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Evolving dynamics of the Asian gas market: Challenges of sourcing, integration and sustainability

The 7th Asia Gas Partnership Summit AGPS 2012, a two day international biennial event was held on 23-24 March in New Delhi. The AGPS was organised by the Federation of Indian Chambers of Commerce and Industry (FICCI), promoted by GAIL (India) Limited, and supported by the International Gas Union. It is the biggest natural gas conference of its kind in the country. The theme was "Evolving dynamics of the Asian gas market: Challenges of sourcing, integration and sustainability".

The Prime Minister of India, Dr. Manmohan Singh, inaugurated the AGPS in the presence of many Indian and international dignitaries.

Apart from the Prime Minister, other high-level speakers to address the event were the Minister of Petroleum and Natural Gas S. Jaipal Reddy; Jayanthi Natarajan, Indian Minister of State (Independent Charge) for Environment and Forests; R. P. N. Singh, MoS, Petroleum and Natural Gas, India; President of the International Gas Union Datuk (Dr.) Abdul Rahim Hashim; the International Energy Agency (IEA) Executive Director Maria van der Hoeven; and senior policy makers from the Indian government.

Mr. Patrick Larkin, Senior Adviser, represented the Energy Charter Secretariat at this prestigious event. He presented the Energy Charter Treaty provisions on transit and open access systems. There was considerable reference at the conference to the proposed Turkmenistan-Afghanistan-Pakistan-India pipeline (TAPI). In his speech, Mr. Larkin sought to promote the Energy Charter, emphasising the investment and transit provisions of the Treaty as being of particular relevance to TAPI and to India in general. He suggested that India now has a very significant opportunity to engage with the Energy Charter, which is undergoing a process of modernisation and also preparing to examine the rules of energy transit in the form of a Protocol to the Treaty. India's contribution to that process would be welcomed by all. It would allow India to help shape the future direction of the Energy Charter Process, and perhaps even global energy governance.