Deliberations on LNG likely during Trump’s India visit: Oil Minister
New Delhi: With India pushing for a gas-based economy, discussions around liquefied natural gas (LNG) may feature during the upcoming visits of Qatar energy minister and US President Donald Trump here, said India’s oil minister Dharmendra Pradhan on Thursday.
This comes in the backdrop of India— the world’s fourth-largest LNG importer— building up its LNG portfolio with Indian firms having inked long-term LNG contracts totalling 22 million metric tonnes per annum (mmtpa). India consumes around145 million standard cubic meters a day (mmscmd) of gas.
The latest case in point being US’ Tellurian Inc. inking a $7.5 billion agreement for India’s Petronet LNG Ltd to buy a stake in its proposed liquefied natural gas (LNG) terminal in Louisiana, in what could potentially be one of the largest foreign investments in the US for shipping shale gas abroad.
