India Tuesday offered to invest in Turkmenistan's natural gas producing fields and set up a petrochemical plant in the Central Asian country as it seeks to secure its own energy supplies.
India
Tuesday offered to invest in
Turkmenistan
's
natural gas producing fields and set up a petrochemical plant in the Central
Asian country as it seeks to secure its own energy supplies.
"We have offered to invest in (
Turkmenistan
's)
natural gas producing fields," Oil Secretary S. Sundareshan told reporters
after meeting
Turkmenistan
President Gurbanguly Berdimuhamedov, who is on a three-day visit to the South
Asian nation.
Sundareshan was part of an Indian delegation that was led by India Oil Minister
Murli Deora and included executives of state-run oil and gas companies.
India
wants
to acquire oil and gas assets overseas to meet its own growing energy demands. In
March, the world's second-fastest growing major economy agreed to source 4
million tons additional gas from
Qatar
.
At the meeting with
Turkmenistan
officials, Deora said he had offered to set up a petrochemical plant in
Turkmenistan
if
India
was
guaranteed gas supplies for the project.
Deora said also that he had discussed the proposed
Turkmenistan-Afghanistan-Pakistan-India, or TAPI, pipeline with the dignitaries
from
Turkmenistan
, but
he didn't elaborate on the outcome of the discussions.
India
has
been planning to import natural gas from
Turkmenistan
through the TAPI pipeline, which aims to link the two nations through
Afghanistan
and
Pakistan
.
In March, Deora had told lawmakers in the upper house of Parliament that
various important issues concerning the pipeline were being discussed by the
participating countries.
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