Bharat Petroleum Corporation Ltd (BPCL) plans to invest Rs13,000 crore in energy exploration and production in Mozambique and Brazil over the next four years.
Tag: LNG
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We want to be part of Indias industrial growth
In an exclusive interview, Luis-Miguel GutiTrrez, Office Director, KfW IPEX-Bank GmbH shares details on the bank´s growing interests in funding Indian infrastructure. Recently, Germany has shown interest in investing in the $90 billion Delhi-Mumbai Industrial Corridor (DMIC).
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Gangavaram Port to set up LNG terminal
The Infrastructure and Investment Department of the Government of Andhra Pradesh has accorded permission to Gangavaram Port to set up an LNG terminal in a joint venture with Petronet.
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American gas exports to India will be competitive
The US India Political Action Committee (USINPAC) is a bipartisan organisation working through economic diplomacy to impact policies concerning the Indian-American community in the US. Robinder Sachdev, Director of India Affairs, USIPNAC, speaks to Devarajan Mahadevan on the latest issues that the entity is trying to resolve between the two countries.
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RWE opens Indian office
German utility RWE has opened an office in Mumbai to strengthen the Asian presence of its trading subsidiary RWE Supply & Trading, focusing on coal, liquefied natural gas (LNG) and fertilisers. The new office was officially opened this month, adding to the trading division´s existing operations in Singapore and Indonesia.
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Joint LNG procurement
India and Japan, two biggest buyers of liquefied natural gas (LNG), will in next three months look at buying the fuel jointly so as to hammer down high prices. The two nations had in October last year agreed to carry out a joint study to examine ways to mitigate increasing import costs in Asia as well as to maintain stable supplies of LNG to the region.
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Railways to switch over to LNG
Indian Railways' Research Design & Standard Organisation (RDSO) is developing locomotive prototype which will run on LNG
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Railways mulls to switch over to LNG for its locomotives
Indian Railways' Research Design & Standard Organisation (RDSO) is developing locomotive prototype which will run on LNG. The Railways plans to build around 20 LNG-based locomotives once the prototype proves to be successful. The Railways expects to halve the operating cost of locomotives even at the current enhanced LNG prices.
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GAIL signs 3.83-lakh-cr US deal to source LNG for 20 yrs
For bringing in close to six million tonne of liquefied natural gas or LNG every year over a 20-year period beginning 2016-17, GAIL (India) has entered into a $60-billion (about Rs 3.80 lakh crore) deal with two US-based companies. GAIL is the first Asian company to buy liquefied natural gas from the US.
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India, Japan to conduct study on LNG pricing
In order to bring about rationalization of liquefied natural gas (LNG) prices in Asia Pacific, India and Japan would carry out a joint study on the matter. The study would focus right pricing of the fuel to secure long-term contracts at competitive rates. The proposal to conduct the study was mooted on the b