India Oil and Gas

Putin’s uwillingness to go to Pakistan could have been caused by Islamabad’s refusal to give Gazprom a contract for construction of a branch of “Iran-India” gas pipeline

The summit of the leaders of Russia, Pakistan, Afghanistan and Tajikistan, planned for this week in Islamabad, has been postponed. Kommersant has learnt from the Pakistani sources, the Government has postponed the forum after the President of Russia, V. Putin, hadn’t confirmed his participation in it. For the first time for half a century the visit of the Russian President to Pakistan was supposed to give a start to the rebuilding of the relationships of Moscow and one of the key countries of the region. According to Kommersant, V. Read more »

India is about to join to the development of the Russian Arctic shelf

Indian “OVL” plans to take part in the production of oil at the Russian shelf in the Arctic. OVL, an investment subdivision of the largest Indian oil-and-gas company “Oil and Natural Gas Corporation (ONGC)”, negotiates on its participation in one of the projects of Rosneft. American “ExxonMobil”, Italian “ENI” and Norwegian “Statoil” also take part at the project, RIA PrimaMedia states, citing Indian newspaper “Times of India”. Read more »

Uzbekugol and Gas agency of India to plan to realize the projects of $40 million

In 2012-2014, Uzbekugol, the largest producer of solid fuel in Uzbekistan, and the State gas agency of India (The Indian Gas Agency) map out to realize their joint ventures in the sphere of the coal industry, a representative of Uzbekugol reported to the Agency Prime on Tuesday.

The representative of the Uzbek company noted that Uzbekugol and the State gas agency of India have signed a memorandum on cooperation, providing for the participation of Uzbekugol in the realization of projects of coal production in India. Read more »

Turkmenistan has signed the agreement for gas supplies to India and Pakistan

Turkmenistan has signed the agreement for gas supplies to India and Pakistan, becoming closer by a step to the creation of a transnational pipeline supported by the USA that will be laid via Afghanistan. The agreement for gas purchase and sales has been signed on Wednesday by Turkmengaz and the Indian GAIL and the Pakistani Inter State Gas Systems. Read more »

Novatek continues negotiations about sales of 29% in Yamal LNG project with Qatar and India investors

Novatek continues negotiations about the sale of 29% in Yamal LNG project with Qatar and India investors. Yamal LNG presupposes the creation of the capacities for LNG production, storing and dispatch on the basis of the South Tambey deposit. SEC reserves are 418 billion cubic m of gas and 15 million tons of gas condensate. PRMS reserves are 802 billion cubic m of gas and 31 million tons of gas condensate. The project presupposes the construction of an LNG plant with annual capacity of 15 million tons a year and production up to 1 million tons of gas condensate. Read more »

Turkmenistan and Afghanistan discussed the implementation of the TAPI gas pipeline project from Turkmenistan to India

The Ministry of Petroleum and Mineral Resources of Turkmenistan met in Ashgabat with the delegation of the Ministry of Mines of Afghanistan, the press service of the Turkmen Ministry reported.  The theme of the talks was the issues of implementation of the gas pipeline project Turkmenistan-Afghanistan-Pakistan-India (TAPI). Read more »

TAPI construction to strengthen India’s energy safety

The Turkmenistan-Afghanistan-Pakistan-India (TAPI) construction will strengthen India’s energy safety, the Ambassador of India in Moscow A. Malhotra reports. In his opinion it’s important as well for promotion of the regional cooperation. Afghanistan, Pakistan and India will get up to 3.2 billion cubic m of gas a day via this pipeline with length of 1,680 km. Mr. Malhotra claims that they are ready for cooperation and the project's promotion.

Translated by Nadezhda Poltoratskaya Read more »

Kazakhstan has passed 25% of the Satpaev project at the shelf of the Caspian Sea to India

Kazakhstan and India signed a package of documents on a transfer of a 25% share in the project “Satpaev” at the shelf of the Caspian Sea in favour of the Indian company “ONGC Videsh Limited”. Read more »

Analysts: ONGC looks for oil in Russia and Systema of the RF looks for cheap money in India

Systema AFC and ONGC can merge their oil assets. Yesterday they signed a framework agreement on the presupposing of the merging of shares in Bashneft and Russneft and Imperial Energy, a 100% branch of ONGC. Systema states that they can use other oil and gas assets for the merger but Russia will act as the major territory for cooperation. The companies are going to make concrete solutions within 12 months. Analysts value their integration plans differently. Most of them think that the integration is advantageous first of all for India. The analyst of the Fund for National Energy Safety K. Read more »

Robert Dudley invites Rosneft to India

The former BP-TNK chief and the present BP president R. Dudley visits Moscow very often now. On Friday he met with Rosneft chief E. Khudainatov. One of the issues they negotiated upon was probable joint operations in India. BP representative confirms the fact of the meeting but refuses to comment upon the issues discussed. Rosneft did the same stating that the company regularly meets with its partners. Mr. Dudley met as well with BP-TNK co-owner and the Chairman of the Board M. Fridman. Read more »

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