New Delhi, Apr 14 (UNI) Petroleum and Natural Gas Minister Murli Deora today said Asia need cross-border trade in the gas sector.
''Geography, resources and economics favour regional integration, especially in gas,'' Mr Deora said while addressing the Fifth Asia Gas Partnership Summit here.
He said the Asian gas markets are leading the growth in global gas sector with Asia today accounting for 70 per cent of the total LNG trade.
The Minister pointed out that Asian countries have natural areas of commonalities and synergy in social, economic and technological spheres.
''A multifaceted economic partnership will underpin more securely our traditionally close relationships. India on its part is ready to play sheet anchor role in this endeavour,'' he said.
Mr Deora called upon the governments of Asian region to play their role of providing a transparent, attractive and stable policy and regulatory regime.
''At the same time, the role of the business community to build a stable and strong economic partnership is equally important,'' he added.
UNI MP AK RK1931