India, Turkmenistan to sign historic pact on natural fuel today

New Delhi and Ashgabat will on Saturday sign a historic pact that would give India a footing equal to the Chinese in Turkmenistan. The MoU would open avenues for bilateral cooperation between the two countries in the upstream and downstream hydro-carbon activities. Though Turkmenistan has offered off-shore exploration blocks to India, only China has been given a discovered field for development which would supply 30 billion cubic metres of natural gas to China over 30 years.