India Seeks Qatar Investment, Gas Deal to Revive Power Plants
India is ready to sign long-term gas purchase deals with Qatar provided that Doha agrees to acquire stakes in power plants which have been hit by gas shortages, oil minister Dharmendra Pradhan said on Tuesday.
Representative Image. (Image: Reuters)
New Delhi: India is ready to sign long-term gas purchase deals with Qatar provided that Doha agrees to acquire stakes in power plants which have been hit by gas shortages, oil minister Dharmendra Pradhan said on Tuesday.
Pradhan told Reuters India was open to granting stakes to Qatar in local oil and gas companies and liquefied natural gas (LNG) terminals, should the Gulf emirate make such a proposal.
Qatar's RasGas is the biggest LNG supplier to India, where a lack of gas supplies has forced many plants to cease operations or function below capacity.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.
|Power Grid Corp||211.15||2.92|
Recommended For You
- Mission Mangal vs Batla House Box Office: Akshay Kumar Maintains Lead on Day 3
- Sanjay Kapoor Trolls Malaika Arora on New 'Saturday Blues' Instagram Post
- Ashes 2019: Steve Smith Returns to Bat After Nasty Blow to the Neck
- Airtel Forgot About The Home Bundle And Reliance Jio Fiber Has Stolen The March
- Instagram Users Can Report False Content And Expect Fact Checkers to Verify it