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BP to feed India’s increasing energy appetite
BP PLC is looking to import LNG to India through its joint venture with India’s largest corporate enterprise, Reliance Industries Ltd, BP chief executive Robert Dudley said on Tuesday.
BP last year inked a USD 7.2 billion partnership with Reliance Industries to develop oil and gas assets in India.
The UK-based major’s “longer-term” interest in the venture lies in meeting India's booming energy demand, which will include providing LNG supplies, the chief executive said. The natural gas will likely be imported from Asia, Dudley added.
BP is currently developing an LNG project in Indonesia named Tangguh. It aims to produce around 7.6 trillion feet of LNG from six offshore fields.
Reliance has struggled to meet output goals at India’s largest find to date, the D6 block, located in the eastern offshore Krishna-Godavari basin. New Delhi announced on Tuesday it would do ‘whatever it takes’ to help the firm boost production.