To export natural gas to Pakistan through a pipeline from its Punjab state, India is in talks with the neighbouring country to help it overcome crippling energy shortage. India's State gas utility GAIL has proposed to lay a 110-km pipeline from Jalandhar to Wagah border via Amritsar to supply natural gas to Pakistan, GAIL Chairman and Managing Director BC Tripathi has said.
Tag: natural gas
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Petronet plans to operationalise phase I of terminal project by Aug
According to media reports, Petronet LNG may operationalise its Phase-I of the natural gas terminal at Kochi by the end of August 2013. The company, which initially planned to commission the project during March 2013, faced several roadblocks.
Work on the project in the southern end of Vypin island
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Minister asks firms to invest in oil and gas sector
The Petroleum Minister for Petroleum and Natural Gas M Veerappa Moily has emphasised the need for greater investment in the oil and gas sector. He said this while addressing an Assocham Seminar on Indian Economy in the context of global energy scenario. The minister said the government was committed to deal with the energy security issues. It is in this context that the gas pricing formula was recently revised based on th
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RIL proposes $16-bn investment if pricing regime is favourable
An investment of $16 billion is proposed by Reliance Industries (RIL) on exploration and production of oil and gas in its fields in the next five years. The company expects to tap 3-4 trillion cubic feet (tcf) of gas through this investment. But the company feels that its investment would not be recoverable if the price calculated under the Rangarajan committee formula is
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BP chief suggests roadmap for gas pricing
Media reports indicate that Bob Dudley, Chief Executive of BP Group suggested the central government to prepare a clear roadmap for pricing of domestically produced natural gas in the country. Dudley feels introduction of a clear roadmap for gas pricing would attract more investment in the hydrocarbons secto
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Gas supply proposal for power plants may be discussed
The proposal to give power plants the same priority as fertiliser plants for supply of domestic natural gas would be discussed in an upcoming meeting of the Empowered group of ministers (EGoM). If the EGoM accords the same priority, existing and stranded plants would get natural gas to generate about 2,200 mw power
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GGL, VMC form JV for city gas distribution
GAIL Gas (GGL) and Vadodara Municipal Corporation (VMC) formed a join venture company which aims to double the number of piped natural gas (PNG) connections in the city in four years. The civic body and the gas distribution firm finalised the joint venture agreement recently and signed a share
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ADB to form company for TAPI project
By end-September 2013, the four nations involved in the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project agreed to form a company for implementing this purpose. All the four nations agreed to this at a recent meeting of the Steering Committee on the TAPI gas pipeline project in Ashgabat. The meeting was attended by Petroleum and Natural Gas Minister Veerappa Moily, Rashid Meredov, Depu
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Govt sticks to formula rather than any fixed price
Even as the union cabinet recently approved the hike in domestic natural gas price to $8.4 million metric British thermal unit (mmbtu) from April 2014, the government does not stick to any fixed price, some media reports indicate. According to these reports, the government has left the market condition to fix the price based on the formula proposed by the Rangarajan committee
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Department suggests cap on gas pricing under new regime
The department of expenditure of the union finance ministry suggested the oil ministry to fix a ceiling price for domestic natural gas under the Rangarajan formula. On June 27, the Cabinet Committee on Economic Affairs cleared the adoption of the Rangarajan pricing formula for domestic natural gas from April 2014. But while adopting this formula, the expenditure department suggested that gas producers should not be allow