Inflation set to bite common man again! CNG, piped cooking gas price could get expensive by 10-11%
Natural gas is the raw material that is converted into compressed natural gas (CNG) for use in automobiles as fuel or piped to household kitchens for cooking purposes.
Sep 12, 2021, 12:02 PM IST
India's Petronet signs MoU with Tellurian for 5 million tonnes of LNG through equity investment in Driftwood
As per the MoU signed between the two companies, Petronet and its affiliates will negotiate the purchase of up to five million tonnes annually of LNG from Driftwood.
Sep 22, 2019, 07:03 AM IST
OVL, partners agree to invest $20 bn in Mozambique LNG project
The project will initially consist of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum. Feedgas will come from the Golfinho/Atum field in Offshore Area 1.
Jun 20, 2019, 10:39 AM IST
India's green vision to see full duty exemption on LNG
Petroleum Ministry officials said they are hopeful that this cut would be included in the Union Budget 2019-20 proposals to be presented in Parliament this July. The matter has already been discussed with the Finance Ministry.
May 30, 2019, 17:12 PM IST
Gas price hike will benefit producers by Rs 1,300 crore: Ind-Ra
The gas price for the April-September period was $2.48 per mbtu, and the ceiling for gas from difficult fields was $5.56.
Oct 03, 2017, 19:13 PM IST
Rpower 750MW LNG proj to achieve financial closure in FY18
Reliance Power has signed an MoU with the Bangladesh government to develop 3,000 MW LNG project in Meghnaghat and 500 mmscfd LNG Terminal at Qutubdia Island in Bangladesh.
Sep 26, 2017, 18:28 PM IST
Poland refuses `poor quality` Russian gas
Poland currently relies on Russia for about 40 percent of its gas, with a third coming from domestic sources and 20 percent from central Asia.
Qatar restarts development of world's biggest gas field after 12-year freeze
Qatar has lifted a self-imposed ban on development of the world`s biggest natural gas field.
Apr 04, 2017, 15:04 PM IST
Indian Oil, GAIL to take 49% stake in Adani Group's Dhamra LNG project
State-owned refiner Indian Oil Corporation (IOC) and gas utility GAIL India Ltd Wednesday signed pacts to take 49 percent stake in Adani Group's Rs 6,000-crore Dhamra LNG project in Odisha.
Sep 21, 2016, 17:55 PM IST
Petronet LNG net up 55% at Rs 377.86 crore in June quarter
New Delhi: Petronet LNG Ltd posted a nearly 55 per cent jump in its standalone net profit at Rs 377.86 crore for the quarter ended June 30, 2016.
Sep 05, 2016, 16:43 PM IST
IOC in talks to buy GSPC's stake in Mundra LNG terminal
Indian Oil Corporation (IOC) is in talks to buy debt-laden Gujarat State Petroleum Corp's (GPSC) stake in the under-construction Rs 4,500 crore Mundra LNG import terminal in Gujarat.
Jul 24, 2016, 12:38 PM IST
Petronet LNG plans $3 billion investment push overseas
India's biggest gas importer Petronet LNG aims to spend up to $3 billion in the next five years to expand overseas, setting up terminals in Bangladesh and Sri Lanka among other countries, its managing director said.
Jul 11, 2016, 19:05 PM IST
Reconsider ban on diesel cabs: Govt to Supreme Court
The Central government on Monday requested the Supreme Court to reconsider its decision to ban diesel cabs.
May 02, 2016, 19:12 PM IST
Kuwait signs $2.9 billion gas facility deal with Korean firms
Kuwait Tuesday inked a USD 2.93 billion contract with three South Korean firms for the construction of the largest Liquefied Natural Gas (LNG) import facility in the oil-rich country.
Mar 30, 2016, 21:50 PM IST
SCI cautious, plans only Rs 700 crore capex in FY'17
The LNG project is the USD 1.2-billion order from state-owned GAIL for chartering nine LNG vessels.
Mar 20, 2016, 12:46 PM IST
GAIL extends bidding deadline for USD 7-billion LNG carriers
State gas utility GAIL India has extended last date of bidding for its USD-7 billion tender for hiring nine newly built ships for ferrying LNG from the US by over two months to allow Indian shipyards to tie up technology for building the specialised vessels.
Dec 22, 2015, 18:43 PM IST
Shell wins Chinese clearance for BG takeover
Energy major Shell`s vast takeover of British rival BG Group has won approval from the Chinese government, it said Monday.
Dec 14, 2015, 14:39 PM IST
Qatar to waive $1 billion penalty on India for lower gas offtake
In a significant development, Qatar has agreed to waive USD 1 billion penalty on India for breaking a long-term LNG contract, and has also consented to change the pricing formula to reflect the slump in global energy rates.
Nov 23, 2015, 15:14 PM IST
India asks Qatar to cut gas price in line with global slump
India has asked its largest liquefied natural gas (LNG) supplier Qatar to cut prices to match a 40 percent slump in global rates as well as waive penalty for not buying all of the contracted fuel.
Oct 29, 2015, 21:46 PM IST
China to build $2.5 bn worth LNG terminal, gas pipeline in Pakistan
China will soon start construction of a USD 2.5 billion terminal for liquefied natural gas (LNG) in the restive Balochistan province and the Iran-Pakistan gas pipeline under the ambitious China-Pakistan Economic Corridor project, a senior official has said.
Oct 01, 2015, 19:20 PM IST
