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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
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

INDIA - JAPAN COOPERATION
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

INDIA - JAPAN COOPERATION
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

INDIA - JAPAN COOPERATION
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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