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LNG News

12 Sep 2021

CNG, piped cooking gas price could get expensive by 10-11%

The city gas distributors (CGD) "would have to make price hikes of 10-11 per cent in October," ICICI Securities said. The government-dictated gas price is set to rise by about 76 per cent. The rate for gas from deepwater fields such as KG-D6 of Reliance Industries Ltd and BP Plc would rise to USD 7.4 per mmBtu next month.

22 Sep 2019

India's Petronet signs MoU with Tellurian for 5 million tonnes of LNG

As per the MoU signed between the two companies, Petronet and its affiliates will negotiate the purchase of up to five million tonnes annually of LNG from Driftwood.

20 Jun 2019

OVL, partners agree to invest $20 bn in Mozambique LNG project

The project will initially consist of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum. Feedgas will come from the Golfinho/Atum field in Offshore Area 1.

06 Jun 2019

India's green vision to see full duty exemption on LNG

Petroleum Ministry officials said they are hopeful that this cut would be included in the Union Budget 2019-20 proposals to be presented in Parliament this July. The matter has already been discussed with the Finance Ministry.

India rating and research

03 Oct 2017

Gas price hike will benefit producers by Rs 1,300 crore: Ind-Ra

The gas price for the April-September period was $2.48 per mbtu, and the ceiling for gas from difficult fields was $5.56.

26 Sep 2017

Rpower 750MW LNG proj to achieve financial closure in FY18

Reliance Power has signed an MoU with the Bangladesh government to develop 3,000 MW LNG project in Meghnaghat and 500 mmscfd LNG Terminal at Qutubdia Island in Bangladesh.

21 Jun 2017

Poland refuses `poor quality` Russian gas

Poland currently relies on Russia for about 40 percent of its gas, with a third coming from domestic sources and 20 percent from central Asia.

04 Apr 2017

Qatar restarts development of world's biggest gas field after 12-year freeze

Qatar has lifted a self-imposed ban on development of the world`s biggest natural gas field.

Indian Oil Corp Ltd

21 Sep 2016

Indian Oil, GAIL to take 49% stake in Adani Group's Dhamra LNG project

State-owned refiner Indian Oil Corporation (IOC) and gas utility GAIL India Ltd Wednesday signed pacts to take 49 percent stake in Adani Group's Rs 6,000-crore Dhamra LNG project in Odisha.

05 Sep 2016

Petronet LNG net up 55% at Rs 377.86 crore in June quarter

New Delhi: Petronet LNG Ltd posted a nearly 55 per cent jump in its standalone net profit at Rs 377.86 crore for the quarter ended June 30, 2016.

24 Jul 2016

IOC in talks to buy GSPC's stake in Mundra LNG terminal

Indian Oil Corporation (IOC) is in talks to buy debt-laden Gujarat State Petroleum Corp's (GPSC) stake in the under-construction Rs 4,500 crore Mundra LNG import terminal in Gujarat.

11 Jul 2016

Petronet LNG plans $3 billion investment push overseas

India's biggest gas importer Petronet LNG aims to spend up to $3 billion in the next five years to expand overseas, setting up terminals in Bangladesh and Sri Lanka among other countries, its managing director said.

02 May 2016

Reconsider ban on diesel cabs: Govt to Supreme Court

The Central government on Monday requested the Supreme Court to reconsider its decision to ban diesel cabs.

30 Mar 2016

Kuwait signs $2.9 billion gas facility deal with Korean firms

Kuwait Tuesday inked a USD 2.93 billion contract with three South Korean firms for the construction of the largest Liquefied Natural Gas (LNG) import facility in the oil-rich country.

Shipping Coporation of India

20 Mar 2016

SCI cautious, plans only Rs 700 crore capex in FY'17

The LNG project is the USD 1.2-billion order from state-owned GAIL for chartering nine LNG vessels.

22 Dec 2015

GAIL extends bidding deadline for USD 7-billion LNG carriers

State gas utility GAIL India has extended last date of bidding for its USD-7 billion tender for hiring nine newly built ships for ferrying LNG from the US by over two months to allow Indian shipyards to tie up technology for building the specialised vessels.

14 Dec 2015

Shell wins Chinese clearance for BG takeover

Energy major Shell`s vast takeover of British rival BG Group has won approval from the Chinese government, it said Monday.

23 Nov 2015

Qatar to waive $1 billion penalty on India for lower gas offtake

In a significant development, Qatar has agreed to waive USD 1 billion penalty on India for breaking a long-term LNG contract, and has also consented to change the pricing formula to reflect the slump in global energy rates.

29 Oct 2015

India asks Qatar to cut gas price in line with global slump

India has asked its largest liquefied natural gas (LNG) supplier Qatar to cut prices to match a 40 percent slump in global rates as well as waive penalty for not buying all of the contracted fuel.

01 Oct 2015

China to build $2.5 bn worth LNG terminal, gas pipeline in Pakistan

China will soon start construction of a USD 2.5 billion terminal for liquefied natural gas (LNG) in the restive Balochistan province and the Iran-Pakistan gas pipeline under the ambitious China-Pakistan Economic Corridor project, a senior official has said.

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