Global LNG outlook 2024-2028
Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according
Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according
The acute scarcity of natural gas and high cost of imported LNG have taken a toll on Essar Energy’s power business, forcing the company to take the decision to convert two gasfired plants at Hazira and
Gujarat government company GSPC has asked the central government to approve its plans to sell natural gas from a field in KG basin at $13-14, three times the current gas price. Gujarat State Petroleum
Petroleum and Natural Gas Minister Veerappa Moily, on Tuesday, said various state-run companies in the oil and gas sectors had initiated talks with international players to buy as much as 20 million tonnes
Ennore Port will be able to lease 5.2 lakh sq m of land to a joint venture led by IOC for setting up a LNG storage and regasification plant at the port. This follows the Cabinet Committee on Economic Affairs
Domestic gas prices may be fixed at $2 lower than the $8.8-per-unit price discovered by the Rangarajan commitee constituted to suggest changes in the production-sharing contract and future domestic gas-pricing mechanism. Sources said the oil ministry agreed to the basic principle of gas pricing suggested by the panel, but wants it to be modified slighty to also take into account gas prices in countries such as Malaysia, Saudi Arabia, Qatar and Nigeria that account for a major portion of India's liquified natural gas imports.
Edited Proceedings of the 11th Petro India Conference organised by India Energy Forum and Observer Research Foundation. The creation of a new 'architecture' for regional cooperation in the area of energy
While rejecting the formula suggested by the Rangarajan Committee on gas pricing, the Finance Ministry has asked the Petroleum and Natural Gas Ministry to place before the Empowered Group of Ministers
Rs 60,352-cr impact on power, urea makers; FinMin comes up with its own formula Even before an empowered group of ministers starts deliberating on a revision in natural gas prices, the finance, power and fertiliser ministries have raised a red flag on the recommendations of the Rangarajan panel. Only the Planning Commission seems to be in agreement with the committee’s proposal to use a proposed formula as “an interim or transitional solution” till March 2017.
The proposal for the doubling of natural gas price made by the Rangarajan committee has the oil and power ministries at loggerheads. Sources said that the power ministry has held back its comments on the
The company finds hoards of buyers willing to pay a rate equivalent to what India pays to Qatar for importing LNG After Reliance Industries Ltd, GSPC, the firm floated by Narendra Modi government, plans to sell natural gas from its KG basin fields at imported LNG rate of $14.2 per mmBtu. In a nearly month-long, elaborate market price discovery exercise, Gujarat State Petroleum Corp (GSPC) found hoards of buyers willing to pay a rate equivalent to what India pays to Qatar for importing gas in its liquid form (LNG).