BP CEO: Looking at importing LNG to India through Reliance JV
BY ALEXIS FLYNN
LONDON--BP PLC is exploring options for importing LNG to India through its joint venture with Reliance Industries Ltd., Chief Executive Bob Dudley said Tuesday.
BP last year signed a $7.2 billion deal with Reliance to jointly develop oil and gas assets in India, including a technically challenging natural gas block off its east coast.
Mr. Dudley said BP's "longer-term" interest in the venture lay in feeding India's burgeoning energy demand, including supplying the country with LNG. The natural gas would likely be imported from elsewhere in Asia and not North America, Mr. Dudley said.
The U.K.-based major is currently developing a huge LNG project in Indonesia named Tangguh, where it aims to produce around 7.6 Tcf of LNG sourced from six offshore fields.
Dow Jones Newswires