Under the deal, India is to get a share in natural gas from the proposed Driftwood project in Louisiana
This will be the second reduction in six months and will reduce rates to the lowest in two-and-half-years
Sources said to resolve the conflict arising out of the same entity owning the two jobs, bifurcating GAIL is being considered
If brought under GST, natural gas will attract a uniform rate of tax at the consumption point anywhere in the country after doing away with current rates of excise duty and VAT
The Union Environment Ministry has given green clearance to ONGC, the country's largest oil and gas exploration and production company, after taking into account the recommendations of a green panel
Expect rupee to trade in a range of 71.60-72.40 in the near term
Extracting and transporting natural gas notably results in significant emissions of methane, a greenhouse gas 30 times more potent than CO2.
India is expanding oil refining capacity to produce more fuel and petrochemicals as also investing in pipelines and terminals to increase the share of natural gas in the energy mix.
A panel led by the Niti Aayog vice chairman has also suggested free-market pricing for natural gas produced from all fields to boost domestic output
Gross domestic product grew by more than a six-year low of 5 per cent in the first quarter
Though the government is mulling options to create a gas hub, doing so demands higher volume and maturity in the domestic market
The deal will be the largest foreign direct investment in India's city gas distribution
FM Sitharaman assures sanctity of contracts
India has the right policy framework of providing a higher cap price for natural gas produced from difficult areas such as deepsea, BP chief
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
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.
The government cut the price of gas produced from difficult fields to $8.43 from $9.32, the PPAC notification said
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
Govt's gas pricing policy, however, provides for a higher cap price for future gas produced from difficult fields like those in deepsea
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