LNG

Gas price hike will benefit producers by Rs 1,300 crore: Ind-Ra

The gas price for the April-September period was $2.48 per mbtu, and the ceiling for gas from difficult fields was $5.56. 

Oct 03, 2017, 19:13 PM IST
Rpower 750MW LNG proj to achieve financial closure in FY18

Rpower 750MW LNG proj to achieve financial closure in FY18

Reliance Power has signed an MoU with the Bangladesh government to develop 3,000 MW LNG project in Meghnaghat and 500 mmscfd LNG Terminal at Qutubdia Island in Bangladesh.

Sep 26, 2017, 18:28 PM IST

Poland refuses `poor quality` Russian gas

Poland currently relies on Russia for about 40 percent of its gas, with a third coming from domestic sources and 20 percent from central Asia.
 

Jun 21, 2017, 22:30 PM IST
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.

Apr 04, 2017, 15:04 PM IST
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.

Sep 21, 2016, 17:55 PM IST
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.

Sep 05, 2016, 16:43 PM IST
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.

Jul 24, 2016, 12:38 PM IST
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.

Jul 11, 2016, 19:05 PM IST
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.

May 02, 2016, 19:12 PM IST

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.

Mar 30, 2016, 21:50 PM IST

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.

Mar 20, 2016, 12:46 PM IST

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.

Dec 22, 2015, 18:43 PM IST
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.

Dec 14, 2015, 14:39 PM IST
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.

Nov 23, 2015, 15:14 PM IST

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.

Oct 29, 2015, 21:46 PM IST
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.

Oct 01, 2015, 19:20 PM IST

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.

Sep 30, 2015, 20:22 PM IST

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.

Sep 14, 2015, 18:18 PM IST

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.

Sep 06, 2015, 12:32 PM IST

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.

Sep 01, 2015, 18:57 PM IST