• 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Energy Sector - 2
With the ever increasing cost of imported crude oil, the time has come for India to tap all sources of energy to meet its growing need.Keeping this in view India is now interacting with China for cooperation in the field of energy. Technically it is possible to draw power from China, provided it is willing to sell electricity to India.Let us hope something moves in this direction, and that also fast enough.
In California, govt provides tax rebate on solar panels, subsidized energy saver appliances and rebate to replace old appliances to energy saver appliances.
House solar panels are producing excess energy which is sent back to common poll and California state buy excess electricity.
Initially governments kept a budget of 2% to payback people who are producing excess electricity through solar panel. Within two year, California houses are producing more than allocated budget limit of buy back excess energy. This year California state is going to raise buy back electricity limit to 4%.
In California there is a trend to built energy saver houses where roof s are actually solar panels. Recently, Microsoft office had made changes in Silicon Valley office, they had installed solar panels on roof and now producing 40% of office need.
My house, half roof is covered with solar panels. Every bulb and appliances are energy saver. After replacing to energy saver, my electricity bill is now 65% less.

In India, there is excess of Sun and if govt start providing subsidy or incentive, it can change energy dependence from external resources.
In place of depending on China or Middle East, India should explore existing resources and educate people.
In India several incentives are being given to the people so that more solar power use takes place.Even some of the State Governments are subsidising the installation costs.
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->In India several incentives are being given to the people so that more solar power use takes place.Even some of the State Governments are subsidising the installation costs.<!--QuoteEnd--><!--QuoteEEnd-->
In India, it seems program is not lucrative enough or Govt is not using resources enough to educate people.
When Govt start any program, they had responsibility to educate people. They should clearly tell them advantage and how to use service.

In US state govt. put ads on TV and local county send information to residence. They educate people and use media to inform public about program regularly.
In our area, power energy representative visit houses and educate people what they can do. In my house they provided first free energy saver bulbs.
In my town every street light gets energy from solar panel.
This current oil price will definitely will speed up new energy inventions/options in US and will give shock to oil mafia of Middle East.

In India, lot one can see on paper and govt take no initiative how these programs will be implemented, sometimes they do some work just for a photo op and rest goes into drain.

Every house in India can produce more than half of energy.
Ravish Check this link
These types of initiatives are required in India.

<b> Iran won't sell cheap gas to India, Pakistan</b>

TEHRAN: Iran will not sell its gas at knockdown rates to India and Pakistan, a senior oil official said on Wednesday amid a pricing dispute in talks over a planned pipeline.

"The price suggested by India and Pakistan is almost half of the price we offered," deputy oil minister Mohammad-Hadi Nejad-Hosseinian said on state radio.

"If the two governments intend to subsidies their domestic gas, there is no reason for Iran to pay this subsidy," he added.

The Iran-Pakistan-India gas project envisages a pipeline of about 2,600 kilometres (1,600 miles) that would help meet South Asia's growing energy needs.

Quoted by the local news agency, Iranian oil ministry's Nejad-Hosseinian said Iran was not desperate to sell its gas to India and Pakistan.

"The tripartite Peace Pipeline agreement is not an absolute obligation," he said.

He also warned India and Pakistan that if the nuclear issue is resolved, other countries "will be the first customers of our gas and will pay even better prices."

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Iran rejects Indian price for pipeline gas </b>
Pioneer News Service | New Delhi
Iran-Pakistan-India pipeline gas project received a major jolt when Iran rejected India's demand for a price equivalent to international long-term gas supply contracts for the Iran-Pakistan-India pipeline gas saying New Delhi should forget about buying Iranian gas at a low price.

Iran is currently seeking at least $7.2 per mbtu price for gas it wants to sell to India and Pakistan through the over $7 billion pipeline while <b>New Delhi is willing to pay no more than $4.2 per mbtu for gas delivered at its border</b>.

Iranian Oil Minister Kazem Vaziri-Hamaneh, ahead of the meeting of Oil Secretaries of the three countries here on August 3-4, termed the Indian offer as based on "subsidised domestic prices" and said Tehran will not sell its gas at the proposed price. "If the Indian side is not ready to buy our gas at its real price, we have no obligation to sell it at the price lower than the real one," he was quoted as saying by the Iranian Oil Ministry's news agency PIN.

