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Qatar seeks projects to invest in India

India's Minister of Oil and Gas Dharmendra Pradhan speaks during the opening ceremony of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi on November 11, 2019 [-/AFP via Getty Images]
India's Minister of Oil and Gas Dharmendra Pradhan in Abu Dhabi on 11 November 2019 [AFP/Getty Images]

India and Qatar on Friday agreed to set up a task force to identify projects in India for investment by the gas-rich Gulf nation, the Economic Times reports Oil Minister Dharmendra Pradhan saying.

"I reiterated Qatar's role as a reliable supplier of LNG and LPG. We also agreed to further strengthen cooperation in the energy sector and move beyond the buyer-seller relationship to a comprehensive one, including two-way investments," Pradhan said in reference to Doha's ability to provide liquified natural gas and liquified petroleum gas.

According to reports, India imports 8.5 million tonnes of LNG per annum from Qatar under a long-term contract.

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