No Iran oil ? India asks US to supply liquid shale gas

Discussion in 'Foreign Relations' started by Singh, Jun 16, 2012.

  1. Singh

    Singh Phat Cat Administrator

    Feb 23, 2009
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    Great move by India ! :namaste:


    New Delhi: India has asked the US to supply it with liquid shale gas, a government source said on Wednesday, as it continues to reduce dependence on oil imports from Iran, which are targeted by sanctions from Washington due to its nuclear ambitions.

    The United States wants allies to cut oil imports from Iran substantially or face financial sanctions from end-June. It has already granted a waiver to 10 European countries and Japan, but India and China, Tehran’s biggest clients, remain at risk.

    US secretary of state Hillary Clinton said on a visit earlier this month the United States was helping in the search for alternative supplies of crude and has now sent energy envoy Carlos Pascual for talks on a range of energy issues.

    “There was a discussion about the possibility of export of shale gas in liquefied form (to India),” the government source said on condition of anonymity.

    “We expect the US will positively respond...,” the source added.

    India has pledged to continue reducing imports from Iran, which used to be its No. 2 supplier after Saudi Arabia, but no specific target was set in talks with Pascual on Tuesday, a source familiar with the discussions said.

    Refiners cut oil shipments from Iran by a third in April from March, tanker discharge data available to Reuters showed, while annual deals in effect from April 1 are likely to be at least 15-20% below the previous year’s volumes.

    India, the world’s fourth-largest oil importer, ships in about 80% of its oil needs. It relies mostly on coal and oil for its energy demands with about a third coming from nuclear, alternative energy supplies and natural gas.

    Shale gas development in the United States has turned the gas market there from shortage to glut, and cheap US LNG export projects are soon expected to provide stiff competition for Australian LNG export developments.

    The US Energy Information Administration estimates that China holds the world’s largest shale gas reserves, with 1,275 trillion cubic feet, followed by the United States at 862 trillion cubic feet.

    India asks US to supply liquid shale gas - Economy and Politics — — Readability
    aerokan likes this.
  3. Yusuf

    Yusuf GUARDIAN Administrator

    Mar 24, 2009
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    Tough Indian negotiators at work. Good going. We should also ask for investment and technology for recovering shale gas and oil. India too has significant reserves if those.
  4. venkat

    venkat Regular Member

    Apr 6, 2009
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    wonderful!!! catch them by their Ba!!s!!!! If you dont allow us to import from Iran,,,then you supply!!!!!

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