He said India and Pakistan should forget about buying Iran's gas at a low price. The third meeting of the tripartite working group on the IPI gas pipeline project would be held here on August 3-4.

Iran had forwarded a gas pricing formula wherein the gas price is linked to Brent crude oil with a fixed escalating cost component (10 per cent of Brent crude oil). <b>Tehran is seeking a price of $7.2 per mbtu, with a three per cent annual escalation</b>.

"This price is more than 50 per cent the prevailing market determined gas price in India," a source said. India wants to import 90 million standard cubic meters of gas per day from Iran through the 2100-km long pipeline while Pakistan has indicated a requirement of upto 60 mmscmd. Besides the Brent linkage, the Iranian formula does not prescribe a floor and ceiling for the gas price, the source said, adding, New Delhi was opposed to both linkage with Brent crude oil and absence of floor and ceiling.<!--QuoteEnd--><!--QuoteEEnd-->

[center]<b><span style='font-size:14pt;line-height:100%'>FANTASTIC NEWS FOR INDIAN BHAI & BEHEN LOOGS</span></b>[/center] <!--emo&:clapping--><img src='style_emoticons/<#EMO_DIR#>/clap.gif' border='0' style='vertical-align:middle' alt='clap.gif' /><!--endemo-->

<b>Iran-Pakistan-India pipeline plan shelved</b> <!--emo&:ind--><img src='style_emoticons/<#EMO_DIR#>/india.gif' border='0' style='vertical-align:middle' alt='india.gif' /><!--endemo-->

The official reason for the failure of the ambitious project to build the 2,600 km pipeline was the lack of an accord on the price of gas.

However, analysts say the project, first launched in 1994, has been momentarily abandoned because of the ongoing international crisis over Iran's nuclear programme.

Mottaki, who was scheduled to travel to India to announce the start of construction work on the pipeline, cancelled a few days ago without giving any explanation.

The project was supposed to end the clash between the two nuclear powers in the region, India and Pakistan, and was instead reportedly shelved because of an international crisis over Iran's atomic ambitions.

The government of Mahmoud Ahmadinejad was upset with India's decision to vote within the board of governors of the UN atomic watchdog International Atomic Energy Agency (IAEA) in favour of a motion asking Iran to halt uranium enrichment work which the international community fears is aimed at building nuclear weapons.

Ahmadinejad had previously announced that Iran's economic relations would be influenced by political relations.

India's energy needs will double by 2020 and the country was counting on the gas pipeline project which appeared to be a done deal after Pakistan's approval.

However, energy experts in Tehran claim US pressure on India contributed to halt the project.

Analyst Nersi Ghorban said he was convinced that "the American promise to ease energy accords between New Delhi and some countries in Central Asia and the participation of US companies in the construction of a gas pipeline connecting the former Soviet republics of Caucasus to India through Afghanistan" was key in the failure of negotiations between the Islamic Republic and India on the price of gas.

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->
regular emails may have made some difference.
Aiyar is not around. Good for everyone. <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->

<!--QuoteBegin-Mudy+Jul 28 2006, 01:19 AM-->QUOTE(Mudy @ Jul 28 2006, 01:19 AM)<!--QuoteEBegin-->Nareshji,
regular emails may have made some difference.
Aiyar is not around. Good for everyone. <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->

<b>Mudy Ji :</b>

In my humble opinion Iran does not have the capacity to export LNG to India as it is already tied up in the 10 to 20 Million Tonnes of LNG Annually to China.

The Iranian Chinese Contract should require Three to Four LNG Trains (Liquefaction Plants) and I dare say without the USA easing sanctions on Iran the Iranians might find it difficult to even service the Chinese Contract.

In addition MSA being removed from the Petroleum and Natural Gas Ministry has allowed the Indian Government to take cognisance of the Defence and Economic Ministries' Strategic Views.

Let us thank God for small mercies.

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->

<b>India-Myanmar gas pipeline to bypass Bangladesh</b>
Wed Aug 2, 2006 3:46 PM IST

<b>The Global Battle for Natural Resources</b>

<i>By Erich Follath </i>

The global economy is booming, and experts predict it will stay healthy. But competition for natural resources will change the balance of power among the world's nations as a new age of conflicts over energy begins. In a new online series, SPIEGEL documents the global competition for dwindling supplies of natural resources.

