India Offers To Invest In Gas Fields In Turkmenistan

India Offers To Invest In Gas Fields In Turkmenistan
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Τρι, 25 Μαΐου 2010 - 18:48
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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