Related Articles
Report
Forward article link
Share PDF with colleagues

Flexing India's muscles

The country will need to import more oil and gas. But, as recent oil and LNG deals show, the advantage is presently with the buyer

At some point before the end of 2020, liquefied natural gas from the US, Australia or Qatar will land for regasification at a plant in Haldia, a port in West Bengal state. Once they're warmed, the molecules will enter India's domestic pipeline network, supplying fertiliser and steel plants, industrial users and even small customers. It should be a new source of cheap fuel for a hungry economy. India will need more. Its rapid expansion will translate into ever-rising volumes of fossil fuels and surging supplies from abroad. Domestic production, renewables, and conservation efforts will play a part in mitigating this. And Indian investors are scouring the globe for reserves. But for all that,

Also in this section
Brexit casts dark cloud over UK's North Sea industry
18 December 2017
The UK's oil and gas sector has been the focus of some sizeable asset acquisitions recently, but uncertainty over the terms of the country's withdrawal from the EU is confusing the outlook
Saudi Arabia: Into the unknown
15 December 2017
The crown prince’s domestic and regional policies are taking the kingdom along several new and uncharted paths
Happy days ahead for Tullow Oil
14 December 2017
The company's bottom line suffered when crude prices crashed in mid-2014, but a landmark maritime boundary resolution should lead to a welcome boost for company revenues