(a) whether there is a proposal for importing Liquid Natural Gas from Iran; and
(b) if so, the details thereof?
(a) whether there is a proposal for importing Liquid Natural Gas from Iran; and
(b) if so, the details thereof?
MINISTER OF PETROLEUM & NATURAL GAS & PANCHAYATI RAJ (SHRI MANI SHANKAR AIYAR)
(a)&(b) Yes, Sir. A Memorandum of Understanding (MoU) was signed in January, 2003 between India and Islamic Republic of Iran for cooperation in the Hydrocarbon Sector. There is a proposal for importing 5 Million Metric Tons Per Annum (MMTPA) Liquefied Natural Gas (LNG) from Iran in exchange for a stake in a discovered oil field.