Page 23 - Natural Gas

Total SA to buy 37.4% stake in Adani Gas for nearly Rs 5,700 crore

The deal will be the largest foreign direct investment in India's city gas distribution

Bring natural gas, aviation turbine fuel in GST ambit: Dharmendra Pradhan

FM Sitharaman assures sanctity of contracts

India's 100 tcf gas reserves enough to meet half of demand till 2050: BP

India has the right policy framework of providing a higher cap price for natural gas produced from difficult areas such as deepsea, BP chief

Total to buy 37% stake in Adani Gas for $600 mn to expand India footprint

The deal will give Total access to India's natural gas market and support its drive to become one of the world's top LNG players

India to invest $60 bn in developing gas supply, distribution: Oil minister

The government is giving special impetus to develop gas infrastructure across the length and breadth of the country connecting north to south and east to west parts of India, he said.

Govt cuts gas price by over 12%, first such rate reduction since April 2017

The government cut the price of gas produced from difficult fields to $8.43 from $9.32, the PPAC notification said

Commodity outlook by Tradebulls Securities: Buy Zinc, sell Natural Gas

Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.

RIL seeks minimum $5.4 per unit for new natural gas find from KG-D6 block

Govt's gas pricing policy, however, provides for a higher cap price for future gas produced from difficult fields like those in deepsea

Reliance Industries' $4-bn investment threatened by global natural gas glut

Reliance predicted in 2014 that the project would boost Jamnagar's refining margins by about $2 a barrel, but Centrum Broking Ltd now sees an uplift of $1.30 to $1.50 by the 2021-2022 fiscal year

ONGC adopts Energy Strategy 2040; targets doubling of oil, gas production

State-owned Oil and Natural Gas Corp (ONGC) has set a target to double oil and gas output from its domestic and overseas fields and expand its refining capacity three-fold alongside diversification into renewables in a new vision document for 2040, its Chairman Shashi Shanker said. ONGC Energy Strategy 2040 envisions the company as "A diversified energy company with a strong contribution from non E&P business; 3x revenues and about 5-6x market capitalisation," he said. The firm produced 24.23 million tonnes of crude oil in the 2018-19 fiscal year and 25.81 billion cubic metres (bcm) of natural gas from its domestic fields. Another 10.1 million tonnes of oil and 4.736 bcm of gas were produced from its overseas assets. It had a turnover of Rs 109,654 crore and a net profit of Rs 26,715 crore in the year ended March 31, 2019. As on August 16, it had a market capitalisation of Rs 164,458 crore. In the company's latest annual report, Shanker said the ONGC board recently approved the ...

Clean fuel race: CNG may turn out to be key to India's automobile future

CNG may turn out to be the key to India's automobile future and the dream of increasing the share of natural gas

India is likely to set up gas trading hub by first quarter of 2020-21

The Narendra Modi government is looking into a plan to unbundle the gas transmission and marketing business of GAIL

Union Budget 2019: Discoms buying from gas units to now get subsidy

Of the 24,150 Mw of gas-based power generation capacity, 14,305 Mw has no supply of domestic gas

Natural gas price up 10%; ONGC posts 6.5% rise in gas production

Producers will be able to charge a maximum of $9.32 per mmBtu for difficult fields, posting an increase of about 22% from $7.67 a unit during October-March

Govt incentives for unviable areas to unlock ONGC, OIL natural gas output

In the absence of a viable gas price, ONGC and OIL will have to mothball $3 bn worth of projects

Import of natural gas on the rise, up 13% in April -October period

Regasified LNG catered to 47 per cent of the country's consumption during this period

Govt plans to increase share of natural gas to 15% in India's fuel basket

Mumbai and Delhi have each crossed the one million mark in piped natural gas connections

If ONGC, OIL fields tapped fully, total natural gas output to rise by a 3rd

ONGC, OIL haven't been able to develop the discoveries or bring them to production as the current gas price of USD 3.36 per million MMBtu

Gas expected to be world's second-largest energy source by 2030: IEA

Global gas demand would increase by 1.6 per cent a year to 2040 and would be 45 per cent higher by then than today

India to spend $2 bn to double natural gas production by 2022: DGH chief

India is wooing companies in Singapore this week to invest in its upstream oil and gas sector and also to help build its strategic petroleum reserves