India interested in building LNG plant in Iran

India interested in building LNG plant in Iran

India’s minister of state for petroleum and natural gas, Dharmendra Pradhan voiced the interest from Indian companies to invest in LNG projects in Iran during his recent meeting with Bijan Namdar Zanganeh, Iran’s minister of petroleum in Tehran. 

According to the ministry statement, Pradhan said Indian companies could invest up to US$20 billion in various projects in Iran either through joint ventures between Indian and Iranian public sector companies or with private sector partners.

Pradhan requested Iran to allocate appropriate and adequate land in the Chabhar special economic zone in the seaport of Chah Bahar in southeastern Iran, where India is interested in setting up an LNG plant.

Additionally, Pradhan sought favourable treatment in the pricing of gas for India and also supply of rich gas at competitive price and on long-term basis for the life of the joint venture projects that Indian companies are interested in setting up.

Both parties agreed to further examine possible means of exporting gas from Iran, especially the LNG projects and through the proposed Iran-Pakistan-India pipeline.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >