New Delhi Investors setting up greenfield urea production plants will be given subsidy to cover the cost of imported liquefied natural gas (LNG) up to $17-18 per million metric British thermal unit (mmBtu), a generous concession that will also take care of freight charges and marketing margins charged by the suppliers.

Currently, LNG is available in global spot markets at about $14-15 per unit excluding such incidental costs, a price that was previously considered by the Pranab Mukherjee-led group of ministers as part of a new policy to promote investments in the sector.

The Empowered Group of Ministers (EGoM) on gas will have to take a call on several issues when it meets on Friday.

Private power producers sought Government intervention for immediate allocation of gas to projects recommended by the Power Ministry, while seeking a solution to the coal pricing issue.

Demand higher tariff for plants fearing CIL imports may raise their production costs.

Hit by a dip in production of coal from Coal India Ltd (CIL) and gas from private sector major Reliance Industries Ltd (RIL), the mining sector is set to contract by 2.2 per cent this year.

Farmers in Punjab and officials related to the agriculture sector have expressed a serious concern over the proposed suggestion by the Ministry of Petroleum and Natural Gas (MPNG) to the Empowered

Effluents and toxic fumes from factories and refineries and high concentration of vehicles on roads, besides the Deonar dumping grounds (now partially closed) contribute to pollution in Chembur, on

Agartala: State-owned Oil and Natural Gas Corporation (ONGC) will set up a Rs 5,000 crore, gas-based fertilizer plant in Tripura to meet the growing shortage of urea, the most commonly used soil ma

Close on the heels of the PMO stepping in to play a direct role in sorting out the fuel woes faced by coal-fired power project developers, a much-delayed ministerial panel meeting on gas allocation

The Oil Ministry has suggested key changes in the natural gas allocation policy in the view of sharp drop in output from Reliance Industries’ eastern offshore KG-D6 block.