Coal News We love to talk!
A unit of India's Oil and Natural Gas Corp Ltd (ONGC) is in early talks with Gazprom for supply of natural gas through a complex swap involving Russia, China and Myanmar, the head of the unit said on Wednesday.
The unit, ONGC Videsh Ltd, and two other Indian state companies, GAIL and Engineers India Ltd , first discussed the idea with Gazprom a few months ago, said Narendra K. Verma, ONGC Videsh's managing director.
"Myanmar is sending gas to China through an existing pipeline ... if Russia can provide equivalent gas to China, then we can reverse the flow of gas from Myanmar to China and bring that gas to India," Verma told reporters on the sidelines of India's Petrotech energy conference.
"For that we'll need a pipeline from Myanmar to India." He said this was the best way of getting Russia to help India with its gas needs, but would need the cooperation of China and Myanmar.
- ONGC lines up $3 billion investment in Mozambique Read more
- PM Narendra Modi arrives in Iran; Chabahar port,energy ties high on agenda Read more
- Oil prices mixed amid Iran, Euro zone woes Read more
- MNRE notified the report on Hydrogen Energy and Fuel Cells in India Read more
- India a bright spot in the gloomy global energy industry: Jon Fredrick Muller Read more
- Indian Oil reconsidering investment plans for Paradip refinery in Odisha Read more
- Dharmendra Pradhan for petroleum pipeline from Siliguri to Parvatipur Read more
- GAIL's shale gas from US to reduce fuel import bill Read more
- Panel probing delay in ONGC KG basin gas find: Dharmendra Pradhan Read more
- World Bank to help India-led solar alliance mobilize $1 trillion Read more