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2017-01-13 18:55:00

INDIA - JAPAN COOPERATION

INDIA - JAPAN COOPERATION

NGWIndia and Japan should co-operate on long term contracts for LNG with a defined cost of energy which would provide a stabilizing factor for the renewable energy thrust that India is currently giving, Indian minister for power, coal, new & renewable energy and mines, Piyush Goyal said January 11 on the side-lines of the seventh India-Japan Energy Forum in New Delhi.

The minister said that India's power demand is going to expand four-fold in the next 15 years to become one of the largest energy markets globally and it would open immense business opportunities for Japan.

Being a major LNG importer, India has been advocating for some time that Asian LNG buyers should come together so that they get a better deal in the global market. Large Asian LNG buyers, including India, could benefit by joining hands and thereby, possibly, bring in more equitable trade deals, Indian oil minister Dharmendra Pradhan said during the fifth IEF – IGU Ministerial Gas Forum that was held in New Delhi December 6 on the sidelines of Petrotech 2016.

In 2014, Gail India and Japanese trading house Sumitomo Corporation agreed to work together in the fields of gas procurement and petrochemicals.

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Earlier:

INDIA: 

INDIA'S LNG IMPORTS UP 18% 

INDIA - NIGERIA: MORE OIL 

THE GREATEST INDIA'S MARKET 

INDIA'S GAS INVESTMENT: $20 BLN 

INDIA'S LNG IMPORTS UP 33%

 

JAPAN: 

JAPAN NEEDS MORE OIL 

THE LARGEST LNG IMPORTERS 

ASIAN LNG IMPORTS UP 

VIETNAM & JAPAN LNG 

IRANIAN OIL TO JAPAN: UP 61.2%

 

LNG: 

IMPORTANT LNG MARKET 

INVERTED LNG MARKET 

LNG: BIG AUSTRALIA 

THE BIGGEST ASIA'S LNG TERMINAL 

GLOBAL LNG UP 2.5%

 

 

Tags: INDIA, JAPAN, OIL, GAS, LNG,

Chronicle:

INDIA - JAPAN COOPERATION
November, 22, 11:05:00

NIGERIA & CHEVRON PROJECT &1.7 BLN

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.

INDIA - JAPAN COOPERATION
November, 22, 11:00:00

MAERSK-AKER-HALLIBURTON ALLIANCE

OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.

INDIA - JAPAN COOPERATION
November, 20, 09:35:00

OIL PRICE: ABOVE $62 YET

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $62.56 per barrel at 0439 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.59 a barrel, up 4 cents, or 0.1 percent, from their last settlement.

INDIA - JAPAN COOPERATION
November, 20, 09:30:00

ROSNEFT'S WORLD RECORD: 15000 M

Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.

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