The CERAWeek India Energy Forum is underway in New Delhi; CNBC-TV18’s Nithya Balakrishnan caught up with Prabhat Singh of Petronet LNG and asked him about the status of the Kochi terminal project and other developments.
After getting Qatar and Australia to lower gas price, India is seeking to renegotiate rate of LNG(liquefied natural gas) it has contracted from the US and Russia to reflect current market realities, GAIL Chairman and MD B C Tripathi said on Wednesday.
India needs an overarching policy aimed at doubling the consumption of natural gas in the country’s energy mix to 15 per cent from the current 6 per cent
The recent gas price increase will improve the profitability of gas production operations of Oil India and ONGC, India Ratings said, while also benefiting transporter GAIL.
GAIL (India) shares jumped as the Petroleum and Natural Gas Regulatory Board (PNGRB) has proposed unified gas tariff for all pipelines.
Downstream oil and gas sector regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has called public consultations on a landmark proposal by gas transmission utility GAIL(India) to allow unified or pooled tariff for seven of its inter-connected cross-country pipelines.
The operation of Coal India’s Rs 7,700-crore fertiliser plant at Talcher in Odisha has hit a roadblock: Neither the company nor its partners have the technology needed to run it.
State-owned Oil and Natural Gas Corp may sell some of its stake in Indian Oil Corp and gas utility GAIL India to part fund its over Rs 32,000 crore acquisition of refiner HPCL, Chairman DK Sarraf said.
State-run gas utility GAIL is betting big on swap deals to keep the cost of liquid gas, imported under contracts signed during times of high global prices, competitive in the Indian market.
State-owned GAIL India today said it has swapped 60 per cent of the 5.8 million tonnes per annum of liquefied natural gas (LNG) it has contracted from the US as it rejigs supply portfolio in line with domestic demand.