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PRESS TRUST OF INDIA
NEW DELHI, Nov 6: American multinational Unocal plans to invest $3.5 billion in the Indian energy sector with projects ranging from LNG pipelines to exploration and production and power generation."Our main focus will be on natural gas projects. India is the largest and most important future market for natural gas," Unocal corporation president John Imle said here today.
The huge prospects of capacity addition in power generation in the country make it a market of large potential for natural gas, he said at a meeting organised by the Confederation of Indian Industries (CII). India's enormous demand for natural gas needs to be met by a combination of domestic natural gas, imported pipeline gas and LNG imports, Imle said adding that Unocal is planning to exploit each of these options.
Unocal currently has bid for two LNG import terminals in the country -- at Ennore in Tamil Nadu and at Maroli in Gujarat. The Ennore project is a 2.5 million tonne LNG import terminal with a 1800 mw power project along withit.The company also has long term plans for bringing natural gas to the country via pipelines from production centres in Turkmenistan, Iran, Bangladesh and Myanmar.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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