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'Need to fix anomalies in Ranga formula before revising rates'

Last Updated: Friday, June 27, 2014, 14:22

Days after the government put off natural gas prices hike by three months, Power & Coal Minister Piyush Goyal said there were anomalies in the proposed formula which needed to be fixed before revising rates.

Gas price hike to balance reforms, interest of poor: Pradhan

Last Updated: Tuesday, June 10, 2014, 17:00

Last week, a top oil ministry official said a decision on the issue will be taken before July 1.

High gas price will hurt fertiliser sector: FAI

Last Updated: Wednesday, April 30, 2014, 21:10

Contending that the government`s new pricing guidelines stipulating much higher prices for domestic natural gas will make the Indian fertiliser industry uncompetitive, the Fertiliser Association of India (FAI) Wednesday called for delinking domestic gas from the price of imported liquefied natural gas (LNG).

GAIL uses Shell's Hazira terminal to import LNG

Last Updated: Wednesday, April 09, 2014, 14:31

The company previously imported all the LNG it bought from overseas either at Dahej or at Dabhol.

IOC to buy stakes in Petronas' LNG project for $900 mn

Last Updated: Friday, March 07, 2014, 19:19

Indian Oil Corp, the nation's largest oil firm, on Friday signed a deal to buy a 10 percent stake in shale-gas assets and a linked liquefied natural gas (LNG) project in British Columbia for USD 900 million.

GAIL seeks LNG from East African suppliers

Last Updated: Wednesday, February 26, 2014, 16:15

GAIL (India) Ltd is seeking Liquefied Natural Gas (LNG) from East African producers to diversify its supply sources, a senior company official told PTI here on Wednesday.

ONGC in talks to buy 26% stake in IOC's Ennore LNG terminal

Last Updated: Friday, January 17, 2014, 12:14

State-owned Oil and Natural Gas Corp (ONGC) is in talks to buy a 26 percent stake in Indian Oil Corp's Rs 4,320 crore liquefied natural gas (LNG) import plant at Ennore in Tamil Nadu.

India seeks LNG from Mozambique

Last Updated: Wednesday, January 15, 2014, 21:46

After securing almost a third of a giant gas field in Mozambique, India Wednesday pitched for buying most of the natural gas from the project to feed its starving power plants back home.

Japan-US venture to build Canadian LNG plant

Last Updated: Tuesday, January 14, 2014, 14:09

Japanese engineering giant JGC Corp. today said it has won a contract to help build a Canadian liquefied natural gas plant in a deal reportedly worth USD 9.4 billion.

Petronas nears deal to sell Canada shale stake to Indian company

Last Updated: Tuesday, November 12, 2013, 16:23

Malaysia`s Petronas is close to selling a stake in its Canadian shale gas assets to an Indian company as it looks to share some of the costs of bringing cheap liquefied natural gas from North America to energy-hungry Asia.

Russia moves to break up LNG export monopoly

Last Updated: Wednesday, October 30, 2013, 21:00

The Russian government took the initial step Wednesday to break up natural gas giant Gazprom's monopoly on exports and allow smaller companies to compete in booming Asian markets.

Rs 11,000-cr payout plan to subsidise cost of gas-based power

Last Updated: Wednesday, September 11, 2013, 19:38

With gas supplies to power plants drying up, the Power Ministry has moved the Cabinet Committee on Economic Affairs (CCEA) proposing about Rs 11,000 crore payout to subsidise costlier power arising from rising gas rates.