India Turns To Qatar For Oil, Gas

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>India is looking at buying more oil and gas from Qatar, Oil Minister S. Jaipal Reddy said on Monday, after a meeting with his Qatari counterpart.<br><br>Indian refiners have been cutting oil imports from sanctions-hit Iran and are diversifying purchases away from the country's second-biggest supplier of crude after Saudi Arabia.<br><br>Reddy said in 2010-2011, India imported 5.6 million tonnes of oil from Qatar. India also annually buys 7.5 million tonnes of liquefied natural gas (LNG) from Qatar under long term deals.<br><br>"In the years ahead with our energy requirement growing we look for larger quantities of LNG, oil and LPG from Qatar," Reddy said.<br><br>Qatar is the world's largest LNG producer with a capacity of 77 million tonnes a year.<br><br>(Reuters)</p>