India to accelerate purchase natural gas from overseas
The world's largest strategy consulting firm McKinsey & 22 at the sixth Asia Gas Partnership Summit, a report predicted that by 2015 India's demand for natural gas may be from the current 166 million cubic meters per day to 2.3 per day 100 million -3.2 million cubic meters. For heavily dependent on foreign resources, India, along with the rapid economic recovery, to accelerate the worldwide search for natural gas, the pace will be more urgent.
The report said that if natural gas per million British thermal units priced between 10-11 U.S. dollars, when the demand for natural gas can reach 280 million cubic meters per day. Among them, oil refining chemical industry new demand of up to 35 million cubic meters per day, the power sector five million cubic meters per day, city gas can reach 10 million -1,200 million cubic meters per day. Analysts expect 2011 per million British thermal units of natural gas benchmark price of 5 dollars.
At present, India's domestic natural gas production was only 132 million cubic meters per day. India has begun to pick up around the world to buy overseas resources, and the pace of mergers and acquisitions. India's Petroleum Secretary Sangda Rui Shan said on that day, the world's leading LNG exporter Qatar has agreed to in 2013 to supply LNG to India at the current annual 7.5 million tons based on the increase by 400 million tons. According to a recent agreement, Qatar, the supply of liquefied natural gas to India in 2010 will increase by 30 million tons in 2011 to increase by 50 million tons in 2012 an additional 250 million tons, from 2013 onwards an annual increase of 4 million tons. In India, visited Qatar's Deputy Prime Minister and Minister of Energy and Industry Minister Abdullah bin Hamad Al-Attiyah, said the new supply contract will be 15 to 20 years of long-term contract and is expected to be reached in a few weeks.
In addition, India's Oil and Natural Gas Corp. has just announced plans to invest over the next 10 years, 20 billion U.S. dollars for overseas acquisitions. Access to overseas energy resources in India's efforts in this Indian state-owned listed companies to play a pioneering role. The company is still in Nigeria in January this year signed a 359 million U.S. dollars of investment contracts, coveted Angola, Sudan and Uganda, the underground resources.
Burma has also been regarded as the reconstruction of India's energy map of Asia, an important cooperative partner, India-Myanmar cooperation in oil and gas resources in the development of bilateral relations has always been an important topic. Earlier this month, India announced a partnership with the Government of Myanmar has signed a cooperation agreement, will invest 1.35 billion U.S. dollars developing oil and gas resources in Myanmar. Myanmar has a very rich oil and gas reserves, including the three major offshore oil and gas fields and 19 onshore oil and gas fields, including natural gas proved reserves, the highest in the world 10.
"India will continue to be a major importer of natural gas, in addition to liquefied natural gas and other cross-border pipeline, India is trying to find through the submarine pipeline to import natural gas technology." ONGC chairman, said Tripathi.
In the crisis raging in 2009, India's economic growth rate of more than 7%, the outside world in 2010 is expected to grow 8.5% in 2013 will reach double-digit growth rate.
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