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Govt looks at exit option while BPCL seeks open offer exemption

Govt looks at exit option while BPCL seeks open offer exemption

🕔14:16, 26.May 2021

New Delhi, May 26  Privatisation bound Bharat Petroleum Corporation Ltd is seeking exemption for successful bidder of the company from mandatory open offer to be made to shareholders of two promoted companies – Petronet LNG and Indraprastha Gas Ltd. Sources

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HPCL acquires balance 50% stake in Chhara LNG Terminal

HPCL acquires balance 50% stake in Chhara LNG Terminal

🕔04:41, 31.Mar 2021

Hindustan Petroleum Corporation Limited (HPCL) has acquired the balance 50% equity stake in ‘HPCL Shapoorji Energy Private Limited (HSEPL)’ from M/s S P Ports Pvt Ltd on 30th March 2021.  Post-acquisition, HPCL’s stake in HSEPL getsenhanced to 100%, making HSEPL

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India’s refinery throughput recovers in Sep, LNG imports rising: Ind-Ra

India’s refinery throughput recovers in Sep, LNG imports rising: Ind-Ra

🕔17:54, 15.Nov 2020

New Delhi, Nov 15  In a sign of increased economic activity, India Ratings and Research’s latest credit digest on country’s oil and gas sector has shown a recovery in refinery throughput during September. The ratings agency’s October 2020 credit digest

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India’s green vision to see full duty exemption on LNG

India’s green vision to see full duty exemption on LNG

🕔18:07, 30.May 2019

New Delhi, May 30 (IANS) In a bid to promote a gas-based economy, the new Government may cut customs duty on liquefied natural gas (LNG) to zero per cent from 2.5 per cent, to cut cost of power further and aid

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Pradhan to visit Japan for LNG meet, ink cooperation on gas

Pradhan to visit Japan for LNG meet, ink cooperation on gas

🕔09:58, 16.Oct 2017

New Delhi, Oct 16 Petroleum Minister Dharmendra Pradhan will leave on Monday for a three-day visit to Japan where he will also sign an agreement with the island nation to cooperate in jointly developing a “liquid and flexible global LNG

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India plans to double LNG import capacity to 50 mn tonnes

India plans to double LNG import capacity to 50 mn tonnes

🕔10:30, 14.Oct 2016

New Delhi, Oct 14  India plans to more than double its liquefied natural gas (LNG) annual import capacity to 50 million tonnes in the next few years, Petroleum Minister Dharmendra Pradhan said on Thursday.“We currently have LNG import and regassification

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Qatar, Pakistan sign multi-billion dollar gas deal

Qatar, Pakistan sign multi-billion dollar gas deal

🕔10:59, 11.Feb 2016

Doha, Feb 11  Qatar and Pakistan signed on Wednesday a multi-billion dollar gas deal to supply Pakistan with 3.75 million tonnes of liquified natural gas (LNG) annually for 15 years.Under the 15-billion-dollar agreement, Qatar Liquefied Gas Company Limited will supply

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Move to revive gas-based power will benefit banks: Moody’s

Move to revive gas-based power will benefit banks: Moody’s

🕔11:31, 31.Mar 2015

Mumbai, March 31  Terming the Indian government’s decision last week to allow gas-based power units lying idle to import feed stock through e-auctions as “credit positive”, rating agency Moody’s on Monday said the move will benefit banks as they have

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Oman-India gas pipeline a most promising option

Oman-India gas pipeline a most promising option

🕔12:22, 19.Nov 2014

Natural gas, a very highly consumed commodity in India, is at present supplied from two sources: domestic production and imported liquefied natural gas (LNG). Energy demand and supply projections indicate that by 2021-22, due to rising demand, India will also

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Odisha to get Rs.1 lakh crore investment: Pradhan

Odisha to get Rs.1 lakh crore investment: Pradhan

🕔12:32, 13.Sep 2014

Bhubaneswar, Sep 13  Odisha will receive investment of about Rs.1 lakh crore during in the coming five years in petrochemicals, oil and gas sector, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan said here Friday. The Indian Oil

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GAIL to hire one-third of LNG transport ships from Indian firms

GAIL to hire one-third of LNG transport ships from Indian firms

🕔12:27, 31.Jul 2014

New Delhi, July 31  State-run gas utility GAIL India said it has decided to hire from Indian shipbuilders a third of the ships needed for ferrying liquefied petroleum gas (LNG) from the US. “Under the advice of Ministry of Petroleum

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