<i>Translated from the German by Christopher Sultan</i>

URL: http://service.spiegel.de/cache/internatio...,408932,00.html

[center]<b><span style='font-size:14pt;line-height:100%'>Doubts about China using Gwadar for energy import</span></b> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo--> [/center]

<b><i>* Former foreign secretary Riaz Khokhar says govt needs to analyse Chinese plan for energy import through Gwadar Port, as Beijing is negotiating five oil and gas pipelines with CARs</i> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo-->

ISLAMABAD : Former foreign secretary Riaz Khokhar has said the government needs to analyze the Chinese plan for energy import in future <span style='font-size:14pt;line-height:100%'>as Beijing is negotiating around five oil and gas pipelines with Central Asian Republics.</span></b> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo-->

There must be a careful study to examine whether China would require Gwadar Port facilities for future oil and gas import, he added.

He said this while taking part in a discussion on a research paper presented by Gulfaraz Ahmed, Executive Director of the International Institute for Peace and Conflict Resolution (IIPCR), an institute of National University of Science and Technology (NUST). The roundtable discussion, was jointly organized the IIPCR and the Pakistan Engineering Council (PEC), on Monday.

In his paper, Mr Gulfaraz said Gwadar Port is one of the suitable options for east-bound oil trade for South Asian, Southeast Asian and Asia Pacific markets as it would be impracticable from 2020 onwards to ship increasing quantity of oil through the present route of the Strait of Hormuz.

Besides Gwardar Port, the new Iranian deep-sea port at Chabahar and some ports on the coast of Oman are other likely choices for oil trade as the present choke point of oil trade at Hormuz is becoming congested and it could affect global energy security as well as regional peace.

He said around 60 million barrels per day oil is imported, which represents the scale of global oil trade. At present oil is available and maritime routes are able to handle the required shipping flows. The availability of oil is, however, shrinking due to declining reserves and a number of oil-surplus countries such as China, Malaysia and Indonesia. They would become net importers of oil in coming years. Around 57 percent of global oil reserves are concentrated primarily in a few countries of the Gulf, which are likely to outlast many other sources of the world oil supply. It is generally visualized that the global reliance on the oil reserves of the Gulf countries will continue to increase in the foreseeable future.

<b>The Oman option would be suitable for south-bound oil meant for European and US markets. <span style='font-size:14pt;line-height:100%'>The Iranian Chabahar Port is suitably located for south and east bound oil movement, he said.</span></b>

The Gulf countries are expected to export around 22 million barrels of oil daily in 2006. Nearly 90 percent of the exports, 20 million barrels daily, would be transported through the narrow Strait of Hormuz, which constitutes a big choke point for the global oil trade. The oil trade from the same sources, in a little over a decade, could be around 34 million barrels per day. The projected increase of 14 million barrels of daily oil flows in just about 13 years through the already congested choke point could affect the smooth flow of oil affecting the reliability of oil supplies and increasing the freight and shipping costs.

By 2020, the world demand for oil is estimated to cross 110 million barrels daily. The export of Gulf oil is expected to rise to about 34 million barrels, of which around 32 million barrels would have to pass through the Strait of Hormuz on daily basis.

This is close to twice the quantity of oil passing through the Strait of Hormuz at present. The increase in the eastbound oil in 2020 is expected to go up to 10 million barrels daily, of which the export to China alone is likely to go up by over five million barrels daily, Mr Gulfaraz said in his paper.

The Gwadar Port can handle very large crude containers of up to 0.5 million tons dead weight, which form crucial part of the international oil movement. For every one million barrels daily outlet capacity at Gwardar, Pakistan could possibly net over a third of a billion dollars a year in revenues besides other indirect economic benefits, including employment opportunities. This will generate substantial resources to boost Pakistan's efforts to develop the vast and backward province of Balochistan, according to the paper.

Some of the participants, who are retired officials from the civilian and military bureaucracy, however, expressed doubts over the thesis made in the paper. Since other choices are available through Iran and Oman ports, the Pakistan government must be required to declare Gwadar Port an open port with open policy. There must be speedy cargo handling in place at the new port. There must be an environment, which is entirely improved from the outdated facilities being provided at Karachi Port.

