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.
India’s Petroleum Minister Dharmendra Pradhan in an interview with a leading Indian daily said India sees U.S. sanctions on Iran as a “challenge” given its close ties with both the countries. His comments came a week before the scheduled visit of a U.S. delegation to India to discuss the issue.
Union Minister for Petroleum and Natural Gas Dharmendra Pradhan has said India sees the US sanctions on Iran as a ‘challenge’ given its close ties with both countries, but will take a ‘considered and comprehensive’ view
Indian cabinet on Wednesday approved establishment of two strategic petroleum reserves (SPRs) with a total capacity of 6.5 mln tonnes – interim finance minister Piyush Goyal
Saudi Aramco and ADNOC on Monday signed an MoU today to jointly develop and build an integrated refinery and petrochemicals complex at Ratnagiri in Maharashtra.
Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Thursday said there are plans to set up bio-Compressed Natural Gas (CNG) plants in India.
India today voiced its concern over high international oil prices with oil producers cartel OPEC and nudged it to move to responsible pricing that balances interests of both producers and consumers.