GAIL (India) Limited, India’s largest pipeline operator, said it has taken a 5% stake in Indian Gas Exchange or IGX. It is not clear whether the investment is into fresh shares or whether the purchase is those of shares belonging to an existing shareholder. However, GAIL said it signed a share purchase and shareholders agreement […]
Within weeks of starting the first ever long-term LNG supply from the US, India opened up yet another source of natural gas with the arrival of the first LNG shipment from Russia. Russia is currently, world’s largest crude oil & second largest gas producer in the world. While, lndia is world’s 3rd largest energy consumer […]
Adani Ports and Special Economic Zone said it signed a long term agreement with Indian Oil Corporation (IOC) to provide Liquefied Natural Gas (LNG) regasification services on a use-or-pay basis at its upcoming LNG import terminal at Dhamra in Odisha. As per the contract, IOC has booked 3 million tonnes per annum (MTPA) regasification capacity […]
More than six years after an agreement was signed, US-based Cheniere Energy has started supplying liquefied natural gas or LNG to India. The first ship, Meridian Spirit, set sail from Louisiana and will reach Dabhol in Maharashtra by around 28 March, said GAIL, which is India’s largest gas supplier. Under the terms of the supply […]
Reliance Infrastructure Limited said it won two constructiong contracts in Bangladesh together valued at Rs. 5,000 crore. The contracts arer for creating a 750 MW LNG-based combined cycle power plant at Meghnaghat (Dhaka) while the second project is for building a 500 MMSCFD floating storage regasification unit (FSRU) based integrated LNG terminal project at Kutubdia […]
The demand for natural gas in India will increase to ~330 MMSCMD by FY 25, while the supply will increase by 60% to around 150 MMSCMD by FY 25, credit rating agency ICRA said. The increase in supply will be due to the likely commencement of GSPC’s Deen Dayal block and ONGC’s KG basin blocks […]
India’s LNG imports should more than double to 24 million tonnes per annum by 2020 from 10.7 million tonnes in FY2014, Moody’s investor service said, adding that this will benefit GAIL and Petronet NG the most. “The expected surge in imports of liquefied natural gas (LNG) will benefit the country’s leading LNG importer, Petronet LNG […]
Petronet LNG Ltd said it is offering value-added-services to enhance the utilization of the Kochi LNG terminal, which has been a big drag on the company’s finances. The 5 million tonnes per annum (mtpa) has been a major headache for the company as various infrastructure bottlenecks have prevented the terminal from raising utilization levels beyond […]
