India of Norway Equinor ASA is in talks with for a stake in the country’s strategic petroleum reserves, as well as long-term liquefied natural gas deals from the company’s US and Qatar portfolio, Mint newspaper reported.
According to the newspaper, getting a commitment from Equinor would be the second such deal for India, before Abu Dhabi National Oil Company A similar contract was signed with , citing people familiar with the discussions.
India, the world’s third-largest energy consumer, is also asking Equinor to participate in its exploration and production programme, Mint quoted an unnamed Indian official as saying.
Bloomberg News State-run Indian Oil Corporation is in talks with about a dozen liquefied natural gas suppliers for long-term supply contracts, the US company reported earlier this month.
Equinor The LNG deal with Equinor will help India strengthen gas imports in the future. IOL had signed a long-term contract with France’s Total Energies for supply of 1 million metric tonnes of LNG per year for about 10 years. The country is also exploring the possibility of a similar deal with ADNOC, the paper said. Queries sent by Mint to India’s energy ministry and Equinor remained unanswered.
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2024-06-16 22:02:44