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Sign of increased economic activity! India's refinery throughput recovers in Sep, LNG imports rising
Sun, Nov 15, 2020
In a sign of increased economic activity, India Ratings and Research's latest credit digest on country's oil and gas sector has shown a recovery in refinery throughput during September.
Petronet inks MoU with Tellurian for 5 MTPA LNG
Sun, Sep 22, 2019
Petronet LNG has inked a MoU with US liquefied natural gas (LNG) developer Tellurian Inc for up to five million tonnes of LNG through equity investment in Driftwood Holdings, a subsidiary located in Louisiana.
Gail India shares rise 3%: Should you buy this stock? LNG prices to play major role ahead
Wed, May 29, 2019
Investors and experts have become very optimistic in Gail India shares, especially after when the company posted highest every annual net profit.
UAE''s ENOC seeks four LNG cargoes for India: sources
Wed, Mar 06, 2019
Emirates National Oil Company (ENOC) has announced a tender to buy four cargoes of liquified natural gas (LNG) for delivery to India from April to July, two trade sources said on Tuesday.
Asian prices slip, but plant outages limit losses
Fri, Jan 18, 2019
Prices for cargoes to be delivered in the second-half of February were estimated at about $8.35 per mmBtu , they added.
World's largest floating LNG platform starts production in Australia
Wed, Dec 26, 2018
In a statement, Shell said wells have now been opened at the Prelude facility, located 475 kilometres north-north east of Broome in western Australia. This means Prelude has now entered start-up and ramp-up, the initial phase of production where gas and condensate - which is an ultra-light form of crude oil - is produced and moved through the facility.
Firm LNG prices may dent local demand
Mon, Aug 06, 2018
In view of court banning alternative fuels like fuel oil and LPG in several states, demand for LNG is expected to remain upbeat, a Crisil report said.
LNG demand to stay strong despite 70 pc price rise: Report
Sun, Aug 05, 2018
The steep 70 per cent spike in global liquefied natural gas (LNG) price is unlikely to curb domestic demand, but may crimp the margin of city gas distribution (CGD) companies to some extent as volume growth will support marketing margins, according to a report.
GAIL to import only half of US LNG into India
Thu, Apr 12, 2018
GAIL has a deal to buy 3.5 million tonne a year of liquefied natural gas (LNG) for 20 years from Cheniere Energy of the US and has also booked capacity for another 2.3 million tonne (MT) at Dominion Energy's Cove Point liquefaction plant.
India does a first, starts importing LNG from US, follows post ban deal on oil
Tue, Mar 06, 2018
After crude oil, India today began importing natural gas from the US, with the first shipment of LNG under a 20-year deal being flagged off from Louisiana. State-owned gas utility GAIL India has contracted 3.5 million tonnes per annum of liquefied natural gas (LNG) from Cheniere Energy's Sabine P
India renegotiates LNG deal with Exxon to import it at affordable rate: Dharmendra Pradhan
Sun, Sep 10, 2017
India has been trying to leverage its position as one of the biggest energy consumers to strike better bargains for its companies.
Here's list of products proposed in Budget 2017 set to be costlier, cheaper
Wed, Feb 01, 2017
Find out which products will be costlier and cheaper as the Government of India has announced its Union Budget 2017-18 and has hiked customs and excise duties on some products.
India's gas targets would need $10 billion investments: Report
Thu, Dec 22, 2016
The move to promote gas usage is in line with the commitment made at the Paris meeting on climate change.
Audit report notes excess gas cost recovery by Reliance Industries
Tue, Aug 02, 2016
"Despite MoPNG`s directive, the operator continued to include this amount in the cost recovery for 2012-13 and 2013-14," said the report of the Comptroller and Auditor General of India tabled in Parliament on Tuesday.
Govt in discussion with Russia's Gazprom for LNG supplies to GAIL
Fri, Jun 17, 2016
Russia's Gazprom Chief Executive Officer Alexei Miller and India's Energy Minister Dharmendra Pradhan discussed on Thursday liquefied natural gas supplies to India's GAIL company, Gazprom said in a statement.
Sri Lanka to cancel Indian coal plant deal; proposes LNG instead
Wed, May 18, 2016
Sri Lanka will cancel plans for a 500 megawatt Indian-built coal-fired power plant at its strategic eastern port city of Trincomalee and will instead opt for a liquefied natural gas (LNG) power plant, a cabinet minister said late on Tuesday.