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OIL completes acquisition of 50% stake in oil block in Russia

Last Updated: Friday, July 04, 2014, 16:57

OIL bought the stake from Ireland-registered, Russia- focused firm PetroNeft Resources plc in License 61 in Tomsk Oblast in Russia.

Robust global demand to keep LNG prices high, says report

Last Updated: Monday, June 23, 2014, 14:04

The LNG market continued to tighten in 2013.

India's gas production to stagnate without pricing reforms: IHS

Last Updated: Wednesday, June 11, 2014, 17:44

IHS said low regulated gas prices have precipitated a supply shortfall in India, but proposed that reforms to the pricing formula could yield higher domestic production and boost India's economy.

GAIL offers to sell US gas at cheaper rate than LNG from Qatar

Last Updated: Sunday, June 08, 2014, 21:17

State gas utility GAIL India Ltd is offering gas supplies from the US at USD 12-13, at least a dollar less than the price at which India currently imports the fuel from Qatar on long-term contracts.

GAIL plans more LNG deals with US

Last Updated: Monday, May 26, 2014, 21:40

Gas firm GAIL (India) Ltd aims to sign more deals with the United States for sourcing liquefied natural gas (LNG) as it hopes to lock-in customers for existing contracts by the end of July, company officials said on Monday.

HPCL to buy 11-15% stake in Petronet's east coast terminal

Last Updated: Wednesday, May 21, 2014, 13:20

State-owned Hindustan Petroleum Corp Ltd is likely to buy 11-15 percent stake in Petronet LNG Ltd's Rs 5,000 crore LNG import terminal on the east coast.

Oil Min may declare new price for gas soon after polling

Last Updated: Wednesday, April 30, 2014, 21:11

The Oil Ministry is looking at declaring a new gas price soon after the polling for General Elections is completed, a senior official said Wednesday.

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).

Petronet invites bids to lease out LNG storage tanks at Kochi

Last Updated: Monday, April 21, 2014, 20:50

To make Kochi an economically viable proposition, Petronet has invited bids to lease out two liquefied natural gas (LNG) storage tanks for two years.

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.

Oman keen to buy 20% stake in Petronet's LNG terminal

Last Updated: Wednesday, April 02, 2014, 19:35

Petronet, India's largest importer of liquid gas, is building a 5 million tonne a year LNG terminal at Gangavaram in Andhra Pradesh that is expected to be ready by 2018.

Natural gas to outpace all energy sources until 2035: Report

Last Updated: Tuesday, March 18, 2014, 16:15

The report estimates that global energy consumption will grow by 41 percent from 2012 to 2035.