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India ready for turbulent times
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
India to help Asia spearhead global refining
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
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Petronet LNG making progress on India’s gas ambitions
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India ramps up refinery expansions
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Industry investing in significant pipeline infrastructure to further improve the efficiencies of its network and cut costs
Asian demand critical to absorb fresh LNG supply
Purchasing from region will help determine if prices will stay buoyant in the second half of this decade as supply increases, with significant volumes due online in the next three years
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ExxonMobil will be exploring in partnership with state-owned ONGC
India ExxonMobil
Digby Lidstone
16 September 2022
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ExxonMobil takes a chance on India’s upstream

The major’s involvement is a win for New Delhi as it seeks to promote offshore exploration

ExxonMobil and Indian state-owned oil and gas producer ONGC have agreed to explore territory off the east and west coasts of India, in what is being seen as a major show of faith in the country’s deepwater potential. The US major is bucking a trend among foreign investors, many of whom have withdrawn from the South Asian upstream in recent years. “We understand [ExxonMobil] has studied the deepwater potential of Indian basins—and of neighbouring countries too—for a number of years, so it must see some resource potential to proceed,” says Angus Rodger, research director for Asia Pacific at consultancy Wood Mackenzie. “If large resources of gas can be found and developed at a competitive cost,

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