The Energy Ministry is expected to get Tk 23 billion in the coming fiscal (2013-14), up by Tk 6.43 billion than the current fiscal (2012-13) year's Tk 16 billion, reports UNB.

Domestic gas prices may be fixed at $2 lower than the $8.8-per-unit price discovered by the Rangarajan commitee constituted to suggest changes in the production-sharing contract and future domestic gas-pricing mechanism.

Sources said the oil ministry agreed to the basic principle of gas pricing suggested by the panel, but wants it to be modified slighty to also take into account gas prices in countries such as Malaysia, Saudi Arabia, Qatar and Nigeria that account for a major portion of India's liquified natural gas imports.

The fertiliser ministry, in a note to the EGoM on domestic natural gas pricing, suggested that gas should not be priced more than $6 mmBtu.

New Delhi: Reliance Industries (RIL) may this month win approval for $1.45-billion investment for developing a natural gas find it has made in a Cauvery basin block off the Tamil Nadu coast several years ago.

RIL had made the only discovery in the CY-DWN-2001/2 block in 2007 and had submitted a Declaration of Commerciality (DoC) for the find, which was named D-35, in March 2010 after it carried out drilling of an appraisal well. But the DoC, a pre-requisite for developing any discovery, was never approved by the Directorate General of Hydrocarbons (DGH) which said the find was not viable at $4.2 per million British thermal unit (mBtu) gas price.

Even while trade and industry have been demanding the reopening of the GAIL pipeline project, citing the energy needs of the region, farmers are united against its unilateral implementation in its

Pakistan has discovered a new gas reserve in southern Sindh that would help reduce acute gas shortages for industry and transport, the petroleum ministry said Friday.

The Rangarajan committee report was facing flak from the finance, power and fertiliser ministries over its recommendations on pricing

The fate of the Rangarajan Committee's recommendations is hanging in the balance after the postponement of a meeting of empowered group of ministers (EGoM) on natural gas. Not only does there appear to be no meeting ground on the issue of a pricing formula proposed by the committee, the petroleum ministry wants another committee headed by Vijay Kelkar to look into the other major recommendation of moving to the revenue sharing model in exploration and production.

A US submission to UN-backed negotiations shows how a scaled-down global climate deal which falls short of a full treaty can be agreed in 2015.

Australia's coastline mining industry undergoing a boom as rules relaxed, but Unesco site to be protected under heritage rules

Draft of shale gas policy has been sent for inter-ministerial consultation-to ministry of finance, environment, law & planning commission. As the government is trying to finalise a shale gas policy, it wants to build in environmental safeguards into the overall framework.

The ministry of petroleum and natural gas is engaged in extensive consultations with the environment ministry to ensure that once the actual work starts there are no glitches. According to an official close to the development, the draft of shale gas policy has been sent for inter-ministerial consultation—to the ministry of finance, environment, law and planning commission.