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Showing of 1 - 20 from 83 results
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India's gas demand picks up gradually; relaxation in lockdown curbs help resume economic, industrial activities
Business

India's gas demand picks up gradually; relaxation in lockdown curbs help resume economic, industrial activities

An executive from India’s top gas importer Petronet also said there had been some recovery in demand compared to last month.

Coronavirus Outbreak: LNG importers invoke force majeure as gas demand slumps amid nationwide lockdown
Business

Coronavirus Outbreak: LNG importers invoke force majeure as gas demand slumps amid nationwide lockdown

India’s top gas importer Petronet LNG served a force majeure notice on Qatargas and is seeking delayed delivery of cargoes, two sources said.

India wants Qatar to lower gas price; Gulf nation refuses to reopen existing long-term supply contracts
Business

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

Over Rs 4 lakh cr investment in pipelines in gas infrastructure; next CGD bid round to be announced soon: Dharmendra Pradhan
Business

Over Rs 4 lakh cr investment in pipelines in gas infrastructure; next CGD bid round to be announced soon: Dharmendra Pradhan

The government is giving special impetus to develop gas infrastructure across the length and breadth of the country connecting North to South and East to West parts of India, he said.

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

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

PSU telco bailout package makes little sense, L&T stock prospects; all this and more on Moneycontrol Pro
Business

PSU telco bailout package makes little sense, L&T stock prospects; all this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations

India's energy trade with US to jump 40% to $10 bn in FY20: Oil Minister Dharmendra Pradhan
Business

India's energy trade with US to jump 40% to $10 bn in FY20: Oil Minister Dharmendra Pradhan

India's energy trade with the US is likely to jump by over 40 percent to $10 billion in 2019-20, as the world's third-largest oil consumer seeks to move away from its traditional suppliers in the Middle East, Oil Minister Dharmendra Pradhan said on Monday

Cabinet to consider splitting GAIL; pipeline business not to be sold before 2022
Business

Cabinet to consider splitting GAIL; pipeline business not to be sold before 2022

The Union Cabinet may by next month consider a proposal to hive off state-run gas utility GAIL (India) Ltd's pipeline business into a separate entity but its sale to a strategic investor may not happen before 2022, sources privy to the development said

French energy giant Total to buy 37% stake in Adani Gas; shares jump 18% after announcement of acquisition
Business

French energy giant Total to buy 37% stake in Adani Gas; shares jump 18% after announcement of acquisition

Total will buy up to 25.2 percent in Adani Gas from public shareholders at Rs 149.63 per share, representing an 8.7% premium to the stock’s last close

BPCL to invest Rs 1,500-1,700 cr in floating LNG terminal in Andhra Pradesh: Chairman D Rajkumar
Business

BPCL to invest Rs 1,500-1,700 cr in floating LNG terminal in Andhra Pradesh: Chairman D Rajkumar

Bharat Petroleum Corp Ltd (BPCL) plans to invest Rs 1,500-1,700 crore in building a floating liquefied natural gas (LNG) import terminal at Krishnapatnam in Andhra Pradesh by 2022, its chairman D Rajkumar said on Monday

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

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

Gail India CEO seeks more flexibility in US LNG contracts; firm in talks to acquire more supplies from 2024-25
Business

Gail India CEO seeks more flexibility in US LNG contracts; firm in talks to acquire more supplies from 2024-25

Gail India is in discussions with US gas exporters to acquire new LNG supplies from 2024-2025

Centre to spend Rs 70,000 crore for gas pipeline network in first phase; plans to expand grid to Myanmar via Bangladesh
Business

Centre to spend Rs 70,000 crore for gas pipeline network in first phase; plans to expand grid to Myanmar via Bangladesh

The Central government is promoting gas-based economy which needs a massive network of pipelines for transportation of natural gas to various corners of the country, he said.

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

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.

Shell expansion plan: Company to open 1,200 retail stations in India in 10 years, to create 1 lakh jobs
Business

Shell expansion plan: Company to open 1,200 retail stations in India in 10 years, to create 1 lakh jobs

In the initial stages of the decade, the company plans to open 150 to 200 retail stations, but slow it down at the end of the decade, he said

India seeks revision in gas price from $10 bn TAPI pipeline citing slump in energy markets
Business

India seeks revision in gas price from $10 bn TAPI pipeline citing slump in energy markets

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

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

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

Deepak Fertilisers' Q1 net up 10% at Rs 37.25 crore; total income grows 74% to Rs 2,226.19 crore
Business

Deepak Fertilisers' Q1 net up 10% at Rs 37.25 crore; total income grows 74% to Rs 2,226.19 crore

The fertiliser segment reported revenues of Rs 580.14 crore, compared with Rs 461.69 crore, with the segment profit standing at Rs 17.05 crore, against Rs 26.13 crore.

Petronet submits proposal to set up $1 billion LNG import facility in Bangladesh
Business

Petronet submits proposal to set up $1 billion LNG import facility in Bangladesh

Once Bangladesh government accepts the proposal, a formal pact will be signed between Petronet and Petrobangla