The State government has decided to ink a pact with Petronet LNG, a Government of India joint venture in energy sector, for a 356 MW Combined Cycle Gas Turbine (CCGT) power plant at Puthuvype. The project is expected to cost Rs.2,250 crore.

According to an official release here, a meeting chaired by Chief Minister Oommen Chandy here on Wednesday decided to sign the contract with Petronet, which suggested the integrated CCGT power plant to be set up along with the proposed LNG terminal at Puthuvype.

‘DG Shipping guidelines for granting licence to LNG vessels should be kept in abeyance'

Keeping in mind the continued shortfall in domestic gas production and the mounting demand for gas, an inter-Ministerial Committee has pitched for flexibility in transportation of LNG and keeping in abeyance the guidelines of Director-General (Shipping) for grant of licence to LNG vessels.

Demand for liquefied natural gas likely to go up in international market

The shutting down of nuclear power plants in Japan in the wake of the disaster borne out of massive tremor and tsunami there will have an impact on the energy scenario in Kerala. Projects based on liquefied natural gas (LNG), including the project to be commissioned in Kochi later this year, will have to chalk out strategies to face the increased demand for LNG in the international market.

Industry body fears dwindling KG-D6 output wil lead to gas-based plants running only at 30% capacity

The Oil Ministry has refused permission to public sector oil companies for acquiring Asian Development Bank's stake in Petronet LNG Ltd (PLL) so as to keep the nation's largest liquefied natural ga

New Delhi In an attempt to de-risk its exploration business, state-owned Oil and Natural Gas Corp (ONGC) plans to foray into gas retailing business through a new subsidiary -- ONGC Gas Ltd.

ONGC would use the new subsidiary for its foray into city gas distribution business and sale of imported liquefied natural gas (LNG), company officials said here. The new unit may be aimed at making amends to the company letting go lucrative opportunities to enter gas business.

Extends exemption from basic customs duty & CVD indefinitely, to give relief to hard-pressed industry

The Finance Bill passed by the Lok Sabha yesterday, to give effect to the Union Budget proposals, has removed the 2014 time bar it had earlier proposed on the duty exemption for thermal coal. In its earlier Budget proposals, the finance ministry sought to exempt thermal coal (also called steam coal, and used in thermal power generation) from the basic customs duty of five per cent and the concessional countervailing duty of one per cent till March 31, 2014.

Japan began a recess from nuclear-generated electricity, its first in more than four decades, after its sole operating power reactor was halted for scheduled maintenance last night.

Hokkaido Electric Power Co's Tomari No 3 reactor in northern Japan stopped generating electricity yesterday, and fission ceased this morning, said Satoshi Takada, a spokesman for the utility.

South Korea's lawmakers approved a national emissions trading scheme on Wednesday to tackle its growing greenhouse gas emissions, overcoming strong industry opposition and joining a growing number

Petronet LNG, India’s biggest liquefied natural gas (LNG) importer, on Wednesday signed an agreement to invest Rs 4,500 crore in building a five-million-tonne import terminal at Gangavaram Port on the Andhra coast. This will be the country’s fifth LNG terminal after Dahej, Dahbol, Hazira and Kochi.

Gangavaram will be Petronet's third LNG import terminal. The company, at present, operates a 10-million tonne facility at Dahej in Gujarat and is building another five-million tonne terminal at Kochi in Kerala, to be ready by the year-end. A steep decline in domestic gas output, led by declining volumes from Reliance Industries-operated KG-D6 field, has made LNG imports an attractive business.