Himachal Pradesh Civil Supply and Consumer Affairs Minister GS Bali informed the state assembly that around 40 new gas agencies would be spread out in the far flung areas of the state under Rajiv Gandhi Yojana of the central government. The agencies would make LPG gas readily available in the rural areas at lower price. It is learnt that in far-flung areas people are forced to bear the heavy cost
Category: Oil & Gas
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GAIL books liquefaction capacity from Dominion
GAIL Global (USA) LNG LLC, the American subsidiary of state-owned GAIL (India), entered into a terminal service agreement with US-based Dominion to book a 2.3 mmtpa liquefaction capacity in the Cove Point LNG liquefaction terminal project at Lusby, Maryland. According to this agreement, Dominion would allow GAIL to use its Cove Point pipeline infrastructure for liquef
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MRPL may procure more oil from Saudi Aramco
Mangalore Refinery and Petrochemicals (MRPL) has is seeking additional 23,000 barrels per day (bpd) of crude oil supply from Saudi Aramco during April in order to compensate for the reduction in import from Iran. MRPL plans to stop oil imports from Iran in April if insurance cover is not available for their refineries. Indian insurance companies said they would not cover refine
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250 existing blocks said to have shale gas reserves
India is said to be having shale gas reserves in at least 250 existing oil and gas blocks. According to government estimates, a few basins in India together have a potential to produce 63 trillion cubic feet (TCF) of shale gas, while it has a total shale potential of close to 300 TCF. Experts say shale gas and oil reserves may be present in at least 11 more basins
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India’s natural gas import may rise
Reports indicate that India's dependence on import for natural gas may increase in the coming years because of the dwindling output from the Reliance Industries' KG D6 basin. Output at the KG-D6 basin declined to an all-time low of 17.3 million standard cubic meters per day (mmscmd) recently. Of this, about 15.2 mmscmd was suppl
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Minister discusses plan to set up pipeline in Kazakhstan
External Affairs Minister Salman Khurshid discussed a proposal of the country to build an oil pipeline in Kazakhstan during a meeting with Kazakh Foreign Minister Erlan Idrissov. According to media reports, the proposed pipeline may have to cover over 930 miles, making it longer than a long-planned pipeline from Turkmenistan
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IPPL unveils new terminal at Ennore
IndianOil-Petronas (IPPL), a Joint Venture between IndianOil Corporation and Petronas of Malaysia, unveiled LPG import-export terminal at Ennore, near Chennai. The terminal is said to be having an installed capacity of 600,000 tonne per annu and provision has been made to double the capacity. The new terminal would ensure not only increased LPG availability but also avoid
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OMCs to discuss plans to increase LPG distributors
M Nene, Director (Marketing) of Indian Oil Corporation (IOC) informed that oil marketing companies (OMCs) would discuss with the union oil ministry their plans to raise the number of LPG distributors. OMCs feel the need to increase the number of distributors across the country, going by the 2011 census. Indian Oil Corporation alone has 6,000 distributors as of now and the firm plans to raise it to 7,000
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OMCs reduce petrol price by 85 paise a litre
State-run Oil Marketing Companies (OMCs) reduced price of petrol twice in a span of 15 days since March 16. While they reduced petrol price by Rs 2 per litre (excluding VAT) on March 16, they again cut the price by 85 paise per litre from April 1. The OMCs also reduced the prices of non-subsidised domestic cooking gas by Rs 3 a litre. A 14.2-kg non-subs
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Govt resolves issues with RIL on CAG audit
Union Petroleum Secretary Vivek Rae informed reporters that the government resolved the audit issue pertaining to the operation of Reliance Industries (RIL)in the Krishna Godavari (KG) D6 basin. Speaking at the sidelines of a CII Annual General Meeting (AGM), Rae said RIL agreed to a Comptroller and Auditor General (CAG) audit on its operation in KG-D6 fi