After signing a handful of agreements in India, Iranian President Hassan Rouhani said his country was ready to meet the country's energy needs.

The Iranian president led a delegation to India last week, rounding up his visit by signing around a dozen memoranda of understanding. A joint statement from a meeting between Rouhani and Indian Prime Minister Narendra Modi outlined "long-term" partnerships and a desire to reach "appropriate results on energy cooperation."

India has long been on the Iranian radar as a potential natural gas customer. A pipeline from Iran, though Pakistan and to India has been put on the table at various times over the last decade, though geopolitical fissures between Iran and the West have complicated the effort.

New Delhi in late 2017 hosted an annual IHS-CERA conference. From the sidelines, Terence Ang, a senior analyst for Wood Mackenzie, said demand for India should outpace domestic supplies, especially for natural gas. To meet the shortage, Wood Mackenzie expects the appetite for liquefied natural gas will increase 36 percent when compared with three years ago.

The market footprint for LNG is expanding, especially for countries sensitive to geopolitical issues. The long-awaited gas pipeline from Iran has yet to materialize for India, as has a similar Western-backed project from Turkmenistan.

A report from General Electric, which has operations in both renewable and conventional energy resources, said the Indian government has ambitious plans to boost oil and gas production, but has fallen short of its goals in the past. GE estimated that India could exhaust its proven resources within the next 25 years, but added that barely a quarter of the country's reserves have been explored.

The Iranian president said his country, with its vast oil and gas reserves, could step up to meet India's needs.

"Iran can meet India's energy needs within the framework of long-term strategic contracts," he was quoted by the official Islamic Republic News Agency as saying.

Related Links
All About Oil and Gas News at OilGasDaily.com

Tweet

Thanks for being here; We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor $5 Billed Once credit card or paypal		SpaceMediaNetwork Monthly Supporter $5 Billed Monthly paypal only

Study examines methane emissions reduction from oil and gas in North America
London, UK (SPX) Feb 19, 2018
Atmospheric methane concentrations continue to increase globally, despite a pledge in 2016 from the leaders of the United States, Canada, and Mexico to reduce methane emissions from each country's oil and gas sector. Additionally, the trilateral methane pledge faces more challenges as the Trump Administration seeks to reverse federal methane research and control efforts. Yet this ambitious pledge is still achievable in the United States, according to a new article in Climate Policy co-authored by ... read more