Some of the participants, including Lt-General Talat Masood (retd), said much importance should be given to the commercial importance of Gwadar. If we continue to stress on strategic position of Gwadar, then the proposed port will lose its commercial and economic benefits. There must not be a surrender of strategic place to anyone, he said without much explaining.

The roundtable conference was attended by Deputy Chairman of the Planning Commission Engineer Dr Akram Sheikh, Adviser to the Prime Minister on Energy Mukhtar Ahmad and other senior serving and retired government officials. fida hussain

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->

[center]<b><span style='font-size:14pt;line-height:100%'>Paki Pipe Line Dreams remain Pipe Dreams!</span></b>[/center]

<b>Doubts over Turkmen pipeline</b>

ASHGABAT, Sept 5: Turkmen President Saparmurat Niyazov said Tuesday he saw no immediate prospect for a gas pipeline to the West and <b>cast doubt on another pipeline project across Afghanistan, saying that Russia and China were priority partners.

“Don’t ever think that Turkmenistan wants to put a squeeze on Russia and go in a different direction with its gas. We have a strategic agreement,” Niyazov said after talks with the chief executive of Russian gas giant Gazprom, Alexei Miller.

“We will first of all ensure the Russian route,” he said.</b>

Regarding plans nurtured by the United States to build a pipeline across the Caspian Sea to Western markets, Niyazov was downbeat, saying that territorial disputes over the Caspian would have to be resolved first.

<b>Niyazov also appeared pessimistic about plans for a pipeline from his natural gas-rich country across Afghanistan to Pakistan and India, a project also backed by Washington.

“We are in talks on the trans-Afghan pipeline. Its volume would be 30 billion cubic metres (annually) but the price hasn’t been established and importantly a consortium hasn’t been created,” he said.—AFP</b>

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->

[center]<b><span style='font-size:14pt;line-height:100%'>A funny shade of green</span></b>[/center]

<b>Russia is threatening to hold up big foreign energy investments on environmental grounds. Many suspect that this is a ploy to wrest fresh concessions from Western oil companies</b>

<img src='http://www.economist.com/images/ga/2006w38/Shell.jpg' border='0' alt='user posted image' />

IT IS rare that Russia’s government receives wholehearted endorsement from the world’s leading environmental groups. But that unlikely turn of events followed the decision on Monday September 18th by Russia's ministry of natural resources to revoke environmental permits awarded to Sakhalin II, a huge oil and gas project led by Shell. The withdrawal of the licences, which could force the suspension of the $20 billion project, was met with delight by environmentalists who fear for the wildlife in a remote corner of Russia. Investors were far less happy. More worrying were reports the next day that TKN-BP, an Anglo-Russia joint venture, may run into similar problems with its exploration in a vast Siberian gas field. Western governments, sceptical of Russia’s new-found tree-hugging credentials, protested loudly.

Undoubtedly, Sakhalin II, Russia’s biggest single chunk of foreign-direct investment, has provoked environmental concerns. An offshore pipeline had to be rerouted to avoid harming endangered whales. Onshore pipes cross more than 1,000 rivers and streams on Sakhalin Island. Most observers ascribe the Russian government’s motives to matters closer to its heart than a deep concern for preserving nature.

Russia’s wish to keep tight control of its oil and gas resources has led it to use some dubious methods. Last year it effectively shut out most new foreign investment in Russian energy. The ugly dismemberment of Yukos showed that Russia had few qualms about how it maintained its grip on energy reserves. Russia keeps a close guard on an industry that provides most of its cash and which it can wield as a hefty weapon of foreign policy in a fuel-hungry world.

A likely explanation for the withdrawal of the licences is to put pressure on Shell to renegotiate a “production-sharing agreement”, whereby the state takes a share of the profits after the costs of Sakhalin II have been recouped. Shell's huge cost overruns have annoyed the Russian government. Moreover the terms of the deal were struck in 1993 when oil prices were low and Russia's weaker bargaining position forced it to accept what it now regards as humiliating terms.

