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LNG

Qatar restarts development of world's biggest gas field after 12-year freeze

Qatar restarts development of world's biggest gas field after 12-year freeze

Qatar has lifted a self-imposed ban on development of the world`s biggest natural gas field.

Indian Oil, GAIL to take 49% stake in Adani Group's Dhamra LNG project

Indian Oil, GAIL to take 49% stake in Adani Group's Dhamra LNG project

State-owned refiner Indian Oil Corporation (IOC) and gas utility GAIL India Ltd Wednesday signed pacts to take 49 percent stake in Adani Group's Rs 6,000-crore Dhamra LNG project in Odisha.

Petronet LNG net up 55% at Rs 377.86 crore in June quarter

Petronet LNG net up 55% at Rs 377.86 crore in June quarter

New Delhi: Petronet LNG Ltd posted a nearly 55 per cent jump in its standalone net profit at Rs 377.86 crore for the quarter ended June 30, 2016.

IOC in talks to buy GSPC's stake in Mundra LNG terminal

IOC in talks to buy GSPC's stake in Mundra LNG terminal

Indian Oil Corporation (IOC) is in talks to buy debt-laden Gujarat State Petroleum Corp's (GPSC) stake in the under-construction Rs 4,500 crore Mundra LNG import terminal in Gujarat.

Petronet LNG plans $3 billion investment push overseas

Petronet LNG plans $3 billion investment push overseas

India's biggest gas importer Petronet LNG aims to spend up to $3 billion in the next five years to expand overseas, setting up terminals in Bangladesh and Sri Lanka among other countries, its managing director said.

Reconsider ban on diesel cabs: Govt to Supreme Court

Reconsider ban on diesel cabs: Govt to Supreme Court

The Central government on Monday requested the Supreme Court to reconsider its decision to ban diesel cabs.

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.

SCI cautious, plans only Rs 700 crore capex in FY'17

The LNG project is the USD 1.2-billion order from state-owned GAIL for chartering nine LNG vessels.

GAIL extends bidding deadline for USD 7-billion LNG carriers

State gas utility GAIL India has extended last date of bidding for its USD-7 billion tender for hiring nine newly built ships for ferrying LNG from the US by over two months to allow Indian shipyards to tie up technology for building the specialised vessels.

Shell wins Chinese clearance for BG takeover

Shell wins Chinese clearance for BG takeover

Energy major Shell`s vast takeover of British rival BG Group has won approval from the Chinese government, it said Monday.

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.

China to build $2.5 bn worth LNG terminal, gas pipeline in Pakistan

China to build $2.5 bn worth LNG terminal, gas pipeline in Pakistan

China will soon start construction of a USD 2.5 billion terminal for liquefied natural gas (LNG) in the restive Balochistan province and the Iran-Pakistan gas pipeline under the ambitious China-Pakistan Economic Corridor project, a senior official has said.

Dabhol power project to be split to revive plant

The Rs 12,000-crore Dabhol power project will be split into separate power and LNG companies in an effort to revive the plant which was originally built by the now-bankrupt US energy firm Enron.

Prabhat Singh takes over as MD & CEO of Petronet LNG

Prabhat Kumar Singh Monday took over as the new Managing Director and CEO of Petronet LNG Ltd, India's biggest liquefied natural gas importer.

2nd auction on subsidy to gas-based power projects on Sep 15

Under the plan, liquefied natural gas (LNG) will be imported and cash-strapped state power distribution companies will be financially supported to buy electricity from them.

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.

GAIL in talks with Iran to revive decade-old LNG deal

State-run gas utility GAIL India Ltd has begun talks with Iran to revive a decade-old USD 22 billion LNG supply contract, the cheapest deal ever struck by an Indian firm.

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.

Dharmendra Pradhan presses Qatar for LNG price cut

He made the plea when he called on Qatar's Energy Minister Mohammed Saleh Abdullah Al Sada on the sidelines of the 6th OPEC International Summit in Vienna on June 4, official sources said.