LIQUEFIED NATURAL GAS
Natural gas consumption to rise 3-folds in 10 yrs for 15% target: Pradhan
Natural gas currently makes up for 6.2 per cent of all energy consumed in the country. To cut dependence on coal and liquid fuels, the govt is targeting its share to rise to 15% by 2020-30. "Gas consumption has to rise to 600 million standard cubic metres per day for achieving 15 per cent share in energy basket" from current levels of 166 mmscmd, he said.
India's Petronet LNG says in talks with several firms on deals
Mishra said Petronet is in the process of appointing a consultant to help guid...
IOC, GAIL to pay Adani 5% more charge than their own LNG terminal: Dharmendra Pradhan
India's largest oil firm IOC, which recently commission...
Reliance again puts off gas bid to Nov 15 on bidders request
Reliance and its partner BP plc of UK are in the market to sell the gas they plan to produce from three set of newer discoveries in the KG-D6 block. The partners are not just seeking volume bids but also price quotes and those offering the best price would walk away with the gas. Bidders have been asked to quote a price, supply period and the volume of gas required.
Regulator weighs moving to gas entry-exit tariff model
The Petroleum and Natural Gas Regulatory Board (PNGRB) is considering a gas transmission tariff reform that would allow the tariff to be fixed separately for each entry and exit point of the pipeline.
Petronet Q2 profit nearly doubles to Rs 1,089 crore on lower tax rate
Revenue from operations slipped to Rs 9,361.18 crore from Rs 10,745.34 crore.
World ‘awash’ in oil as US sees its shale boom barrelling ahead
US shale production has turned the world “on its head,” and Goldman Sachs Group Inc. is “off a bit” in a report last week saying that the bonanza is fading, Perry said on Sunday in Dubai.
Tellurian to sell LNG at a lower rate of $6 to India
US based Tellurian Inc has agreed to deliver liquefied natural gas to India at $6 per unit, which is significantly lower than the ceiling. Tellurian says that its price will still be competitive with its production cost ranging around $2/mmbtu.
Cabinet to consider splitting GAIL, pipeline business not to be sold before 2022
To resolve the conflict arising out of the same entity owning the two jobs, splitting GAIL is being considered.
Mundra LNG terminal to be commissioned by December
The terminal was mechanically completed in mid-2018 and was inaugurated by Prime Minister Narendra Modi.
India holds 100 Tcf of gas reserves, enough to meet half of demand till 2050: BP chief
BP in partnership with Reliance Industries is investing about USD 5 billion to bring about 1 billion cubic feet a day of new domestic gas onstream beginning mid-2020, he said.
Reliance puts off gas bid to November 6 on bidders request
Reliance and its partner BP Plc of the UK, last month had put out Notice Inviting Offer (NIO) seeking bids from potential users for the 5 million standard cubic meters per day of natural gas.
Securing affordable, sustainable energy top agenda: Pradhan after Saudi oil attacks
India was able to secure most of its contracted supplies from Saudi Arabia, in the aftermath of the September 14 drone and missile assault.
Natural gas price decreases 12.5% on global cues
Price cap for gas from difficult fields declines 9.5% in six-monthly revision on Friday.
Petronet to invest $2.5 billion in US company for LNG supply
PLL to invest in Tellurian’s proposed Driftwood LNG terminal; transaction pact to be final by March 31, 2020.
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