With the Indian government aiming to set up a natural gas trading hub in the country, sector regulator the Petroleum and Natural Gas Regulatory Board (PNGRB) is seeking to appoint a consultant to help determine a regulatory mechanism for such a trading exchange.
NTPC, which has been allocated 10 coal blocks for captive mining, has already initiated a process of opening technical bids
ONGC Videsh, the overseas arm of India’s exploration and production (E&P) major ONGC Limited, will bid for natural gas exploration and development blocks in Lebanon.
India’s CoalMinistry has decided to adopt a more liberal approach to auctioning coal blocks as part of a strategy to open coal mining to the private sector.
The company, run by former coal trader Ivan Glasenberg, made a surprise eleventh-hour $3.5-billion bid for a huge patch of thermal coal-rich ground on Australia’s east coast controlled by Rio Tinto Group and Japan’s Mitsubishi Corp.
Adani will source 54 000 t of hardened rail from Arrium for its 400 km North Galilee Basin rail link from the proposed Carmichael coal mine to the Abbot Point port, in central Queensland
Oil and gas exploration and production (E&P) companies in India are seeking to have the natural gas pricing regime revised to allow for the setting of a minimum rate, as a sustained fall in prices is fast eroding the economic viability of operations.
Indian sponge iron or direct reduced iron (DRI) manufacturers are facing an acute shortage of iron-ore despite the government liberalising norms for the allocation of iron