Liquefied Natural Gas
Liquefied Natural Gas News
Explained: Europe's looming energy crisis as Russia chokes gas supply
With the halt in the Nord Stream 1 pipeline, Russian gas shipments have fallen 89 per cent from a year ago. European officials say it's energy blackmail, aimed at pressuring and dividing the European Union as it supports Ukraine
India wants Qatar to lower gas price; Gulf nation refuses to reopen existing long-term supply contracts
India on Monday pressed its largest LNG supplier Qatar to lower the price of gas under the existing long-term supply contracts, a request that Doha turned down saying sanctity of contracts is important for the credibility of both sides
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
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
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.
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
Govt plans to launch natural gas trading hub by October, aims to create Indian gas benchmark
Oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has sought bids to hire a consultant to help develop a regulatory framework for operationalising the gas trading/exchange hub.
Undersea Iran-India gas pipeline, avoiding Pakistan, can bring cheaper LNG to India, says study
Former oil secretary T.N.R. Rao says LNG import through the Iran-India gas pipeline would cost $5-5.50 per mBtu, which is cheaper than domestic gas
India in talks with Japan, S Korea for purchasing liquefied natural gas
Natural gas currently accounts for about 8 percent of India's overall energy mix.
Pakistan likely to sign USD 2 billion LNG pipeline deal with Russia
Energy-starved Pakistan is likely to sign a USD 2 billion deal with Russia for laying a Liquefied Natural Gas (LNG) pipeline from Karachi to Lahore, a sign of increasing ties between the Cold War-era adversaries.
Oil ministry says natural gas output to rise 50% by 2018-19
India is world's fourth largest energy consumer with oil and gas constituting about 37.24 percent of primary energy consumption.
IOC plans to pump in $4 bn in British Columbia for liquefied natural gas
IOC signed a deal to buy 10 per cent stake inshale-gas assets and a linked liquefied natural gas (LNG) project in British Columbia.<br />