“American energy companies such as Exxon and Chevron focus on investing in gas infrastructure space and sell their product directly,” said the first person quoted earlier and spoke anonymously. “The gas space in India is growing significantly and the prospects are good with government plans to expand natural gas, attracting global interest.”
Their interest coincides with us pressure on India to reduce the import of Russian energy and increase US stocks. India, the fourth largest LNG importer in the world, meets about half of its natural gas requirements with shipments from the US and Qatar. These two increase LNG capacities and analysts expect excess fuel to 2028. Potential glocks can be absorbed by India because the government focuses on increasing the share of gas in the total energy mixture of the country in the total energy mixture of the country from approximately 7% to 15% by 2030.
So far, American giants have supplied liquefied natural gas (LNG) to Indian large energy owners, including Indianoil Corp. and gail (india) ltd. Their potential entry into the gas industry will oppose the Indian competitors of the public sector.
“The problem of American companies that show their interest has appeared during ongoing interviews at various levels on the establishment of oil and gas facilities in India. There are discussions with the stakeholders and ministries of the line to give it forward,” said the other person and spoke of anonymity.
Questions E -mail E -mail Exxonmobil, the US Embassy in Nový Delhi and the Ministry of Oil and Trade and Trade, remained unanswered until the press. The spokesman Chevron said, “We do not comment on market reputation and speculation on long -term policy.”
“Given the growing demand for India’s energy, the energy sources, including LNGs from all possible sources, are important,” said Gaurav Moda, partner and energy leader in Ey-Parthenon India. “Furthermore, more than the competition of existing players, more global players can actually help develop the market because the Indian gas market is still in a growing phase and has a significantly long time period to feed.”
Russian oil
India and the USA resumed negotiations on a trade agreement after President Donald Trump deposited 50% of domestic exports on the US market. The American tariff in India includes 25% punishment on the new Delhi for the purchase of Russian oil, a point that has repeatedly emphasized Trump’s administration.
Mint 25 September reported that the US had asked India to provide certainty, perhaps in writing to participate in Russian oil purchases and increase imports of American oil before it could be completed by a trade agreement between two nations.
Despite increasing their energy sources from the US, Indian refinery maintained imports from Russia.
“The interviews remain on the way, and Indian negotiators are discussing with their American counterparts to take the necessary steps to shape it into a mutually beneficial bilateral trade agreement (BTA),” the first person said.
LNG growing capacity
India currently has seven LNG operating terminals with a cumulative capacity of 47 million tonnes per year (MMTPA) and about 25,000 km of pipelines supplying distributors and industrial gas. Seven LNG operating terminals include Dahej and Kochi operated by Petronet LNG; Hazira terminal operated by Global Energy Major Shell; Dabhol operated Konan LNG Ltd; Ennore operated by Indianil LNG PVT LTD; Mundra terminal operated by GSPC LNG LTD; and Dhamra operated by Adanitotal Gas Ltd.
Petronet is a joint venture of Gail, Bharat Petroleum Corp., Indian Oil Corp. and Oil and Nadth Gas Corp., while Konkan LNG is a subsidiary of Gail. GSPC LNG is a joint business of Gujarat and Union together with Adani Enterprises Ltd.
Shell was the first global energy company to take full control and operated the LNG terminal in India. The French main performance entered the partnership with the Adani group.
According to the Council for Oil Regulation and Natural Gas (PNGRB), another capacity of the gas 10 MMTPA is approaching in Chhara and Jaffrabad. Several land terminals and floating storage and regenic units are in various stages of planning and implementation in Jigarie, Gangavaram, Kakinada and Krishnapattanam, which will add a capacity of 19.2 MMTPA.
“The completion of these planned capacities and expansion will require another pipe infrastructure and main capital investment,” the regulator noted in the December report.
India imported about 16 million tonnes of LNG, considered a cleaner fuel compared to oil and coal, from January to August, according to data on the tracking of ships assembled by Bloomberg by 10% by 10% by 10%.
The US is one of the top three LNG suppliers to India along with Qatar and SAE. On 2 September, the Minister of Oil and natural gas Hardeep Singh Puri said that the Earth increases its import capacity by 2030 by 27% to 66.7 million tons per year.
Crown LNG on NASDAQ, LNG, already infrastructure company LNG, is engaged in the acceleration and expansion of its operations in India to use the prospects of growing energy between India and the US and build offshore terminal along the Kakinada coast in Andhra Pradesh.
(Tagstotranslate) US Energy Giants (T) Exxonmobil Corp. (T) Chevron Corp. (T) India
