18 2011. 08 10 PM IST
New Delhi: India has sought liquefied natural gas (LNG) supplies from Brunei and Indonesia to meet its growing energy demand, a government statement said on Monday.
India, Asia’s third-largest oil consumer, is seeking to import about 5 million tonnes a year LNG from Indonesia, the statement said, as its new LNG terminal at Kochi in Southern India would be operational by December 2012.
State-run gas utility GAIL (India) Ltd is willing to invest in Brunei’s exploration sector to create required capacities and infrastructure, the statement said.
During a roundtable of Asian energy ministers in Kuwait, India’s junior oil minister RPN Singh discussed the country’s LNG needs in bilateral meetings with Brunei and Indonesia, it added.
India currently imports 7.5 million tonnes a year of LNG from Qatar under long-term contracts and buys spot cargoes from across the world.
India also held a bilateral meeting with Kuwait’s oil minister Ahmad Al-Abdullah Al-Ahmad Al-Sabah, during which Singh urged the Gulf nation to step up its crude oil supplies in coming years to feed Asia’s third-largest economy’s expanding refining capacity.
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First Published: Mon, Apr 18 2011. 08 10 PM IST
More Topics: India | LNG | Brunei | Indonesia | RPN Singh |