The much-awaited Rs 42,000-crore Barmer refinery in Rajasthan by state-run Hindustan Petroleum Corporation Ltd (HPCL) may get a fresh lease, as the ministry of petroleum and natural gas may sign a fresh memorandum of understanding with the Rajasthan government this week with revised fiscal package for the project.
India will build pipelines to carry diesel and natural gas to Bangladesh as the world’s third largest energy consumer looks to strengthen ties with the neighbour.
India on Friday marginally cut the natural gas price paid to producers to $2.48 per million British thermal unit (mbtu), according to an official notification.
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.
State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost.
Domestic coal gas can be used as a feedstock for producing urea and other chemicals that can help reduce the country’s import bill by $10 billion in five years and cut carbon emissions, a top official said.
India produced 2,738 million standard cubic meter (mmscm) of natural gas in January 2017, registering a growth of 12 per cent over the same month last fiscal
Petroleum and Natural Gas Regulatory Board becomes dysfunctional due to lack of replacements for retiring members
Lack of replacements for the retiring members in the past one and a half years has left Petroleum and Natural Gas Regulatory Board (PNGRB), the nation’s downstream regulator, with just one member, making the board dysfunctional that can potentially delay the latest round of award of rights to build pipeline in eight districts.
India has the potential to become a much larger producer and consumer of natural gas by 2022, according to a first-of-its-kind Congressional report.
India has the potential to become a much larger producer and consumer of natural gas by 2022 when it is expected to surpass China in terms of population, a first of its kind Congressional report on India’s natural gas said.