Oil and Natural Gas Corporation (ONGC) intends to sell 15,000 standard cubic metre per day (scmd) of gas from the marginal gas fields in Gamij near Kheda. The public sector major will sell the 15,000 gas from the field for a period of five years. For this purpose, the state-run energy explorer invited fresh bids from interested gas consumers after facin
Tag: natural gas
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India envices interest in port, gas pipeline projects of Iran
During his recent visit to Iran, India's External Affairs Minister Salman Khurshid said his country is ready to participate in the Iran-Pakistan natural gas pipeline project and to invest in the development of the Iranian port of Chabahar. It may be recalled that originally, the project involved India, Pakistan and Iran and it was named Iran-Pakistan-India (IPI) or Peace Pipeline. However, in the cour
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Pricing formula of Kelkar panel, Rangarajan panel may be similar
Media reports indicate that the Vijay Kelkar committee, appointed to suggest pricing of natural gas, may offer a band of prices besides the formula arrived the committee under C Rangarajan, the Chairman of the Prime Minister's Economic Advisory Council. Reports also suggest that the price band may not differ substantially from the basic formula arrived at by the
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Pricing formula of Kelkar panel, Rangarajan panel may be similar
Media reports indicate that the Vijay Kelkar committee, appointed to suggest pricing of natural gas, may offer a band of prices besides the formula arrived the committee under C Rangarajan, the Chairman of the Prime Minister's Economic Advisory Council. Reports also suggest that the price band may not differ substantially from the basic formula arrived at by the
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Centre discourages gas-based power projects
Government of Karnataka requested for allocation of gas for two new gas based power projects at Bidadi Combined Cycle Power Project (CCPP) 1,400 mw (2x700) and Tadadi CCPP 2,100 mw (3x700) proposed for 12th Plan. The application was received by the union power ministry on October 29, 2010. This information was given by the Minister of State for Power Jyotiraditya M Scindia in Lok S
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Officials to discuss gas pipeline project
The extension of Iran-Pakistan natural gas pipeline to India would be discussed by the officials of the Indian and the Iranian governments, media reports suggest. It may be noted that Iran laid 900 km of the 1,600-km pipeline on its soil and both Iranian and Pakistani firms have undertaken the construction of the remaining part in Pakistan
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Firms await outcome of EGoM meet on gas allocation
Industry players are awaiting the outcome of the impending meeting of the empowered group of ministers (EGoM) to discuss the allocation and pricing of natural gas. During the meeting, the ministerial panel would discuss two separate proposals, one for raising prices of gas produced by blocks auctioned under new exploration licensing policy (Nelp) and the other for allocation of gas prod
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Kerala govt urges centre to introduce CGD in Kochi
Kerala Chief Minister Oommen Chandy asked the union petroleum ministry to fast-track the implementation of the City Gas Distribution (CGD) project in Kochi. Recently, Chandy asked the union oil Minister Veerapa Moily to take proactive steps to realise the CGD project. In the letter, Chandy ensured his government’s “support including single window clearance for the realis
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Kerala govt wants centre to introduce CGD in Kochi
Kerala Chief Minister Oommen Chandy asked the union petroleum ministry to fast-track the implementation of the City Gas Distribution (CGD) project in Kochi. Recently, Chandy asked the union oil Minister Veerapa Moily to take proactive steps to realise the CGD project. In the letter, Chandy ensured his government’s “support including single window clearance for the realisation of the projec
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ONGC produces 5.8% less oil in FY13
According to a performance report of state-owned Oil and Natural Gas Corp (ONGC), the firm produced 5.8 per cent less crude oil at 20.485 million tonne (mn t) in 2012-13 compared to 21.76 mn t achieved in the previous year. The report, which was submitted to the union oil ministry recently, also shows that the output was also shor