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India reaches out to US, Iraq for LNG after Gazprom reduces supply: Report

The decision comes as LNG supplies from Russia's Gazprom have been declining since the start of the Russia-Ukraine war

CIL to ink pacts with BHEL, IOCL, GAIL for 4 coal gasification projects

State-owned CIL will sign agreements with three public sector enterprises -- Bharat Heavy Electricals Ltd (BHEL), Indian Oil Corporation Ltd (IOCL) and GAIL (India)-- in order to set up four surface gasification projects. Through gasification process, coal is converted into syngas -- a fuel gas -- which can be used in downstream production of value added chemicals. The government aims to achieve 100 million tonnes of coal gasification in the next eight years in order to reduce the import of crude oil which is otherwise used to produce syngas. "Coal India Limited (CIL), under the aegis of Ministry of Coal, will be inking three major Memorandum of Undertaking (MoU) on September 27," the coal ministry said in a statement. The proposed projects would reduce forex outgo and create around 23,000 jobs, it said. The government had earlier said that the target to gasify 100 million tonnes of coal by 2030 will entail an investment of over Rs 4 lakh crore. This 100 MT coal gasification will

Stocks to Watch: GAIL, Sona BLW, ONGC, Natco Pharma, RIL, Airtel, Vodafone

Stocks to Watch: Blackstone Inc. is seeking to raise as much as Rs 3,180 crore ($400 million) through the sale of shares in Indian automotive component maker Sona Comstar

Ukraine conflict: India's LNG firms see rising costs, shrinking supplies

Rising costs and shrinking supplies will impact major expansion plans

GAIL feels blowback from Ukraine war as former Gazprom unit cuts supplies

A former Gazprom subsidiary reneges on its supply contract forcing the state-owned gas distributor to cut back supplies to key industries

GAIL to double share capital; add specialty chemicals, clean energy to biz

GAIL has sought shareholder approval to increase authorised share capital of the company to Rs 10,000 cr from current Rs 5,000 cr to help raise finance for its expansion plans over the next 3-4 years

GAIL Q1 net profit rises 51% to Rs 2,157 cr on marketing margin boost

The margin on gas marketing made up for a 12.5% decline in earnings from the gas transportation business and a 74% drop in petrochemicals earnings

Top headlines: BoE raises rates by most since 1995; GAIL Q1 net up 51%

GAIL (India) Ltd, the nation's largest gas utility, on Thursday reported a 51 per cent jump in its June quarter net profit on the back of bumper margins from gas marketing

GAIL starts to ration gas as former Gazprom unit cuts supplies: Report

GAIL (India) Ltd has started gas rationing, cutting supplies to fertiliser and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom

Jindal Power exits race to buy JBF Petro; RIL, others in contention

L N Mittal-backed HPCL-Mittal Energy and govt-owned companies remain in contention for the bankrupt firm

Gazprom Singapore misses LNG deliveries to GAIL amid soaring demand: Report

GMTS is willing to offer a penalty to the Indian company for missed cargoes. One of the sources said the penalty is miniscule compared to spot prices of LNG.

Higher prices of natural gas take the steam out of gas utility stocks

However, despite the likely pressure on volumes and margins, and having cut earnings estimates, most analysts are positive on the natural gas sector

No disruption in Russian LNG supplies from Gazprom due to sanctions: GAIL

Earlier this month, Moscow slapped sanctions on owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as the former German unit of the Russian gas producer Gazprom

GAIL says it's open to buying Russian oil-gas assets if offered good deal

GAIL is considering buying gas from challenging local fields to address surging local demand for natural gas, including striking long-term liquefied natural gas import deals with global companies

Shell may sell Russian LNG plant stake to Indian consortium: Report

Shell seeks to sell 27.5% stake in Sakhalin-2 plant; Shell in talks with group of several Indian firms, say sources

IT, Metals drag Sensex 236 pts down; Delhivery rises 10%, Zomato 15%

CLOSING BELL: On the NSE, the Nifty50 shut shop at 16,138, down 77 points or 0.47 per cent

GAIL submits new InvIT proposal to monetise Rs 5,000-crore assets

The last PPPAC meeting was in December, according to its website and there is no clarity on when the next one will be held

GAIL to build green hydrogen plant at MP, set to be one of the largest

State-owned GAIL (India) Ltd will build one of India's largest proton exchange membrane (PEM) electrolyzer at Guna in Madhya Pradesh to produce green hydrogen by the end of 2023

Indian buyers grab discounted Russia LNG shipments shunned by rest of world

Companies including Gujarat State Petroleum Corp. and GAIL India Ltd. bought several spot shipments at prices below prevailing market rates.

GAIL, Hindustan Petroleum to pump in Rs 17,000 cr to boost Bengal CNG infra

GAIL, its JV company Bengal Gas Co and Hindustan Petroleum Corporation Ltd's combined investment in various CNG projects in West Bengal will be Rs 17,000 crore over the next five years