The new natural gas price of $5.61, which is already among the lowest in Asia Pacific, is likely to drop to around $5 per unit in three years due to the variables included in the formula, Goldman Sachs has said.
Author: admin (Infratructure Today)
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E-toll system to save Rs.88,000 crore
The electronic toll (e-toll) collection system introduced in the country will help save Rs 88,000 crore and cut waiting time at toll plazas significantly, Road Transport and Highways Minister Nitin Gadkari has said.
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Arunachal Pradesh wants air hubs
Arunachal Pradesh has urged the Centre to develop airports and other ancillaries in the State in its new aviation policy. The matter was raised by the Arunachal Civil Aviation Minister Thangwang Wangham in a meeting for consultation of the Draft Civil Aviation Policy, convened by the Union Minister of Civil Aviation Ashok Gajapathi Raju in New Delhi.
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Govt seeks $137m from ADB for J&K
The Centre has signed agreements with the Asian Development Bank (ADB) for grants worth $136.8 million for infrastructure development in Jammu & Kashmir.
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Cabinet clears Land Acquisition ordinance
The Centre has recommended an ordinance to make significant changes to the Land Acquisition Act so as to fast-track projects in key sectors such as power, roads, defence and housing.
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ONGC makes 3 new oil & gas discoveries
Public sector major Oil and Natural Gas Corp (ONGC) has announced that there have been three new oil and gas discoveries in one each of the Krishna-Godavari Basin, Cauvery basin and Mumbai offshore, which allows an interim dividend of 100 per cent to its shareholders.
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HPCL opens pump at worldĂ´s highest motorable road
State-owned Hindustan Petroleum Corp Ltd ( HPCL ) has opened a petrol pump at the worldĂ´s highest motorable road in Leh to make available fuel to the remotest part of Jammu and Kashmir.
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Oil India signs contract for two oil blocks in Myanmar
Oil India Ltd, the second largest State explorer, has signed a contract for two offshore oil and gas blocks it had bagged in Myanmar. OIL along with its consortium partners signed a production sharing contract (PSC) with Myanmar Oil and Gas Enterprise (MOGE) for two offshore blocks M4 and YEB at Nay Pyi Taw, the company said in a statement.
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RIL makes Mexico foray
Reliance Industries Ltd (RIL) has signed an agreement with MexicoĂ´s State-owned Petroleos Mexicanos (Pemex) for investment in the exploration and refinery sectors in that country.
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Centre overrules GSPCĂ´s demand for $8.5 gas price
The Centre has overruled Gujarat government-owned firm GSPCĂ´s demand for a gas price of $8.5 for its KG basin Deendayal field, saying the approved rate of $5.05 will apply to the company.