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Saturday, Apr 20, 2024 | Last Update : 09:50 AM IST

Offers are due by January 15, a second source added.

Indian Oil Corp seeks six LNG cargoes for April-Dec delivery: sources

The refiner was seeking the cargoes on a delivered ex-ship (DES) basis, one of the sources said.

14 Jan 2020 11:00 AM

Total will buy up to 25.2 per cent in Adani Gas from public shareholders at 149.63 rupees per share, representing an 8.7 per cent premium to the stock’s last close and valuing the stake at 41.47 billion rupees (USD 585 million). It will also buy another 12.2 per cent stake from the Adani family at an undisclosed price, according to stock exchange filings.

Energy giant Total to buy 37 per cent stake in Adani Gas

Total is the third foreign oil major to enter India’s gas sector after BP Plc and Shell.

14 Oct 2019 3:29 PM

Oil minister Dharmendra Pradhan said energy is integral to achieving the target of early doubling the size of Indian economy to USD 5 trillion by 2024. (Photo: File)

USD 60 billion investment coming in gas infrastructure: Pradhan

Govt is giving special impetus to develop gas infrastructure across the length and breadth of the country, said the Oil Minister.

13 Oct 2019 6:25 PM

I always talk about EVs such as cars, bikes, and buses. Now, it has started naturally. There is no need to make it mandatory, said Union Minister Nitin Gadkari. (Photo: PTI | File)

No need to ban petrol, diesel vehicles; EVs picking up momentum naturally: Gadkari

If we run vehicles on electricity, it would be like cost of Rs 15 per litre of diesel, said Union Minister Nitin Gadkari.

23 Sep 2019 6:27 PM

Petronet LNG on Sunday evening in a regulatory filing said it had signed a "non-binding" MoU with Tellurian at Houston, USA. "The process is subject to due diligence and approval of respective Board of Directors," it had said. (Photo: File)

Petronet Board disfavoured USD 2.5 bn US LNG deal in Apr; signs non-binding MoU now

Petronet signed a MoU with Tellurian "wherein Petronet and its affiliates intend to negotiate the purchase of up to 5 mtpa of LNG.

23 Sep 2019 6:12 PM

Crude oil imports into India consumer declined 1.2 per cent from a year earlier to 19.34 million tonnes, but increased 14.6 per cent from the previous month. (Photo: File | ANI)

India's petrol imports in July hit highest in at least eight years

Petrol imports rose to 230,000 tonnes in July, the highest since PPAC data going back to 2011.

22 Aug 2019 2:59 PM

Oil minister Dharmendra Pradhan said transport remains the most demanding sector for oil and such a wide base of automobiles will need a combination of fuels.

No plan to completely ban petrol and diesel vehicles: Dharmendra Pradhan

NITI Aayog has reportedly proposed that after 2030, only electric vehicles should be sold in India.

17 Jul 2019 12:39 PM

Company is seeking bids for the short-term lease for LNG unloading, storage and reloading services at the 5 million mtpa.

Indian Oil issues tender for short-term lease of LNG storage tank

The terminal worth 51.5 billion rupees is India’s fifth, and the first to be located on the east coast in south India.

12 Jun 2019 10:25 AM

According to the report, a strong network of 15,000 CNG and 1,500 LNG stations by 2030 would have the potential to transform the Indian mobility scenario. (Representational Image)

Natural gas vehicles likely to account for 50 pc of total new sales by 2030: Nomura

As an automobile fuel, natural gas is a proven tech in providing better air quality, sustainability and eco-friendliness.

09 May 2019 5:56 PM

The US still hopes that the issue can still be resolved before the election and certainly after the elections. (Representational Photo)

US says India welcome to bring in serious trade proposals for discussion

Observing that trade is an area of frustration, the US has said that the door is open if India is prepared to bring a serious proposal.

16 Mar 2019 12:04 PM

India has 16,000 km of gas trunk pipelines in operation, and 13,000 km more approved and in various stages of construction, said Satpal Garg, a member of India’s downstream regulator, the Petroleum and Natural Gas Regulatory Board. (Representational Image)

India LNG demand journey to be shaky, slow due to infrastructure limits

Government aims to run all LNG terminals at full capacity by 2022 as it works to complete entire pipeline grid, said Oil Secretary MM Kutty.

15 Mar 2019 11:19 AM

The 5 million tonne per annum (MTPA) liquefied natural gas (LNG) import and regasification terminal, built by IOC at a cost of Rs 5,150 crore, was commissioned earlier this week.

Ennore LNG terminal to help IOC fast-track city gas project

Ennore LNG terminal is part of India's plan to raise share of natural gas in country's energy basket to 15 pc by 2030 from current 6.2 pc.

08 Mar 2019 2:41 PM

The price of Turkmen gas is more than double of the USD 3.6 per mmBtu rate paid for post natural gas producers in India.

India seeks revision in gas price from TAPI pipeline

TAPI pipeline is nearly 1,680-kilometers long, with 735-km in Afghanistan and nearly 800-km in Pakistan.

22 Aug 2018 10:42 AM

Over the past 5-6 months, LNG prices in Asia have increased by over 70 per cent, driven by rising imports from China, it said.

City gas cos likely to take a hit

“This, however, will have a bearing on the margins of CGD companies,” said Mayur Patil, associate director, Crisil Research.

03 Aug 2018 1:50 AM

GAIL had separately signed a deal with Royal Dutch Shell to sell about 0.5 MT of its US LNG.

GAIL to import only half of US LNG into India

GAIL has a deal to buy 3.5 million tonne a year of LNG for 20 years from Cheniere Energy of the US.

12 Apr 2018 1:35 PM

India's Petronet LNG aims to partner with ONGC Videsh in Qatar project

The project would be Petronet’s maiden venture into the natural gas exploration and production business and overseas LNG terminals.

11 Apr 2018 12:45 PM

Oil Minister Dharmendra Pradhan. (Photo: File)

Stressed upon developing transparent market for LNG: Pradhan

He adds competitive market for LNG is important for India as it imports 50 pc of gas need as LNG.

18 Oct 2017 11:17 AM

India will work with Japan to make long-term liquefied natural gas (LNG) import deals more affordable for its price-sensitive consumers. (File Photo)

India, Japan to team up to get more flexible LNG deals

India and Japan will also look at establishing LNG spot price indices that reflect true supply and demand.

12 Oct 2017 9:45 AM

India will buy an additional one million tonnes per annum of LNG from Australia's Gorgon project after it got Exxon Mobil Corp to cut prices. Photo: PTI

India to buy 1 mt Australian LNG more after Exxon slashed rates

Exxon will charge 12.5 per cent of prevailing Brent oil price for about 1 mt per annum of additional LNG.

11 Sep 2017 4:42 PM

The risk of price renegotiations will become more acute over the next couple years as spot LNG prices remain depressed.

ExxonMobil slashes 20-year LNG price to India in bad omen for producers

India has been aggressive in seeking cheaper deals, also renegotiating a contract with Qatar in 2015.

11 Sep 2017 12:24 PM

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