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.

Gas-based power projects may forgo concessions: Ind-Ra

After negative bids for imported re-gasified liquefied natural gas for stranded gas-based power projects, concessionaires may decide to reduce these concessions going forward, says India Ratings.

Qatar and Pakistan sign `$16 billion` gas deal

Qatar signed a long-term deal with Pakistan on Wednesday to export liquefied natural gas, according to state media in the Gulf.

Qatar to waive $1 billion penalty on India for lower gas offtake

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.

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.

Soon, transparent LPG cylinders to keep a tab on gas theft

Soon, transparent LPG cylinders to keep a tab on gas theft

Such transparent cylinder will come at anything between Rs 2,500-3,000.

European Commission approves Shell's purchase of BG Group

The European Commission gave its approval Wednesday of Royal Dutch Shell's planned acquisition of Britain's BG Group in a deal that must also be cleared by Australian and Chinese regulators.

Petronet to raise Rs 1,000 crore through bonds issue

Petronet LNG Ltd, India's biggest liquefied natural gas importer, will raise Rs 1,000 crore through bonds issue this fiscal mostly to pay off its existing debt.

Petronet LNG appoints Prabhat Singh as MD & CEO

Prabhat Kumar Singh will be the new Managing Director and CEO of Petronet LNG Ltd, India's biggest liquefied natural gas importer.

GAIL to swap US LNG, issue tender next month

State-owned gas utility GAIL India plans to swap over one-third of the liquefied natural gas (LNG) it has contracted from US with a gas seller nearer to India to save on transportation costs.

Qatar vast gas reserves 'to last 138 years': Report

 Qatar's gas reserves are so vast it can maintain production at current rates for another 138 years, according to an official report published today.

GAIL sells some of its US LNG to Shell

GAIL (India) Ltd has sold some of its liquefied natural gas (LNG) from the U.S. portfolio to European energy major Royal Dutch Shell ahead of production from early 2018, its head B.C. Tripathi said on Wednesday.

GAIL in talks with Shell to sell US LNG supply

India`s Gail has signed a preliminary deal with Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production, three sources with knowledge of the matter said.

Shell to raise Hazira LNG plant capacity by 50% in 2016/17

Hazira LNG Ltd will expand the capacity of its liquefied natural gas (LNG) terminal on the west coast by 50 percent to 7.5 million tonnes per annum (mtpa) in the fiscal year to March 2017, a government panel report said.

India asks Qatar to lower LNG price to match global slump

India buys 7.5 million tonnes a year of LNG on a long-term 25 year contract, indexed to a moving average of crude oil price.

Russia to invest $2 bn to build pipeline in Pakistan

Russia will invest a whopping USD 2 billion in Pakistan to build a 1,100-kilometre pipeline from southern port city of Karachi to Lahore to transport liquefied natural gas.

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.

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.

IOC yet to start work on Rs 5,150-cr LNG project

State-owned Indian Oil Corp (IOC) Monday said it is yet to commence work on a Rs 5,150 crore liquefied natural gas (LNG) import terminal at Ennore in Tamil Nadu.

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.