After GAIL tender fails, Samsung to build LNG carrier at Kochi

Last Updated: Wednesday, May 6, 2015, 17:36

Indian shipyards will have to forge a binding technical collaboration with foreign shipyard which will transfer LNG shipbuilding technology.

GAIL to stop LNG imports at Dabhol till October

Last Updated: Sunday, May 3, 2015, 13:36

The terminal cannot receive shipments in the choppy monsoon seas in the absence of a breakwater, so it can currently import a maximum of only 2.25 million tons a year.

Shell to raise Hazira LNG plant capacity by 50% in 2016/17

Last Updated: Tuesday, April 28, 2015, 20:05

Hazira LNG Ltd will expand the capacity of its liquefied natural gas (LNG) terminal on the west coast by 50 percent to 7.5 million tonnes per annum (mtpa) in the fiscal year to March 2017, a government panel report said.

India asks Qatar to lower LNG price to match global slump

Last Updated: Monday, April 27, 2015, 14:59

India buys 7.5 million tonnes a year of LNG on a long-term 25 year contract, indexed to a moving average of crude oil price.

Petronet MD & CEO selection process to start afresh

Last Updated: Saturday, April 25, 2015, 16:32

The selection of a new head of India's biggest LNG importer, Petronet LNG will start afresh after a headhunting panel failed to arrive at a consensus on candidates.

Russia to invest $2 bn to build pipeline in Pakistan

Last Updated: Saturday, April 18, 2015, 14:53

Russia will invest a whopping USD 2 billion in Pakistan to build a 1,100-kilometre pipeline from southern port city of Karachi to Lahore to transport liquefied natural gas.

Petronet offers 'gassing up' services at Kochi terminal

Last Updated: Sunday, April 12, 2015, 13:45

After leasing out storages at its under-utilised Kochi terminal, Petronet LNG has started offering services to LNG ships in a bid to generate revenue from different streams to tied over losses.

Royal Dutch Shell acquires BG Group for $70 bn

Last Updated: Wednesday, April 8, 2015, 21:15

In the biggest oil and gas deal in a decade, Royal Dutch Shell on Wednesday announced acquisition of smaller British rival BG Group Plc for about USD 70 billion to create the world's largest independent producer of LNG.

Cabinet approves gas pooling for fertiliser sector

Last Updated: Tuesday, March 31, 2015, 21:03

The Cabinet on Tuesday approved a proposal to pool or average out prices of domestic natural gas and imported LNG used by fertiliser plants to make the cost of fuel uniform and affordable.

Prabhat Singh, PK Bajpai among 13 in race to head Petronet LNG

Last Updated: Sunday, March 29, 2015, 15:22

A Search Committee will hold interviews to select the new MD and CEO tomorrow, industry sources said.

Private power firms to get up to Rs 7,500 cr subsidy in 2 years

Last Updated: Thursday, March 26, 2015, 17:38

A subsidy of up to Rs 7,500 crore will be provided to private power companies in the next two years as part of the scheme approved by the Cabinet to revive 31 electricity generating units stranded for want of gas.

RIL counters govt assertion on idle power plants

Last Updated: Thursday, March 26, 2015, 17:19

Reliance Industries has countered government's assertion that power plants were lying idle due to fall in output from its KG-D6 fields, saying most of these units were built much before the fields were even discovered.