The United States in certain cases will consider waivers for countries that need more time to wind down imports of oil from Iran as it seeks to avoid disrupting global oil markets while reimposing sanctions against Tehran, US Treasury Secretary Steven Mnuchin said.
The Indian government is likely to impose a safeguard duty (SGD) of 25 per cent on solar cells and modules imported from China and Malaysia for the coming two years, increasing the cost of more than 85 per cent of the solar capacity in the country.
Essar Oil & Gas Exploration and Production (EOGEPL), India’s largest coal-bed methane (CBM) producer, is under the government’s scanner for allegedly drawing gas outside its licensed area at Raniganj in West Bengal.
GAIL (India) announced that the Prime Minister Narendra Modi on 14 July 2018 dedicated to the Nation the Varanasi City Gas Distribution (CGD) network which will supply environment friendly natural gas to households, transport sector and industries in the city through the ‘Pradhan Mantri Urja Ganga’.
With Japan’s Nippon Life Insurance Company purporting to restrict new finance for coal plant projects regardless of their location, a group of environmental NGOs and experts on Saturday hailed the decision, saying it was aimed to strengthen commitment to the Paris Agreement to limit global warming to 1.5 degrees Celsius.
In a move that could make accounting simple for calculating royalties and auction prices of mines, the ministry of steel has made a case for subsuming both in the goods and services tax (GST).
The Indian Ambassador to the United States has exuded confidence that the two major issues of Iranian and Russian sanctions that have become an irritant in the Indo-US relationship would be sorted out soon.
The country’s liquefied natural gas (LNG) imports jumped 20 per cent year-on-year in the first half of this year on strong growth in demand, S&P Global Platts said on Thursday.
The global crude oil prices corrected sharply yesterday and a continued decline in the prices would serve well from India’s point of view given the massive surge in domestic crude oil imports in recent quarters.
Former vice president Hamid Ansari on Thursday said that Iran is not only an important energy partner for India, but it is much beyond that.