For next 2-3 years, L&T sees good momentum in gas to power opportunities in West Asia: Subramanian Sarma

economictimes.indiatimes.com:

Subramanian Sarma, Member of the Board, L&T, says there are currently two to three key themes: a) Ongoing development of traditional fossil fuels, particularly oil and gas; b)collective efforts to enhance green initiatives and reduce carbon footprints, including opportunities in blue and green ammonia, renewable energy, and gas-to-power projects; c)exploration of monetizing and increasing value through petrochemical facilities. Each theme offers significant opportunities, with current prospects estimated between $10 billion and $12 billion. L&T will need to monitor these developments in the coming quarters.
Sarma says they are also looking at gas to power opportunities in the Middle East. They have a bit of a preferred status there with one of the main developers with whom we have been working, and so something might unfold. All in all, that business is looking much more buoyant. At least for the next two-three years, he sees a good momentum.
How are things looking up because we were just talking with the management of KEC and he pointed out how the power transmission orders and the other EPC orders seem to be picking up in that region. Is that something you are witnessing as well – increased expenditure when it comes to public infrastructure as well as the entire energy space in the Middle East?
Subramanian Sarma: Yes, it is very consistent with what the KEC management has said.

We are also seeing a good level of activities in the entire region. It of course varies from country to country. I mean, we cannot say that all the countries have the same level of activities, but I definitely think the Kingdom of Saudi Arabia, the United Arab Emirates and Qatar are having many more prospects, closely followed by Kuwait and