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2014-08-07 18:00:00

INDIA & PAKISTAN: GAS TRADE

INDIA & PAKISTAN: GAS TRADE

Exports of natural gas from India to Pakistan are under negotiation, according to the Indian minister of state in the Ministry of Petroleum and Natural Gas.

The official, Dharmendra Pradhan, told the upper house of the Indian parliament that officials of state-owned GAIL (India) Ltd. and Inter State Gas Systems of Pakistan have begun discussing the supply of 5 MMscfd of natural gas for 5 years.

GAIL, which imports LNG at four terminals on India's west coast and operates the country's gas-transmission system, would lay a 110-km pipeline between Jalandhar and Amristar to transport the gas.

India and Pakistan have been discussing a normalization of trade relations.

ogj.com

Tags: INDIA, PAKISTAN, GAS, PIPELINE, GAIL, LNG

Chronicle:

INDIA & PAKISTAN: GAS TRADE
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U.S. LNG RISK

There are more than a dozen LNG export projects currently being proposed to US regulators, though across the industry almost no final investment decisions have been announced over the last 18 months and some developers have delayed their decisions into 2018 or beyond. Few firm supply purchase agreements have been announced for the projects that have yet to commit to moving forward.

INDIA & PAKISTAN: GAS TRADE
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CANADA'S OIL PRICE: $50 - $53

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INDIA & PAKISTAN: GAS TRADE
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EGYPT SOLAR INVESTMENT

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INDIA & PAKISTAN: GAS TRADE
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OIL PRICE: ABOVE $57 AGAIN

International Brent crude futures LCOc1 were at $57.75 per barrel at 0733 GMT, up 58 cents from the previous close, after trading as high as $58.13. U.S. WTI crude was at $51.95 per barrel, up 50 cents. Earlier in the day, it traded as high as $52.22.

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