Liquefied Natural Gas

Petronet LNG shares surge 7% after company posts 90% jump in net profit in September quarter

Petronet LNG shares gained nearly 7 percent on Wednesday after the company reported nearly doubling of net profit in the September quarter on the back of improved margins

Shell exits city gas business in India, sells 10% stake in Mahanagar Gas Ltd for Rs 770 crore in open market

BG Asia Pacific Holdings (BGAPH), a wholly-owned subsidiary of Shell, sold 9.98 million shares in the company through block deals at Rs 780 apiece

Adani Group, France's Total join hands to set up retail network, LNG import terminal

Total, which had a few weeks back exited Royal Dutch Shell-led Hazira LNG import terminal in Gujarat, will join Adani in developing a 5 million tonnes a year import facility at Dhamra in Odisha.

Saudi Aramco signs 20-yr deal with US-based Sempra Energy to purchase liquefied natural gas

Saudi Aramco has entered into a 20-year agreement with U.S.-based Sempra Energy to purchase liquefied natural gas(LNG) from its subsidiary Sempra LNG, the two companies said on Wednesday

High oil prices hurt consumers, affect current account deficits of many countries: IEA chief Fatih Birol

The effect of high oil prices will be compounded in Southeast Asia as demand is rising fast but production is falling, resulting in the region becoming a net importer of oil, gas and coal, Birol said.

Govt looks to relax norms for setting up petrol pumps; keen on getting more private players into fuel retailing

State-owned oil marketing companies - IOC, BPCL and HPCL, currently own most of 63,498 petrol pumps in the country

Indian Oil Corp will invest Rs 20,000 cr in city gas projects in 5-8 years, says chairman Sanjiv Singh

IOC, which among all PSUs bid most aggressively in the latest city gas distribution (CGD) licences, is hoping to net licences to retail CNG to automobiles and piped natural gas to households and industries in about 20 cities

Renegotiated Gazprom LNG deal to save India up to Rs 9,500 cr, says oil minister Dharmendra Pradhan

GAIL renegotiated the terms of the 20-year deal to import 2.5 million tonnes a year of LNG, including price and volume ramp up

Gujarat State Petroleum Corp to commission Mundra LNG terminal in 2-3 months

Mundra will be the third import terminal in Gujarat to import super-cooled natural gas (liquefied natural gas or LNG) in cryogenic ships and then re-converting the liquid fuel into its gaseous state before transporting it by pipelines to customers.

India takes delivery of its cheapest LNG from Russia's Gazprom under $25 billion long-term deal

India received its cheapest LNG under a long-term deal as Russia began shipping natural gas at a delivered price of close to $7 per million Btu