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Govt to extend Dabhol pipeline upto Mangalore

Govt to extend Dabhol pipeline upto Mangalore

The natural gas pipeline laid between Dhabol in Maharashtra and Bangalore would be extended up to Mangalore via Chitradurga, Union Minister for Petroleum and Natural Gas M Veerappa Moily said. The extension of the pipeline till Mangalore would enable the government to supply gas to domestic and commercial consumers in the coastal town. Moily said this while addressing a press

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Ministry receives request from GSPC on gas pricing

Ministry receives request from GSPC on gas pricing

Reports indicate that the union petroleum ministry received a request from Gujarat State Petroleum Corp (GSPC) to allow the latter to price the natural gas from its Deen Dayal West (DDW) gas field in block KG-OSN-2001/3 on par with imported LNG. According to the request submitted recently, the Gujarat government-owned firm wants the oil ministry to allow it to price its 5.24 million standard cubic meter per d

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GAIL aims transmission of 110 mmscmd of gas in FY14

GAIL aims transmission of 110 mmscmd of gas in FY14

According to a company statement, state-owned gas utility GAIL India agreed to aim transmission of 110 million standard cubic meter per day of natural gas through its pipeline network in 2013-14. The company aims to sell 84.05 mmscmd of gas during the year, according to the performance memorandum of understanding (MoU) signed by the company with the government

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GSPC may start production from KG basin block

GSPC may start production from KG basin block

By the middle of the year 2013, Gujarat State Petroleum Corp (GSPC) may start producing natural gas from the Deen Dayal (DD)-West gas fields in the Krishna Godavari basin (KG basin), media reports indicate. In mid-2005, the Gujarat government-owned GSPC announced a gas discovery at the DD-west block. Such

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Pakistan begins work on pipeline project

Pakistan begins work on pipeline project

Pakistan government began work on the $7.5 billion Iran-Pakistan gas pipeline project which would pass through Pakistan's restive Baluchistan province. It is learnt that the Iranian government almost completed work on its side. Now, the Pakistani gove

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Kotak mops up $90 mn to invest in infrastructure sector

Kotak mops up $90 mn to invest in infrastructure sector

According to an official statement, Kotak Mahindra Bank raised about $90 million in order to invest in companies engaged in industries like power generation and transmission, transportation. The amount, which is raised under the Core Infrastructure India Fund, would also be invested in water treatment and supply, waste management and gas transmission in

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Union budget may boost growth in infra sector

Union budget may boost growth in infra sector

Union Budget 2013-14 is expected to boost growth in the infrastructure sector as it has announced several new initiatives. For example, the budget proposed taking up two new cities -" Dholera in Maharashtra and Shendra Bidkin in Gujarat -" under the Delhi Mumbai Industrial Corridor Project. Finance Minister P Chidambaram said the government will provide additional funds for the project in 20

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GSPL expects recovery in volumes

GSPL expects recovery in volumes

Manish Sheth, Chief Financial Officer of Gujarat State Petronet (GSPL) expressed hope that the gas transmission volume of the company would recover once the global gas prices decline to some extent. In the last 11-12 quarter, the company has been witnessing fall in its volumes because of continuous fall in gas production from KGD6 basin. GSPL's transmission volu

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GSPL expects recovery in volumes

GSPL expects recovery in volumes

Manish Sheth, Chief Financial Officer of Gujarat State Petronet (GSPL) expressed hope that the gas transmission volume of the company would recover once the global gas prices decline to some extent. In the last 11-12 quarter, the company has been witnessing fall in its volumes because of continuous fall in gas production from KGD6 basin. GSPL's transmission volu