Category Archives: OilGas
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Asian LNG prices drop for second straight week on mild winter
Posted on December 6, 2019 by Diligentia News in OilGas.Asian spot prices for liquefied natural gas (LNG) dropped for a second consecutive week as supply flooded the market, overshadowing demand subdued by a winter that has been milder than average. The average LNG price for January delivery into northeast Asia is estimated to be about $5.50 per million British thermal units (mmBtu), down 10 […]
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Petronas’ India growth roadmap looks beyond oil, toward renewables, LNG
Posted on December 6, 2019 by Diligentia News in OilGas.India’s growing urgency to embrace cleaner fuels has prompted Petronas to chalk out a growth strategy that leans towards environment-friendly energy such as LNG and renewables, as New Delhi aims to encourage companies that can help speed up the country’s energy transition plans. While the Malaysian oil and gas firm is actively looking at partnership […]
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Let us see who buys BPCL, that will give a clue where the scandal lies: P Chidambaram
Posted on December 6, 2019 by Diligentia News in OilGas.Former Finance Minister P Chidambaram on Thursday trained his guns at Prime Minister Narendra Modi over his silence on economic slowdown and termed the government an “incompetent manager of the economy”. He also described the disinvestment of Bharat Petroleum Corporation Ltd (BPCL) as a “scandal”. Chidambaram also said that the Congress will oppose the Citizenship […]
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Gail India offers up to 10 LNG cargoes for loading from US: Sources
Posted on December 6, 2019 by Diligentia News in OilGas.Gail (India) has offered up to 10 liquefied natural gas (LNG) cargoes for loading in the United States over early 2020 to early 2021, two industry sources said on Thursday. The cargoes are being offered on a free-on-board basis from the Sabine Pass and Cove Point LNG plants, one of the sources said. Share This
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H-Energy now expects Jaigarh LNG import terminal in India to launch in first quarter 2020
Posted on December 6, 2019 by Diligentia News in OilGas.Indian natural gas company H-Energy Pvt Ltd expects its liquefied natural gas (LNG) import terminal at Jaigarh to start operations in the first quarter of 2020, Rahul Tiwari, H-Energy’s senior LNG trader,told a conference on Thursday. The terminal, which is a floating storage and regasification unit (FSRU), and will be India’s first, has been delayed […]
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Oil minister sees jet fuel, gas under GST soon to improve business climate
Posted on December 6, 2019 by Diligentia News in OilGas.Oil minister Dharmendra Pradhan on Thursday hoped that finance minister Nirmala Sitharaman will in her Budget set the tone for bringng jet fuel and natural gas under the GST regime to reduce multiplicity of taxes and improve the business climate. “Our expectation is that in the coming Budget, ATF and natural gas is included in […]
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Dharmendra Pradhan asks oil ministry, PSUs to explore hydrogen fuel feasibility
Posted on December 6, 2019 by Diligentia News in OilGas.Oil minister Dharmendra Pradhan on Thursday instructed the ministry officials and heads of the three oil and gas public sector undertakings (PSUs) to explore the feasibility of using hydrogen as a fuel in the Indian ecosystem by collaborating with experts and holding workshops as a starting point. The minister was inspecting an electric vehicle (EV) […]
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India to get $60 bn funding for gas infra; demand to triple for achieving 15% share in energy pie: Pradhan
Posted on December 5, 2019 by Diligentia News in OilGas.Oil Minister Dharmendra Pradhan today said that India’s natural gas sector will witness $60-billion investment in the coming days and added that the country will require 600 million standard cubic meter per day (mmscmd) of gas in order to push its share to 15 per cent in the energy basket. “If in the coming years […]
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India’s Petronet LNG says in talks with several firms on deals
Posted on December 5, 2019 by Diligentia News in OilGas.India’s top gas importer Petronet LNG has been in talks with several companies including U.S.-based NextDecade LNG on deals for liquefied natural gas (LNG), said Vinod Kumar Mishra, Petronet’s head of finance, on Thursday. Mishra said Petronet is in the process of appointing a consultant to help guide the company to sign deals to buy […]
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Adani Gas sells large stake to Total
Posted on December 5, 2019 by Diligentia News in OilGas.Total and Adani have signed definitive agreements to deepen their partnership to supply and market natural gas in India. Total will acquire a 37.4% stake in Adani Gas for ₹61 billion (US$864 million). The acquisition forms the largest foreign direct investment in India’s city gas distribution sector. On the significant aspects of the deal, Cyril […]
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