John Westwood, Group Chairman of Douglas-Westwood and Dan Eberhart, CEO of Canary USA, give their insights on the future of oil & gas in the Indian market.
To secure 3 million tonnes of LNG at a price lower than the offered $14 per unit, Indian government-owned natural gas processing and distribution company Gail India is negotiating with gas-rich Qatar. Gail India is offering to help Qatar Petroleum to buy 5 per cent equity in Petronet LNG. Gail India wants a price of $12.5 per unit for LNG.
According to media reports, a two-member team
appointed by the Petroleum Minister Veerappa Moily, to probe the alleged irregularities in the gas supply deal between Petronet LNG (PLL) and Qatar-based Ras Laffan, would submit its report in some weeks. The team was appointed by the Moily in January as the earlier inquiry ordered by former minister Jaipal Redd
LNG has proved to be moe expensive than investors had bargained for. Yet why do investors keep returning to that option? Energy mix of a country is driven by the domestic availability of fuels and govÂernmentâ€™s energy sector policies incluÂding of...