India’s resources boom stirs the politics of poverty


Posco-MMTC deal likely: A week ago, New Delhi’s Minerals and
Metals Trading Corp (MMTC) announced it was in discussion with Posco to
supply it with liquefied natural gas (LNG) from a regassification plant
MMTC intends to build at Paradip.

Aust LNG being sought: Besides Posco’s giant steel mill, MMTC’s
potential LNG customers include the fertiliser and electricity supply
industries, and India’s Financial Express reported that the State-owned company was “in advanced stages of discussions with Australian companies to source LNG”.

The Australian Financial Review, 28/3/2006, p. 12

Source: Erisk

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