Contracts to be awarded in the next few months: Chairman

A host of contracts for the five million tonne per annum liquefied natural gas terminal proposed in Ennore are to be awarded over the next few months with Indian Oil Corporation, which is setting up the project, deciding to go ahead with the construction.

This, after PIL seeks rethink on govt's decision on gas pricing based on Rangarajan formula

The Supreme Court today sought a response from the Centre and Reliance Industries on a public-interest litigation (PIL) filed by CPI leader Gurudas Dasgupta and former power secretary EAS Sarma.

The All Pakistan Textile Mills Association (Aptma) and the Punjab government have agreed to set up large power plants in Karachi to produce 3,000 megawatts of electricity through coal.

Expert Appraisal Committee defers EC, CRZ clearance till final decision by MoEF on allegations

While the Gujarat government seems optimistic on commencing operation of LNG terminal at Mundra by 2016, GSPC LNG Ltd, a joint venture between state-owned Gujarat State Petroleum Corporation (GSPC) Ltd and Adani Group, for setting of the LNG terminal, is facing hurdles to get necessary environment clearance (EC) and costal regulatory zone (CRZ) clearance.

GAIL (India) will be the first Indian company to import shale gas after receiving a waiver from the US department of energy (DoE), whose permission is needed for oil and gas exports to countries th

Prices could double by 2014 leading to hike in power tariff and fertilizer cost

Despite opposition from within the Cabinet and outside, the Manmohan Singh government on Thursday approved a doubling of natural gas prices from the present $4.2 mbtu to $8.4 mbtu from April 1, 2014.

New Delhi : IN what could spur stagnant domestic production of natural gas, reduce the dependence of power and fertiliser companies on imports of expensive LNG and ease the subsidy burden on the fi

Cabinet nod to Rangarajan formula; price fixed at $8.4/mBtu

The Cabinet Committee on Economic Affairs (CCEA) on Thursday decided to double the price of domestic natural gas, from $4.2 to $8.4 a million British thermal unit (mBtu), from April next year - a decision that might hit the power and fertiliser sectors the most.

The row over the proposed increase in natural gas prices is set to flare up because the petroleum ministry has admitted that the producer price in the new regime starting April 2014 would be at lea

The acute scarcity of natural gas and high cost of imported LNG have taken a toll on Essar Energy’s power business, forcing the company to take the decision to convert two gasfired plants at Hazira