Now Shell may be forced to bring in Gazprom, Russia’s state-owned gas giant, on more favourable terms. A long-standing agreement to swap 25% of Sakhalin II for a half share of one of Gazprom’s gas fields faltered as Shell’s costs escalated. The current status of negotiations is unclear but the licences will provide a useful bargaining chip. The two big Sakhalin projects (Exxon is involved in the other one) are the only exceptions to Gazprom’s gas-export monopoly. The state-controlled giant is keen to plug that gap.

Russia’s latest apparent attempt to ratchet up control of its energy assets has provoked diplomatic ire. Japan hopes to import more than half of the gas from Sakhalin II when production comes on stream in 2008. Indeed, two big Japanese firms own 45% of the project. Its government suggested that diplomatic relations would suffer because of the dispute. The European Commission and Britain’s government also expressed concern.

Yet Russia need not worry overly about foreign oil firms. The world needs Russian oil and gas. And big oil firms are desperate to invest in the large projects that will allow them access to untapped reserves. The prospect of retrospective wrangling may be grave, but there are similar—if not greater—risks to face in energy-rich trouble-spots elsewhere around the world. A bigger risk to Russia is the effect this may have on the foreign investment it so badly needs in other areas. Speculators may interpret these events as yet another example of unwarranted state interference that may yet spread beyond the energy business. And environmentalists may find their admiration for this champion is short-lived too.

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->
<b>Wild jatropha stirs hope of biodiesel bounty in India</b>
<!--emo&:clapping--><img src='style_emoticons/<#EMO_DIR#>/clap.gif' border='0' style='vertical-align:middle' alt='clap.gif' /><!--endemo--> अब ६० हजार की कार
[Wednesday, November 01, 2006 05:19:09 pm ]

टाटा ने लाख टके की कार बनाने का ऐलान कर जाने कितने लोगों के कार स्वामी बनने के अरमान जगा दिए हैं, लेकिन टाटा को भी चुनौती देने वाले खिलाड़ी मैदान में आ गए हैं। राजस्थान के दो भाइयों ने पांच पहिए वाली बिना गियर की ऐसी कार बनाई है जिसकी कीमत महज ६० हजार रुपए होगी और यह एक लिटर पेट्रोल में ५० किलोमीटर दूरी तय करेगी। ईंधन खपत के हिसाब से यह हीरो होंडा के मुंजाल्स को भी चिंतित कर सकती है।

यह करिश्मा किया है २० वर्षीय हरिमोहन सैनी और उसके २६ वर्षीय भाई मनोज सैनी ने। उन्होंने अपनी कार बनाने में कबाड़ में उपलब्ध चीजों का इस्तेमाल किया है। हरिमोहन ने कहा: जब मैं बारहवीं क्लास में पढ़ रहा था, तब मैंने कम ईंधन खपत वाली सस्ती कार बनाने की टेक्नोलॉजी आजमाई। इसी क्रम में हमने पांच पहियों वाली कार बनाने की सोची।
Minimal Translation:
20 yrs old boy with the help of 26 yrs old brother has manufactured 5 wheeler car which will cost Rs.60k and give the mileage of 50km/l. <!--emo&:cool--><img src='style_emoticons/<#EMO_DIR#>/specool.gif' border='0' style='vertical-align:middle' alt='specool.gif' /><!--endemo-->

<b>Capt. Manmohan Kumar Ji :</b>

Re your post of Today, 01:44 AM.

Is this what you wanted to post? :

[center]<b><span style='font-size:21pt;line-height:100%'>Reliance KG capex soars to $5billion</span></b><!--emo&:clapping--><img src='style_emoticons/<#EMO_DIR#>/clap.gif' border='0' style='vertical-align:middle' alt='clap.gif' /><!--endemo-->[/center]

NEW DELHI: Reliance Industries Ltd (RIL) will boost the capital expenditure projections for its Krishna Godavari (KG) discovery. The company plans to double its investment in the D6 block, off the coast of Kakinada in Andhra Pradesh, to $5.2 billion from about $2.6 billion projected two years ago.

The project is expected to be operational by 2008-09. The RIL board will review the project and its financing plan on November 9, 2006. It will examine various funding options, said a company statement.

RIL had submitted its plans to the Directorate General of Hydrocarbons (DGH) for approval last week. VK Sibal, director general, hydrocarbons, said: “We are studying the new development plan. May be within the next 20-21 days we will be in a position to draw conclusions.”

