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GAIL to invest Rs 30,000 crore in next 3 years, scouts for LNG abroad

GAIL to invest Rs 30,000 crore in next 3 years, scouts for LNG abroad

Wed, Aug 23, 2023

GAIL recently acquired private-sector chemical company JBF Petrochemicals Ltd, adding 1.25 million tonnes of petchem capacity.

Gail initiates legal proceedings against Gazprom for non-supply of LNG, files for arbitration in London

Gail initiates legal proceedings against Gazprom for non-supply of LNG, files for arbitration in London

Fri, May 19, 2023

State-owned Gail India on Friday said it has initiated legal proceedings against an arm of the Russian energy giant Gazprom for non-delivery of LNG.

GAIL looking to buy up to 26% stake in LNG projects in US, says report

GAIL looking to buy up to 26% stake in LNG projects in US, says report

Fri, Feb 17, 2023

India's GAIL, either directly or through its affiliates, exploring the opportunity to buy equity from an existing or post-commissioning of a proposed LNG liquefaction plant or project in the US.

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Zee Business Exclusive: DIPAM And SEBI Having Discussion On PSU's Open Offer, Watch This Video For Details

Zee Business Exclusive: DIPAM And SEBI Having Discussion On PSU's Open Offer, Watch This Video For Details

Mon, Jul 18, 2022

DIPAM and SEBI having discussion on making rules for open offer discount in indirect acquisition. Exemption was sought for Petronet LNG, IGL in BPCL disinvestment. Know full news from Tarun Sharma.

Union Transport Minister Nitin Gadkari pitches for priority sector lending for companies engaged in alternative fuels

Union Transport Minister Nitin Gadkari pitches for priority sector lending for companies engaged in alternative fuels

Mon, May 02, 2022

Union Transport Minister Nitin Gadkari on Monday argued for extending priority sector lending facilities for entities engaged in the production and business of alternative fuels.

Russian Deputy PM Alexander Novak discuss bilateral cooperation with Petroleum Minister Hardeep Puri; invites to invest in oil, gas sector

Russian Deputy PM Alexander Novak discuss bilateral cooperation with Petroleum Minister Hardeep Puri; invites to invest in oil, gas sector

Fri, Mar 11, 2022

The Russian Deputy Prime Minister Alexander Novak spoke to Hardeep Singh Puri, Minister of Petroleum and Natural Gas on Friday and discussed bilateral cooperation between the two countries.

Slew of products, starting with CNG and LNG planned: Ashok Leyland

Slew of products, starting with CNG and LNG planned: Ashok Leyland

Wed, Nov 24, 2021

Hinduja Group flagship Ashok Leyland has put in place a team to focus on alternate fuel technology that uses low carbon like CNG and LNG as part of its move towards building a green mobility future.

India asks Qatar to deliver cargoes not taken in 2015

India asks Qatar to deliver cargoes not taken in 2015

Wed, Oct 20, 2021

Petronet LNG Ltd, the nation's biggest liquefied natural gas importer (LNG), has asked Qatargas to deliver in 2022 the 50 cargoes that were deferred in 2015, its chief executive officer Akshay Kumar Singh said on the sidelines of the India Energy Forum by CERAWeek here

Sign of increased economic activity! India's refinery throughput recovers in Sep, LNG imports rising

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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