Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …
First vessel carrying natural gas berths at Petronet LNG terminal in Kochi Kerala made a historic leap in the energy sector on Tuesday with the vessel carrying natural gas from Qatar docking at the Petronet LNG terminal at Puthuvype near here. Wilenergy, the LNG carrier laden with 123,000 cubic metre …
This, after PIL seeks rethink on govt's decision on gas pricing based on Rangarajan formula The Supreme Court today sought a response from the Centre and Reliance Industries on a public-interest litigation (PIL) filed by CPI leader Gurudas Dasgupta and former power secretary EAS Sarma. The matter is scheduled for …
The All Pakistan Textile Mills Association (Aptma) and the Punjab government have agreed to set up large power plants in Karachi to produce 3,000 megawatts of electricity through coal. Aptma members would not only be the shareholders of these plants by investing equity but also be end consumers of the …
Expert Appraisal Committee defers EC, CRZ clearance till final decision by MoEF on allegations While the Gujarat government seems optimistic on commencing operation of LNG terminal at Mundra by 2016, GSPC LNG Ltd, a joint venture between state-owned Gujarat State Petroleum Corporation (GSPC) Ltd and Adani Group, for setting of …
GAIL (India) will be the first Indian company to import shale gas after receiving a waiver from the US department of energy (DoE), whose permission is needed for oil and gas exports to countries that don't have a free trade pact with the United States. The first-ever authorisation to export …
Cabinet nod to Rangarajan formula; price fixed at $8.4/mBtu The Cabinet Committee on Economic Affairs (CCEA) on Thursday decided to double the price of domestic natural gas, from $4.2 to $8.4 a million British thermal unit (mBtu), from April next year - a decision that might hit the power and …
New Delhi : IN what could spur stagnant domestic production of natural gas, reduce the dependence of power and fertiliser companies on imports of expensive LNG and ease the subsidy burden on the fisc, the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved hiking gas price to $8.4/mmbtu from …
Prices could double by 2014 leading to hike in power tariff and fertilizer cost Despite opposition from within the Cabinet and outside, the Manmohan Singh government on Thursday approved a doubling of natural gas prices from the present $4.2 mbtu to $8.4 mbtu from April 1, 2014. Many experts feel …
The row over the proposed increase in natural gas prices is set to flare up because the petroleum ministry has admitted that the producer price in the new regime starting April 2014 would be at least $8.55 per million British thermal units and not $6.77 per mBtu as indicated earlier. …
The Cabinet is likely to take a call on the revision in natural gas prices on Thursday The incremental revenue for every $1 rise in natural gas prices would be Rs 706.7 crore, while the government would suffer a subsidy loss of Rs 3,155 crore on fertiliser, according to a …
The acute scarcity of natural gas and high cost of imported LNG have taken a toll on Essar Energy’s power business, forcing the company to take the decision to convert two gasfired plants at Hazira and Bhander in Gujarat into coal-based units. However, the company’s oil and gas business has …
Gujarat government company GSPC has asked the central government to approve its plans to sell natural gas from a field in KG basin at $13-14, three times the current gas price. Gujarat State Petroleum Corp (GSPC) on June 10 wrote to oil secretary Vivek Rae seeking early approval to an …
Petroleum and Natural Gas Minister Veerappa Moily, on Tuesday, said various state-run companies in the oil and gas sectors had initiated talks with international players to buy as much as 20 million tonnes (mt) a year of LNG. “India has now become fifth largest importer of LNG after Japan, South …
Ennore Port will be able to lease 5.2 lakh sq m of land to a joint venture led by IOC for setting up a LNG storage and regasification plant at the port. This follows the Cabinet Committee on Economic Affairs approving the proposal at its meeting here on Thursday. The …
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 …
Edited Proceedings of the 11th Petro India Conference organised by India Energy Forum and Observer Research Foundation. The creation of a new 'architecture' for regional cooperation in the area of energy in general and hydrocarbons in particular will be a critical step in the process of Asia's development. This would …
While rejecting the formula suggested by the Rangarajan Committee on gas pricing, the Finance Ministry has asked the Petroleum and Natural Gas Ministry to place before the Empowered Group of Ministers (EgoM) an alternative formula based on wellhead prices of suppliers in the region, including the Gulf countries for long-term …
Rs 60,352-cr impact on power, urea makers; FinMin comes up with its own formula Even before an empowered group of ministers starts deliberating on a revision in natural gas prices, the finance, power and fertiliser ministries have raised a red flag on the recommendations of the Rangarajan panel. Only the …
The proposal for the doubling of natural gas price made by the Rangarajan committee has the oil and power ministries at loggerheads. Sources said that the power ministry has held back its comments on the draft proposal circulated by the petroleum ministry for consultations as it does not want to …
The company finds hoards of buyers willing to pay a rate equivalent to what India pays to Qatar for importing LNG After Reliance Industries Ltd, GSPC, the firm floated by Narendra Modi government, plans to sell natural gas from its KG basin fields at imported LNG rate of $14.2 per …
