Prabhat Singh, PK Bajpai among 13 in race to head Petronet LNG
A Search Committee will hold interviews to select the new MD and CEO tomorrow, industry sources said.
Mar 29, 2015, 15:22 PM IST
Private power firms to get up to Rs 7,500 cr subsidy in 2 years
A subsidy of up to Rs 7,500 crore will be provided to private power companies in the next two years as part of the scheme approved by the Cabinet to revive 31 electricity generating units stranded for want of gas.
Mar 26, 2015, 17:38 PM IST
India 'throws up' investment opportunities for Qatar investors
India today invited investors from energy-rich Qatar to invest in sectors like railways, defence production, infrastructure, retail and development of Liquefied Natural Gas (LNG) terminals.
Mar 25, 2015, 20:38 PM IST
Petronet top post: GAIL directors, Oil India Chairman in race
About a dozen candidates, including top directors at gas utility GAIL India and Chairman of Oil India, are in the race to become the Managing Director and CEO of Petronet LNG, the nation's biggest liquid gas importer.
Mar 25, 2015, 17:28 PM IST
Petronet CEO not to get extension; Oil Min looks for new CEO
The Oil Ministry has decided not to extend tenure of Petronet LNG Ltd's CEO A K Balyan till his superannuation in July 2016 and has instead begun search for the new head of the India's largest liquefied natural gas (LNG) importing firm.
Mar 04, 2015, 17:54 PM IST
GAIL drops plan to set up LNG terminal at Paradip
GAIL India, the nation's largest natural gas distributor, has dropped plans to set up a Rs 3,108 crore floating LNG import terminal at Paradip in Odisha.
Mar 03, 2015, 18:05 PM IST
OilMin moves proposal to pool gas price for fertiliser plants
After power, the Oil Ministry has moved a proposal to pool or average out prices of domestic natural gas and imported LNG used by fertilizer plants to make the cost of fuel uniform and affordable.
Feb 18, 2015, 18:34 PM IST
Stable policy regime must for investments in gas sector: Expert
Slamming the new natural gas formula as making "no sense", world renowned energy expert Fereidun Fesharaki has said only guaranteed market prices along with stable policy regime would bring in investments from global majors.
Feb 18, 2015, 14:24 PM IST
Australian LNG to cost nearly half the price of Qatar gas
India will start importing natural gas (LNG) from Australia by end of the year at a rate which will be about 40 percent less than the price of its current shipments from Qatar on a long-term contract.
Feb 10, 2015, 15:43 PM IST
US support Congress move to speed up LNG export license
In a development that could benefit India's effort to import natural gas from the US, the Obama Administration has supported the Congress to approve or deny permits for shipments of Liquefied Natural Gas to Non-Free Trade Agreement countries in 45 days.
Jan 31, 2015, 09:06 AM IST
Adani Group, Woodside sign pact on LNG sourcing and marketing
Business conglomerate Adani Group has signed an agreement with Australian energy major Woodside for sourcing of LNG as well as cooperation in oil and gas exploration and production.
Jan 11, 2015, 19:01 PM IST
Petronet, Shell, Mitsui shortlisted for Bangla LNG terminal
Petronet LNG Ltd, India's biggest importer of liquefied natural gas (LNG), is among five global energy firms that have been shortlisted for setting up an LNG import terminal in Bangladesh.
Dec 28, 2014, 12:57 PM IST
SC allows GAIL to take part in tender for laying pipeline
The order came in the backdrop of the finding of Petroleum and Natural Gas Regulatory Board (PNGRB) that the PSU had indulged in unfair trade practices in the past.
Dec 18, 2014, 23:48 PM IST
GAIL inks agreement to buy 2.5 million tonnes of LNG from US
GAIL India Ltd, the nation's largest natural gas distributor, has signed an agreement with US-based WGL for buying about 2.5 million tonnes of gas for 20 years.
Dec 05, 2014, 14:10 PM IST
India receives its biggest LNG cargo
India has received its biggest shipment of liquefied natural gas (LNG) by ship as it looks to diversify supplies and economise parcel size to meet growing energy demand.
Dec 03, 2014, 13:04 PM IST
ONGC lines up USD 3 bn investment in Mozambique
While the Mozambique cabinet has approved the decree law, it is awaiting Parliament nod, sources said.
Nov 28, 2014, 18:32 PM IST
Oman-India gas pipeline a most promising option
Importing LNG is a rather costly process, but unavoidable because the sources of gas are far away. This cost can be avoided if gas is imported through pipelines and then transported across the country through existing and future-planned pipelines in India.
Nov 19, 2014, 13:01 PM IST
Indian Oil LNG terminal to be ready 2017-18
Oil marketing company Indian Oil Corporation`s (IOC) liquefied natural gas (LNG) terminal near here is expected to go on stream by the third quarter of 2017-18, a top company official said Wednesday.
Nov 12, 2014, 19:44 PM IST
Petronet pays CEO, directors Rs 15 lakh each in commission
Petronet LNG Ltd (PLL) has paid a commission-on-profit of Rs 15 lakh each to its chief executive A K Balyan and two other whole-time directors, besides paying Rs 5 lakh each to two former oil PSU executives who are on its board as independent directors.
Oct 02, 2014, 20:28 PM IST
GAIL in talks to buy 2-2.5 mt LNG from US
State-owned gas utility GAIL is in talks to buy an additional 2-2.5 million tons of liquefied natural gas from the US to meet India's growing energy demand.
Oct 01, 2014, 17:40 PM IST
