Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
30-August-2012 17:23 IST
Indian oil companies exploring investment opportunities in Canada & USA
The Minister of State for Petroleum and Natural Gas Shri R.P.N. Singh informed the Lok Sabha in a written reply today that Companies (Oil Companies of India) have reported that they are exploring Liquefied Natural Gas (LNG) investment/sourcing opportunities in Canada and USA.

Presently, he added, with the huge shale gas discovery in USA and Canada, it is expected that LNG import from projects of these countries could be economical as compared to other sources. However, the long distance transportation involved and the indexation mechanism for determining LNG price would affect the economies of LNG imports.