RIL has almost doubled its reserve projections to 11.3 trillion cubic feet from 5.32 tcf estimated in the initial plan that was submitted in May 2004 and approved in November 2004.

The company had announced the gas discovery in this block in 2002. The government had jointly awarded the deepwater block, KG-DWN-98/3, to RIL and Calgary-based Niko Resources Ltd during the first round of auction of oil and gas blocks under the New Exploration and Licensing Policy (NELP).

“RIL has also obtained independent assessment of 2P (probable and proven) reserves for the Dhirubhai-1 and Dhirubhai-3 gas discoveries at 11.3 tcf which is almost double of the earlier estimates,” the statement said.

Based on the estimation, RIL, in its new field development plan, has projected that the plateau (when gas production will be the highest) period will last for nine years starting 2008-09 during which it hopes to produce 80 million standard cubic metre a day (mmscmd) of natural gas instead of 40 mmscmd projected in the earlier plan, sources said.

The production rate of 80 mmscmd is equivalent to 450,000 barrels of oil equivalent a day — that is about 25% of the current oil import in the country, the company said.

The company plans to put up facilities for handling 120 mmscmd at the terminal point at Kakinada. In the new plan, the company also plans to drill a total of 50 development wells till 2008-09 compared with 34 development wells projected earlier.

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->

[center]<b><span style='font-size:14pt;line-height:100%'>Iran to offer new price for LNG deal revival</span></b>[/center]

NEW DELHI: India and Iran on Thursday reviewed the status of the Iran-Pakistan-India (IPI) gas pipeline project and the LNG deal. Iranian foreign minister Manouchehr Mottaki, who arrived here on Thursday, called on prime minister Manmohan Singh and discussed the proposed gas pipeline as well as Iran’s nuclear programme.

Mr Mottaki’s visit to India comes at a time when the five permanent members of the UN Security Council are trying to break a deadlock on imposing sanctions on Iran for continuing with its uranium enrichment programme. <b>New Delhi today reiterated its stand of supporting Teheran’s right to pursue a peaceful nuclear programme as long as it fulfilled its international obligations under the IAEA.</b>

Mr Mottaki is also scheduled to meet minister of petroleum and natural gas Murli Deora for further discussions on the IPI project and the pricing in the LNG deal. <b>Mr Mottaki, according to an agency report, said that Iran was ready to offer a new price for reviving the LNG deal. Tehran’s earlier demand of $5.10 per MBTU for the supply of 5m tonnes of liquefied natural gas was rejected by India.</b>

Mr Mottaki met external affairs minister Pranab Mukherjee and held “detailed discussions” on a range of bilateral issues including the pipeline project. The discussions continued over a dinner hosted by Mr Mukherjee. “It was felt that the economic potential of the relationship needed to be actualised to the maximum. In this context, the possibilities of closer co-operation in the field of energy, including the status of the IPI pipeline were reviewed,” said ministry of external affairs spokesperson Navtej Sarna.

The external affairs minister told his Iranian counterpart that Indian companies were interested in investing in Iran and asked for the early conclusion of a bilateral investment promotion and protection agreement as well as an agreement for avoidance of double taxation to “provide the necessary juridical basis for promoting” investment.

Mr Mottaki also extended an invitation to the prime minister to visit Iran, the spokesperson said. Iran-India ties have been under strain recently, with India voting against Iran’s nuclear programme at the International Atomic Energy Agency (IAEA). Soon afterwards Iran hiked the price of the gas for the proposed pipeline leading to conjectures that it was in retaliation for the IAEA vote.

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Essar Oil commences production at its 10.5 million tonne refinery</b>
Press Release : November 24, 2006
Essar Oil Limited announced today the successful start up of operations at its petroleum refinery at Vadinar in Gujarat, India.

The plant will start its trial production with a capacity of 7.5 million tonnes per annum of crude which will gradually go up to 10.5 million tonnes per annum. This current phase of commissioning comes four months ahead of the originally scheduled date of commissioning, i.e. March 31, 2007. Essar Oil expects to attain production at full capacity in the next two quarters. <!--QuoteEnd--><!--QuoteEEnd-->

Forum Jump:

Users browsing this thread: 1 Guest(s)