To combat climate change, the world is taking recourse to production of green and renewable energy like solar and wind, along with other forms of clean energies like hydro, biomass, natural gas and nuclear.
As States Agree To Cap Vat On Natural Gas At 5%, Uniform Petroleum Tax May Not Remain A Distant Dream
States have agreed to cap value-added tax (VAT) on natural gas at 5 per cent and lower it on other petroleum products such as petrol and diesel used by the manufacturing sector as an input.
India will offer larger areas with higher oil and natural gas reserves in the next auction of discovered fields later this year as Prime Minister Narendra Modi’s government seeks to curtail rising crude oil imports.
The US has given a grant to an Indian company to carry out a feasibility study in developing resources of coalbed methane, a clean-burning natural gas, in India.
The Union Cabinet today approved a Rs 3,000 crore project to acquire seismic data for prospecting of oil and natural gas reserves.
Sri Lanka has invited Petronet LNG to set up a liquid gas import terminal in that country, marking a major success for the Narendra Modigovernment’s energy diplomacy and signalling India’s emergence as a gas bridge for South Asia.
A 1,300-km undersea pipeline from Iran, avoiding Pakistani waters, can bring natural gas from the Persian Gulf to India at rates less than the price of Liquefied Natural Gas available in the spot market, proponents of the pipeline said on Tuesday.
Prime Minister Narendra Modi today held talks with Russian President Vladimir Putin and discussed ways for boosting bilateral trade and investment, especially in the oil and natural gas sector.
Australia’s AGL Energy Ltd said on Friday it has agreed to sell its north Queensland gas assets to a consortium of buyers including privately held Shandong Order Gas Co and Orient Energy Ltd.
Despite crude oil and natural gas prices remaining range bound, technological enhancements and lower production costs have come to the rescue of upstream oil and gas companies, according to industry players and analysts.