The Government of India has announced plans to operationalize gas-based power plants across the country in response to the anticipated surge in electricity demand during the upcoming summer season. This
The much-talked about Indo-Iran JL gas pipeline project has been on the backburner for sometime now. However, there are alternative projects that are being explored, one such being the Turkmenistan-Afghanistan-Pakistan-India (tapi) pipeline.
SYDNEY: The $12 billion bid by BG Group of Britain for Origin Energy of Australia has put the Australian government, which must sign off on any deal, in a political and diplomatic quandary. BG has made a nonbinding cash offer for Origin that values the company at 14.70 Australian dollars, or $13.80, a share, a 40 percent premium to its Tuesday closing price. Origin had yet to formally respond to the approach, issuing nothing more than a noncommittal acknowledgment to the Australian Securities Exchange.
Experts from home and abroad asked Bangladesh on Wednesday to mine its huge coal reserves before its fast depleting natural gas reserves run out. They however urged the country to tap the resource carefully to avoid human tragedies associated with coal mining. The heavily populated Asian country faces a serious energy crisis, with lack of gas to produce electricity. The crisis is set to worsen by 2011 when its gas reserves could run out and attention is increasingly turning to its vast coal resource.
Reliance Industries is all set to acquire 78 per cent equity in the Krishna Godavari Gas Network Limited which will develop city gas distribution network across the state. In the first phase, the company would supply gas through pipelines to different categories including the domestic sector in 43 municipalities.
Gas pipeline from Iran is a high-stakes game by Bhagyashree Pande The scramble for oil resources poses a unique challenge to Indian oil diplomacy. It requires us to explore new engagements or alternatively imbue traditional political relationships with a new, hydrocarbon-related value, according to Talmiz Ahmed, the present Ambassador to Abu Dhabi, who has worked as an Additional Secretary in the Petroleum Ministry.
With India having spurned U.S. advice on dealing with Iran, the one-day visit of Iranian President Mahmoud Ahmadinejad to New Delhi on April 29 will have energy as the focus. The pending $22 billion LNG deal, the $7.4 billion Iran-Pakistan-India pipeline and exploration and production joint ventures in Iran will top the high-level talks between the two countries. Mr. Ahmadinejad's visit comes at a significant time when India is working aggressively in the world theatre to acquire oil and gas assets in an attempt to meet its growing demand for energy.
The United Progressive Alliance government has done well to join the Turkmenistan-Afghanistan-Pakistan-India pipeline sponsored by the Asian Development Bank. But it should guard against the temptation of viewing the project as a substitute for the proposed Iran-Pakistan-India (IPI) pipeline. Given high global oil prices and its growing energy needs, India needs all the gas it can get.
Govt to announce hiked gas-run vehicle fares soon Frequent power cuts disrupt operations of a CNG filling station at the city's Moghbazar intersection yesterday. The queue of vehicles, however, stretched up to Ladies' Club on Eskaton Garden Road. Photo: STAR Ending a four-year hiatus, the government has almost doubled the price of Compressed Natural Gas (CNG). Raised to Tk 16.75 from Tk 8.5 a cubic metre, the new rate takes effect today.
The Petroleum Ministers of Turkmenistan, Afghanistan, Pakistan and India signed an agreement on Thursday for the $7.6 million-TAPI gas pipeline project, describing it as "financially and economically viable' despite the escalation in costs since the time it was first proposed. Two-day deliberations
Pakistan, India, Turkmenistan and Afghanistan on Thursday agreed to start construction of a gas pipeline project involving the four nations in the year 2010. Ministers from all four countries had earlier held a two-day discussion starting on Wednesday to finalise the modalities. The second meeting of the technical working group of the four countries was held on Thursday before a joint press conference by the four ministers. The discussions were facilitated by a team of the Asian Development Bank (ADB) led by country director Peter Fedon.
