A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dharmendra Pradhan, Indian Minister of Petroleum and Natural Gas, took place recently at the St. Petersburg International Economic Forum 2016.
The parties discussed potential avenues for cooperation in the oil and gas sector. Particular attention was paid to the possibility of supplying LNG to India from Gazprom Group’s international portfolio, including under the existing contract with GAIL. The meeting participants also addressed the prospects for collaboration between Gazprom and Indian companies in the field of oil and gas exploration and development, as well as scientific and technical cooperation.
With 1.5 trillion cubic meters of natural gas in proven reserves, India ranks fourth among Asian countries (with China, Australia, and Indonesia in the top three) in terms of gas reserves. India’s Ministry of Petroleum and Natural Gas controls and regulates oil and natural gas production, processing and distribution, as well as oil and petroleum exports and imports. Between 2009 and 2016, Gazprom Group delivered 26 LNG cargoes to India totalling 1.7 million tons.