New Delhi: India will pitch for a 20 per cent stake in the Sakhalin-3 oil and gas fields and importing liquefied natural gas from Russia when its Energy Minister, Sergei Shmatko, visits New Delhi on Tuesday.
On the insistence of the Petroleum Minister, Murli Deora, the Russian Prime Minister, Vladimir Putin, is sending Shmatko to attend the conference of energy ministers of the Commonwealth of Independent States that New Delhi is hosting on November 25-26. Deora, who first raised the issues when he met Putin in Moscow on November 5, is likely to discuss threadbare the modalities of ONGC Videsh Ltd replicating its 20 per cent stake in Exxon Mobil-operated Sakhalin-1 oil and gas fields in the upcoming Sakhalin-3 project, official sources said. During the meeting with Putin, Deora had showed interest in acquiring stake in some oilfields in East Siberia and north Russia. Now Deora would also make a case for OVL joining hands with Russian firm Rosneft for exploring and developing the Vankor oilfield in East Siberia. Joint bidding for Trebs and Titov oilfields in the Timan Pechora region of North Russia is also likely to be discussed. Besides, importing 2 million tonnes of LNG a year from Russia's Sakhalin LNG project is also likely to figure during the discussions. Petronet LNG Ltd, the nation's largest liquefied natural gas importer, is doubling its Dahej terminal capacity to 10 million tonnes by next year and is keen on imports from Russia, which could be doubled to 4 million tonnes a year later. Sources said Deora is likely to seek Russian investments in new refineries and petrochemical projects in India. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
