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Pipeline Infrastructure Ltd (PIL) and Crown LNG Holdings Ltd have signed a Memorandum of Understanding (MoU) to establish pipeline connectivity between Crown LNG's proposed terminal and PIL's existing pipeline network in Kakinada, Andhra Pradesh. The MoU was signed on July 10 by PIL Managing Director Akhil Mehrotra and Crown LNG Holdings Ltd CEO Swapan Kataria, official sources said. The MoU is for establishing connectivity between Crown LNG's proposed 7.2 million tonnes a year Gravity-based Structure and Regasification Unit (GBSRU) at Kakinada and the PIL pipeline, subject to satisfaction of various terms and conditions. PIL is a special-purpose vehicle owned by Energy Infrastructure Trust (InvIT), that owns and operates a nearly 1,400-km pipeline from Kakinada to Baruch in Gujarat. This pipeline is used by companies like Reliance Industries Ltd for transporting natural gas produced from offshore fields to users. With the latest MoU, the pipeline would also be used by Crown LNG fo
QatarEnergy, the Gulf country's state-run petroleum firm, said Wednesday it has agreed to buy a 25 per cent stake in a massive gas project in Iraq, marking the rare entry of a major producer into a market that Western firms have pulled back from in recent years. The Gas Growth Integrated Project, launched by French oil giant Total in 2021, aims to develop facilities to recover natural gas from several oil fields in southern Iraq. That's where it is currently being flared when the natural gas released through oil production is burned and released into the atmosphere. The project also aims to treat seawater for injection into oil reservoirs to boost production. Total maintains a 45 per cent share of the project, while Iraq's Basra Oil Company owns 30 per cent. QatarEnergies said the total investment in the project would be around USD 10 billion. We are pleased to be part of this significant development, which is important for Iraq's energy sector, Saad Sherida Al-Kaabi, the Minister