IOC, GAIL eye LNG projects in Africa

December 11, 2011 03:33 am | Updated 03:33 am IST - NEW DELHI

Indian Oil Corporation (IOC) and GAIL (India) are looking closely to pick up equity in LNG projects in the African region to meet India's future energy needs in a big way, Petroleum and Natural Gas Minister Jaipal Reddy said here on Friday.

Inaugurating the third Africa Hydrocarbon Conference here, Mr. Reddy said India's oil companies were looking at farm-in opportunities in producing blocks, especially those in Libya, Algeria, Egypt and Nigeria. Africa supplies 35.31 million tonnes, or 21.5 per cent, of India's crude oil requirement.

At the same time, the Petroleum Mminister outlined that India was keen on participating in exploration and production opportunities in Angola, Ghana, Sudan, Algeria, Congo, Nigeria, Uganda, Cote D'Ivoire, Mozambique, Chad, Gabon and Tanzania.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.