India offers to share oil&gas pipeline experience with ASEAN

Tags: Asean, India, News
Keen to expand its energy trade with ASEAN, India today offered its capabilities and experience in laying oil and gas pipelines and power transmission networks to the grouping of South East Asian nations.

Minister of State for Petroleum and Natural Gas R P N Singh speaking at the 30th ASEAN Energy Ministers meeting in Cambodia underlined the need for energy security, energy conservation and closer integration of energy markets.

He emphasised on the close economic co-operation among the East Asian Countries as these together represent more than 50 percent of world's energy consumption, an official press statement issued here said.

Showcasing investment opportunities that exist in Indian petroleum sector, he said foreign companies can investment in exploration, refining as well as upcoming petrochemical complexes at Dahej in Gujarat and Mangalore in Karnataka and LNG import terminals at Kochi in Kerala and Ennore in Tamil Nadu.

"He also offered to share India's capabilities and experience in laying oil and gas pipelines and power transmission lines to ASEAN countries," the statement said.

Singh highlighted India's achievement in reducing vehicular pollution with introduction of Euro-III and Euro-IV fuels and increasing use of natural gas in the automobile sector.

On the sidelines of the meeting, he also held bilateral meetings with the Energy Ministers of Malaysia, Brunei, Myanmar and Indonesia, in which the issues relating to enhancement of supply of crude and natural gas to India were discussed.

The thrust of the meeting was on integrating ASEAN energy markets with its developmental partners through establishment of energy grids by laying high power transmission and gas pipelines.

EDITORIAL OF THE DAY

  • Strict disclosure norms on unspent client funds will only help the market grow

    The Securities and Exchange Board of India’s (Sebi’s) reported move to make it difficult for stockbrokers to misuse client funds should be a much-

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Kuruvilla Pandikattu

Black and white of morality

Would you kill one innocent person to save five? Choose ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture