Owing to non-lucrative natural gas prices, Reliance Industries (RIL) relinquished two natural gas fields at the KG Basin, media reports indicate. After RIL discovered gas in the two blocks, it took them to the Directorate General of Hydrocarbons (DGH) to declare them commercially viable Ăâ declaration of commerciality, in jargon
Author: admin (Infratructure Today)
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IGL raises prices of PNG, CNG
Indraprastha Gas (IGL) raised the retail price of PNG (piped natural gas) and the compressed natural gas (CNG) owing to the recent steep appreciation of the dollar vis-a-vis rupee. The firm raised the price also because of the increased dependence on imported LNG, which raised its input cost of gas and necessitated the increase in retail prices of CNG and PNG. IGL said there has been a sharp depreciation of the rupee vis-vis dollar in the last one month
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Impact of gas price hike on other sectors
According to some estimate, an increase in the price of natural gas by $1 would result in fertiliser plants taking a hit of Rs 3,155 crore per annum for producing 23 million tonne (mn t) of urea in 2013-14 and Rs 4,144 crore a year for 32 mn t from 2017-18. As for the power sector, the the impact of every dollar increase in the price of natural gas would be about Rs 10,040 crore per annum for generating 28,000 mega watts power
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L&T Ramboll submits DPR for Rs 20 bn terminal project
L&T Ramboll has submitted the draft Detailed Project Report (DPR) for the proposed Rs 2,000 crore marine terminal for liquid cargoes at the Jawaharlal Nehru port near Mumbai. The port has twin berth liquid cargo terminal of BPCL and IOC with a capacity of 5.5 million tonne per annum. It will enhance this quantity to 30 million tonne per annum. The proposed terminal would cater to liquid cargo
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State govt acquires land for highway widening project
Karnataka government is reportedly in the process of acquiring land for the proposed six-laning of the Bangalore-Mysore highway, which is currently a four-lane stretch. The state Public works department would place the proposal for the project before the National Highways Authority of India (NHAI). The existing 4-lane stretch is not sufficient to carry about 70,000 vehicles that ferry through the route daily
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State govt acquires land for highway widening project
Karnataka government is reportedly in the process of acquiring land for the proposed six-laning of the Bangalore-Mysore highway, which is currently a four-lane stretch. The state Public works department would place the proposal for the project before the National Highways Authority of India (NHAI). The existing 4-lane stretch is not sufficient to carry about 70,000 vehicles that ferry through the route daily
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LEA makes suggestion on Hyderabad metro project
Consultancy firm LEA Associates recommended L&T Hyderabad Metro Rail to take up longer span works at junctions going up to 34 metre or about 112 feet with segmental construction. However, in cases where the length is more than 34 metre, such structures will have to be constructed on the site against pre-fabricated links and shifted for the project implementation
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Govt to offer 7 open cast mines to raise coal output
The government has proposed to offer seven Open Cast Mines of about 25 million tonne capacity to Mine Developer-cum-Operators (MDOs) by this year end to increase coal production. Besides this, 14 blocks for power and three for mining have been put on offer recently under Government Dispensation Route and allocation of these blocks will be completed shortly
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Experts suggest govt to liberalise pricing regime
Experts opine that the government must incentivise private companies to produce more natural gas by giving them freedom to fix market-linked price for the fuel. The liberal pricing regime in the US allowed companies to invest in new technologies in the oil and gas sector. The abundance of shale rocks in the Ame
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Experts suggest govt to liberalise pricing regime
Experts opine that the government must incentivise private companies to produce more natural gas by giving them freedom to fix market-linked price for the fuel. The liberal pricing regime in the US allowed companies to invest in new technologies in the oil and gas sector. The abundance of shale rocks in the Ame