Union Petroleum Minister M Veerappa Moily informed that state-run oil firms ONGC and Bharat Petroleum Corp (BPCL) would enter into a memorandum of understanding (MoU) for setting up a Liquefied Natural Gas (LNG) terminal at
Tag: LNG
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Minister mulls extending Dabhol-Bangalore pipeline
Union Petroleum Minister Veerapa Moily informed that his ministry was thinking of extending the Dabhol-Bangalore gas pipeline between Chitradurga and Mangalore. He said this after commissioning the 1,000 km long gas pipeline between Dabhol in Maharashtra and Bidadi near Bangalore. The pipeline was laid by GAIL at an inve
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Minister mulls extending Dabhol-Bangalore pipeline
Union Petroleum Minister Veerapa Moily informed that his ministry was thinking of extending the Dabhol-Bangalore gas pipeline between Chitradurga and Mangalore. He said this after commissioning the 1,000 km long gas pipeline between Dabhol in Maharashtra and Bidadi near Bangalore. The pipeline was laid by GAIL at an inve
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ONGC, BPCL to sign pact for terminal project
Union Petroleum Minister M Veerappa Moily informed that state-run oil firms ONGC and Bharat Petroleum Corp (BPCL) would enter into a memorandum of understanding (MoU) for setting up a Liquefied Natural Gas (LNG) terminal at Mangalore. The MoU would be signed in the next 15 days, the minister said after commissioning a Rs 4,500-crore pipeline from Dabhol LNG terminal to Bangalore set up by GAIL
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ONGC, BPCL to sign pact for terminal project
Union Petroleum Minister M Veerappa Moily informed that state-run oil firms ONGC and Bharat Petroleum Corp (BPCL) would enter into a memorandum of understanding (MoU) for setting up a Liquefied Natural Gas (LNG) terminal at Mangalore. The MoU would be signed in the next 15 days, the minister said after commissioning a Rs 4,500-crore pipeline from Dabhol LNG terminal to Bangalore set up by GAIL
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PwC India suggests tax benefits for oil & gas sector
PwC India has suggested the government to give some tax benefits to the oil and gas sector. Deepak Mahurkar, Leader Oil & Gas, PwC India recommended the government to make all petroleum sector transactions eligible for classical GST benefit. He proposed the government to include natural gas and coal bed methane in the 'mineral oil' category, in order to q
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Shell India mulls $1 bn investment in LNG terminal
In a joint venture with Anil Ambani Group firm Reliance Power, Anglo-Dutch oil giant Royal Dutch Shell is building a floating liquid gas (LNG) terminal off Kakinada in Andhra Pradesh. The company plans to invest $1 billion in the terminal project by 2014 as it bets big on gas retailing in the energy defici
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Shell India mulls $1 bn investment in LNG terminal
In a joint venture with Anil Ambani Group firm Reliance Power, Anglo-Dutch oil giant Royal Dutch Shell is building a floating liquid gas (LNG) terminal off Kakinada in Andhra Pradesh. The company plans to invest $1 billion in the terminal project by 2014 as it bets big on gas retailing in the energy defici
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Oil ministry proposes to adopt new gas price formula
Media reports suggest that the union petroleum ministry wants the government to adopt the pricing formula for natural gas proposed by the Rangarajan Committee. Specifically, the ministry wants the pricing formula to apply to all forms of natural gas - conventional, shale and coal-bed methane (CBM). Also, the ministry prop
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Ministry sends plan to set up Rs 43 bm LNG project
Union shipping ministry has reportedly sent a proposal to set up a Rs 4,320-crore integrated liquefied natural gas (LNG) terminal at Ennore, near Chennai to the cabinet for approval. It may be learnt that the project was approved by the shipping ministry recently. Indian Oil Corporation, which plans to construct the terminal, would receive a letter of award from the Ennore Port once the cabinet clears the proposal. Tamil Nadu