Reliance expresses interest in world scale petrochemical complex with Qatar Petroleum in Qatar

Reliance Industries has expressed keen interest in setting up of a world scale petrochemical complex in Qatar with Qatar Petroleum. The polymer output is expected to cater to demand from India. Domestic gas production in the India as well as Qatar is expected to increase rapidly over the next 15 years. Consumption is estimated to grow at a faster pace, necessitating import of gas for India and China. India plans to import 22.5 mln tons to meet its demand in 2011 and 2012. Development of gas transmission and distribution networks in China and India is opening greater export opportunities for Russian and Middle Eastern gas.
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