Policy & Regulation

India’s system overhaul

India’s Junior Oil Minister RPN Singh spoke to Interfax about the various measures the government is taking to address the widening supply-demand gap in the country’s gas sector India’s Junior Oil Minister RPN Singh spoke to Interfax about the various measures the government is taking to address the widening supply-demand gap in the country’s gas sector.
By Siddharth Srivastava 27 July 2012 0 11115

India’s Junior Oil Minister RPN Singh spoke to Interfax about the various measures the government is taking to address the widening supply-demand gap in the country’s gas sector.

Interfax: Making overseas acquisitions appears to be a priority for most of India’s largest state-run and private oil and gas companies. Do you see it as an important strategy for the future?

RPN Singh: There is immense potential for India to sign long-term LNG supply contracts from producing East Asian nations. These include Malaysia, Indonesia, Brunei, Myanmar and Vietnam....