Petroleum Minister Dharmendra Pradhan will tomorrow open the second round of bidding for discovered oil and gas fields with 26 areas on offer, an official statement said. In the first round of bidding for Discovered Small Fields (DSF) last year, 134 bids were received for 34 blocks out of 46 on offer.
All the work related to issuing gas connections to BPL families in the state would be completed by October 2 this year, Haryana Minister Karan Dev Kamboj today said.
ETEnergyWorld reported that India’s crude oil production is expected to increase by a marginal 1 million tonne over the next 4 years through 2022, the oil ministry has said. This is despite Prime Minister Mr Narendra Modi’s call for reducing the country’s crude oil imports by 10 per cent by 2021-22.
India is planning to set up a liquefied natural gas (LNG) import terminal in Myanmar as it looks to expand energy diplomacy in its neighbourhood, Oil Minister Dharmendra Pradhan said today.
Taiwan’s state-owned CPC Corp has proposed to invest USD 6.6 billion in petrochemical projects in Paradip in Odisha using feedstock from IOC, Oil Minister Dharmendra Pradhan said today. A Taiwanese delegation today discussed investment in the petrochemical cracker and downstream units.
India’s natural gas production is expected to double to 72 billion cubic meter (bcm) in four years through 2022, the oil ministry recently told a Parliamentary panel. The government is currently working on a plan to shift the country towards a gas-based economy.
State-run GAIL will not be split but will have to hive off its transportation business into a subsidiary to reduce the conflict of interest that arises with the same entity housing both the functions of marketing and transport of natural gas, according to people familiar with the plans of the oil ministry.
The government is likely to expand the use of LNG as fuel for transport purpose, Union Petroleum Minister Dharmendra Pradhan said in Lok Sabha and also announced that his ministry is working on a programme to convert cow dung and farm waste to energy.
At $7 per million British thermal unit, India made the cheapest deal with Russia for purchasing LNG, which will save India Rs 9,500 crore. On June 4, the first-ever cargo of LNG from Russian supplier Gazprom arrived at Dahej in Gujarat.
India’s renegotiated gas import deal with Russia’s Gazprom will save between Rs 8,500 crore and Rs 9,500 crore over the contract period ending 2040, Oil Minister Dharmendra Pradhan said today.