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
Category: Oil & Gas
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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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Govt postpones decision on gas pricing
Union Finance Minister P Chidambaram has stated that the Cabinet Committee on Economic Affairs on June 21 deferred a decision on domestically produced natural gas pricing. Chidambaram said that the Union Minister for Petroleum & Natural Gas, M Veerappa Moily had to go to Agartala and that's why the deferment. Hopefully, the government would like to take a decision next week when the Minister is back, Chidambaram said.
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Govt postpones decision on gas pricing
Union Finance Minister P Chidambaram has stated that the Cabinet Committee on Economic Affairs on June 21 deferred a decision on domestically produced natural gas pricing. Chidambaram said that the Union Minister for Petroleum & Natural Gas, M Veerappa Moily had to go to Agartala and that's why the deferment. Hopefully, the government would like to take a decision next week when the Minister is back, Chidambaram said.
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Govt’s nod to RIL to surrender SEZ in Haryana
The Union government has allowed Mukesh Ambani owned by Reliance Industries to surrender its special economic zone (SEZ) in Haryana. The decision to de-notify Reliance Haryana SEZ, a unit of RIL, was taken by Board of Approval (BoA), headed by Commerce Secretary SR Rao, in its meeting on June 12.
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Governor clears Ordinance for pipeline project
Jammu and Kashmir Governor NN Vohra signed the Ordinance which would allow state government to acquire land for the Rs 880 crore Bhatinda-Srinagar gas pipeline project. The project, which involves laying of the 750-kilometer gas pipeline from Bhatinda in Punjab to Srinagar via Jammu, is scheduled for completion in three years. Gujarat State Petronet Limited (GSPL) received contract for the project in June 2011
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Govt to release shale gas policy in 25 days
Union petroleum Minister Veerappa Moily informed that the government would announce policy on exploration and production of shale gas in the next 20-25 days. The petroleum ministry will finalise the policy once it receives comments from different ministries. Found in non-porous shale rocks, extraction of shale gas, which is a non-conventional natural gas, requires the fracking technology, similar to the extr
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Govt to release shale gas policy in 25 days
Union petroleum Minister Veerappa Moily informed that the government would announce policy on exploration and production of shale gas in the next 20-25 days. The petroleum ministry will finalise the policy once it receives comments from different ministries. Found in non-porous shale rocks, extraction of shale gas, which is a non-conventional natural gas, requires the fracking technology, similar to the extr
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Indian firms’ foreign investment trebles to $ 7.64 bn
During April, overseas direct investment by Indian companies trebled to $7.64 billion, from $1.89 billion in March. As many as 499 deals were carried out by the Indian companies during the first month of the current fiscal to carry out the outward foreign direct investment, data from the Reserve Bank showed on June 13. Bharti Airtel, ONGC Videsh, Suzlon Energy, GMR Infrastructure, Amtek Auto and Tractors and Farm Equipment were among the major companies that invested in their overseas arms durin
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Law ministry gives opinion on gas pricing
Government must adopt a single pricing, five-year stable regime for natural gas instead of a phased regime proposed by the petroleum ministry, union law and justice ministry said in its opinion. The petroleum ministry sought the suggestion of the law ministry on the proposal to shift to market-based pricing for domestically produced natural