Jammu and Kashmir Governor NN Vohra signed the Ordinance which would allow state government to acquire land for the Rs 880 crore Bhatinda-Srinagar gas pipeline project. The project, which involves laying of the 750-kilometer gas pipeline from Bhatinda in Punjab to Srinagar via Jammu, is scheduled for completion in three years. Gujarat State Petronet Limited (GSPL) received contract for the project in June 2011
Tag: pipeline
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IOC to invest Rs 110 bn
The capital expenditure of Indian Oil Corporation (IOC) is pegged at Rs 11,000 crore during 2013-14.
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Environment ministry seeks details from GSPC
Union Ministry of Environment and Forests has reportedly asked Gujarat State Petroleum Corporation (GSPC) to submit details on certain critical environmental issues identified during laying of pipeline for its project in Andhra Pradesh. It may be noted that the company is laying pipeline for transporting natural gas from Deen Dayal West block in KG Basin in KG-OSN-2001/03
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Lack of infrastructure prevents IOC from investing in Canada
AMK Sinha, the director of planning and business development at Indian Oil Corp (IOC) informed reporters that lack of pipeline infrastructure in Canada is hindering the firm's investment plan in the country. Although the firm intends to invest in CanadaÂ’s energy sector to gain access to crude and natural gas exports, lack of infrastructure makes it very difficult, Sinh
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GAIL studies impact of tariff order
GAIL India is studying the impact of the recent tariff order by the Petroleum and Natural Gas Regulatory Board (PNGRB) on its financial position. Some reports indicate that the May 10 order of PNGRB may cause Rs 500 crore loss for the company. In its order, the downstream regulator retrospectively reduced the tariff charged by GAIL for its Krishna Goda
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India must sort out transit fee, pricing of gas
While the Indian government showed interest in the Iran-Pakistan natural gas pipeline project, it remains to be seen how it arrives at a consensus with Pakistan on the transit fees for using the pipeline. During his recent visit to Iran, Indian External Affairs Minister Salman Khurshid showed interest in the project. Reports from New Delhi also indicate that the Iranian Oil Minister Rostam Qassemi is scheduled to visit New Delhi som
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Gujarat Gas vulnerable to tariff control by PNGRB
Gujarat Gas received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the city gas distribution areas of Surat, Bharuch and Ankleshwar. The company filed tariff application with PNGRB for its transmission pipeline. However, owing to high ROE (return on equity) of over 30 percent, the company is vulnerable to tariff reduction from PNGRB, as was ordered for Indraprastha Gas. This is an operational performance risk, poin
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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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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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ONGC board approves Rs 11 bn turnaround project
P Lakshmi, Minister of State for Petroleum & Natural Gas informed the Lok Sabha that ONGC Board has recently approved a turnaround or reconstruction project in Bassein fields in its meeting held on March 20, 2013, at an estimated cost of $207 million (Equivalent to Rs 1,138.50) with scheduled completion by April 2015. Further, she said, with implementation of various rede