The Fertiliser Ministry has allowed swapping of natural gas from the KG-D6 reserve being supplied to Rashtriya Chemicals and Fertilizers (RCF) units located in Maharashtra with R-LNG, thereby facilitating an additional supply of 2.2 mmscmd to Andhra Pradesh and Telangana, according to an official release.
Tag: natural gas
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Reliance beats IOC in race to supply diesel to Railways
Public sector oil retailer Indian Oil Corporation has lost to Reliance Industries Ltd the contract for supplying diesel to the Indian Railways.
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Global gas prices converge
Global benchmark prices for natural gas have converged to their closest in five years, a trajectory created by a supply glut and an oil rout. That spells trouble for US and Australian projects coming online this year.
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Gas price in India to dip to $5 in 3 years
The new natural gas price of $5.61, which is already among the lowest in Asia Pacific, is likely to drop to around $5 per unit in three years due to the variables included in the formula, Goldman Sachs has said.
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India seeks to increase natural gas production India´s
Petroleum Ministry has forecast an estimated 75 per cent increase in natural gas production over the next five years.
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ONGC to invest Rs.5,219 cr for Daman gas project
Oil & Natural Gas Corporation (ONGC) said its board has approved a proposal to invest Rs 5,219 crore to enhance natural gas and condensate production from the Tapti Daman block in the Arabian sea.
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Landmark initiatives for energy efficiency
Dharmendra Pradhan, Union Minister of State for Petroleum and Natural Gas has launched three landmark initiatives for energy efficiency.
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Exploitation of CBM
The Minister of State (I/C) in the Ministry of Petroleum & Natural Gas, Dharmendra Pradhan said that in the Budget 2014-15 it is proposed to accelerate production and exploitation of coal bed methane (CBM) reserves.
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New oil & gas exploration norms
The Minister of State (I/C) in the Ministry of Petroleum & Natural Gas, Dharmendra Pradhan, said that to increase domestic exploration, the government has taken several policy measures such as New Exploration Licensing Policy,
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Mahanagar Gas mulls Rs 1,000 cr IPO next year
Mahanagar Gas, which supplies natural gas to Mumbai, is mulling an initial public offer (IPO) worth around Rs 1,000 crore. For giving a mandate for the public offer, the company expects a valuation of over Rs 6,000 crore and is in talks with banks.