(EnergyAsia, January 19 2015, Monday) — Australian upstream company Woodside Petroleum is hoping to develop and sell liquefied natural gas (LNG) to India through its budding relationship with one of India’s leading infrastructure companies, Adani Enterprises Limited.
The companies announced last week that they had signed a memorandum of understanding to identify and develop liquefied natural gas (LNG) assets and market opportunities.
Woodside CEO and managing director Peter Coleman signed on behalf of the Australian firm while the Indian firm was represented by Adani Group chairman Gautam Adani. The agreement was signed at a ceremony in India’s Gujarat state, attended by representatives of the two companies and Andrew Robb, Australia’s Minister for Trade and Investment.
Mr Coleman, who was among a high-powered delegation led by Prime Minister Tony Abbott to visit New Delhi last September, said Woodside is interested to pursue LNG opportunities in India.
“India is an important emerging LNG market in which we see enormous supply potential as infrastructure is developed. Adani is at the forefront of the LNG industry in India and committed to developing partnerships to support securing reliable long-term supplies of clean energy,” he said.
As part of its efforts to internationalise, the Australia-listed firm has acquired upstream assets in Morocco, Gabon, Cameroon, Tanzania and Canada, and is looking to develop an LNG project in western Canada.