India in talks with Equinor on oil reserves
NEW DELHI: India is in talks with Norway’s Equinor ASA for its participation in the country’s strategic petroleum reserves, as well as for long-term liquefied natural gas deals from the company’s US and Qatar portfolios, says the Mint newspaper.

Securing a commitment from Equinor will mark the second such deal for India after a similar contract with Abu Dhabi National Oil Co, according to the newspaper.

India, the world’s third biggest energy consumer, is also asking Equinor to participate in its exploration and production program, Mint cited an unidentified Indian official as saying.

State-run Indian Oil Corp was in talks with nearly a dozen liquefied natural gas (LNG) suppliers for long-term supply contracts, Bloomberg News reported earlier this month.

The LNG deal with Equinor will help India to fortify future gas imports. — Bloomberg
Energy,India,Equinor,LNG
NEW DELHI: India is in talks with Norway’s Equinor ASA for its participation in the country’s strategic petroleum reserves, as well as for long-term liquefied natural gas deals from the company’s US and Qatar portfolios, says the Mint newspaper.