Centre overrules Gujarat govt firm's demand for $8.5 gas price

Last Updated: Wednesday, December 17, 2014, 16:02

The Centre has overruled Gujarat government-owned firm GSPC's demand for a gas price of USD 8.5 for its KG basin Deendayal field, saying the approved rate of USD 5.05 will apply on the company.

ONGC to use GSPC's under-sea infrastructure for KG find

Last Updated: Sunday, December 14, 2014, 12:33

State-owned Oil and Natural Gas Corp (ONGC) plans to use Gujarat firm GSPC's undersea infrastructure to bring gas from its KG-basin fields in Bay of Bengal to land.

GSPC to spend Rs 2,000 crore on gas terminal at KG-Basin

Last Updated: Monday, May 20, 2013, 13:35

The proposed terminal will process and supply gas from Deen Dayal West block in KG Basin in KG-OSN-2001/03.

GSPC seeks $14.2 per mmBtu price for KG basin gas

Last Updated: Tuesday, April 9, 2013, 19:18

After Reliance Industries Ltd, Gujarat government firm GSPC has sought imported LNG price of USD 14.2 per mmBtu for the natural gas it plans to produce from KG basin fields by year-end.

GSPC seeks $14.2 per mmBtu price for KG basin gas

Last Updated: Tuesday, April 9, 2013, 16:21

This price, the firm said, was arrived at through an arms length price discovery exercise it carried out for over a month with supervision of a neutral third party auditor.

BG firms up agreement to supply up to 2.5 MTPA LNG to GSPC

Last Updated: Wednesday, March 20, 2013, 20:22

Under the agreement, BG Group will supply state government owned Gujarat State Petroleum Corporation (GSPC) with up to 2.5 million tonnes per annum (MTPA) of LNG, concluding the negotiations announced in September 2011, a company statement said.

GSPC takes cue from RIL, seeks LNG price of KG gas

Last Updated: Monday, February 25, 2013, 17:47

Gujarat State Petroleum Corp Ltd (GSPC) wants to price gas that it will produce from Deen Dayal West (DDW) gas field in block KG-OSN-2001/3 by third quarter of 2013, at a minimum of USD 8.50 per million British thermal unit, excluding local taxes and margin.

Gujarat Gas to buy 1.1 mmscmd/day imported LNG from GSPC

Last Updated: Friday, December 28, 2012, 21:55

The company on Thursday "entered into an agreement with GSPC for the purchase of re-gasified LNG volume of up to 1.1 mmscmd for the period from January 2 to January 31 on a firm basis," GGCL said in a filing to the stock exchanges.

BJP refutes Manish Tewari`s allegations

Last Updated: Tuesday, December 4, 2012, 00:17

The BJP on Monday termed as "baseless and politically motivated" the allegations levelled by Union minister Manish Tewari.

Oil Min blocks PSUs buying Gujarat Gas stake

Last Updated: Wednesday, October 24, 2012, 17:35

Gujarat State Petroleum Corp (GSPC) going solo in acquisition of British energy major BG Group's stake in Gujarat Gas Co Ltd (GGCL) was a result of Oil Ministry blocking its PSUs from joining the Gujarat government firm.

GSPC raises Rs 3,000cr through bond markets to meet capex need

Last Updated: Wednesday, September 26, 2012, 13:02

Gujarat State Petroleum Corporation (GSPC) has raised Rs 3,000 crore through the bond market for meeting the capital expenditure requirement.

John Energy begins drilling programme at GSPC-GAIL's NELP VI

Last Updated: Tuesday, July 3, 2012, 15:57

GSPC-GAIL 'squd' the first well on June 10 using a 1000-hp John rig. It is targeting the Jodhpur sands formation and is likely to take up to 35 days to drill each well to 1,800 metres, prospecting for 'light oil'.