Petroleum Ministry note on shale gas for wider ... - GAIL (India)

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India in Talks to Buy 2OMT LNG: Mollyhave been there. LNG re-gasi line:But the challenge before ports by 50% by 2020, 75% byPTI fication capacity is expected us is that landed cost is cx 2025 and eventually achieveNEW DELHI to be more than 50 million pected to remain high in the self-sufficiency and energyEnergy-hungry India is in tonne per annum by 2016-17, lower range of $10-12 per mU independenceby 2030.talks tobuy as much as2O mv with a supply of 198 million lion Britishthermal unit; not Part of this will be done bylion tonne of liquefied natu standard cubic meters per in the range of $4-S that cus finding moreoil and gas.ral gas(LNG) a yeaz butprice day" he said.,tomersare used to," he said. Dispite very low per capitaof over $10 remains a chal Now, there are three oper "Making this LNG a cheap consumption of energy,lenge, Oil Minister MVeerap ational IANG import fadii er comparable fueloption is a which is about one-third ofpa Molly saidon Thesday ties: a 10-mifilon-tonne ter greattask," headded, global average, India is the"India has now become fifth minal at Dahej; a Molly said pricing of LNG fourth largest consumer oflargestimporter of LNG at: 3.6-million-tonne plant at (natural gas super-cooled to energy in the world and cxterJapan, South Korea, UK Hazira inGujarat and a 5-mil turn it into liquid for ease of pected to become third largeandSpain and accounts for lion-tonne terminal at Dab transportation in ships) is st consumer of energy by5.5% of the total trade," he hol in Maharashtra. A 5-mil fast turningan issue. 2030, he said,said, addressing the third lion-tonne terminal is to be "Importers now desire to India's energyconsumptionlEF NOC-lOC Ebrum. LNG -commissioned in Kochi In move away from oil-linked will growat around 7.2% durdemandis expected to grow Keraia this year LNG termi gas prices to henry hub gas ing 2007-2030 in comparisonat 5-6% per year till 2020 and nals are being planned on the pricing on account of high to world average of 1.5%, he2-3% thereafter, driven byIn eastcoast as well, price band in which oil is ho said,dia and other Asian counter "India already has secured veringaround," he said. As per IEA projections, Inparts,he said. supply dealof around 14-mil Stating that the country de dia willbeneedingadditional"Alotof capacitiesarebeing lion-tonne per annum (of pendsonimportstomeetl3% 271 million tonnes of oil andcreated in India and huge LNG) and around 20-million of its oil needs, the Minister 97million tonnes of oilequivnumbersof supply deals tonne deals are in the pipe said he wants to reduce im alent gas per annum by 2030.
India in Talks toBuy 20 MTLNGNewDelhi:Ener'-hungryIndia isin talkstobuy as4piUch as20 million tonnes a yearof liquefiednatural gas orINGbütpriceofdver Smremains a challenge, OilMinister M VeerapphMoilysaidbn Thesday "Indiahas now become fifth larg-'est impoijerof LNG afterJapan, South Korea, 13Kand Spain and accountsfoç "s per cent of the totaltrade," he said addressingthird lEF NOC-JOCForum.. Fri-
Page 7: Vopak considering LNG storage In As
Page 18 and 19: HPL intrinsic value luring oil majo
Page 20 and 21: Sd Yet to TurnPSU Pacts intoJVSto A
Page 22 and 23: Pricing makes new deals for importe
Page 26 and 27: clalidenlified locations gas is sup
Page 28 and 29: India in talks to buy 20 MT ofLNG:
Page 30 and 31: iLNG Pipeline:Meet to beConvenedbFe

Petroleum Ministry note on shale gas for wider ... - GAIL (India)

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