GAIL India is in the process of making operational the long delayed LNG terminal at Dabhol in Maharahstra by month-end or by early April, Chairman and Managing Director B. C. Tripathi said here on Monday.

GAIL owns 31.52 per cent stake in Ratnagiri Gas and Power Co Ltd. (RGPL), which owns the 1,967 MW power plant and the adjacent five million tonnes a year LNG import terminal.

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 price of compressed natural gas (CNG) for automobiles in Delhi has been raised by 5% and oil marketing firms plans to raise petrol rates in a few days as the completion of assembly elections ha

The Industrial sector in the state seems to be quite upset with industries minister Geeta Reddy and the power utilities. They say AP is emerging as one of the most unfriendly states for the industrial sector.

Despite assurances, there has been no headway regar-ding solving the continuing power crisis since the last six months. Meanwhile, officials say that short-term arrangements can be made for the small and medium industries by arranging for the costly RLNG (Re-Liquefied Natural Gas).

Late last year, when energy major British Gas’s Indian arm, BG India, announced plans to exit from two of its Indian energy assets, the industry wondered if it was a fullstop to BG’s India plans.

New Delhi To serve the expected addition in refining capacity and to partly replace any shortfall in crude oil supplies from Iran, India has sought an additional 5 million tonne of crude oil from Saudi Arabia. India has also sought investments from Saudi firms in its new petrochemical and refinery projects.

“We have sought 5 million tonne extra crude oil from Saudi Arabia for 2012-13,” minister of state for petroleum and natural gas R P N Singh said here after holding discussions with the visiting assistant minister for petroleum affairs Abdul Aziz Bin Salman bin Abdulaziz.

New Delhi Reliance Industries has received over 70 bids for buying the natural gas it plans to produce from below coal seams (CBM), at a price close to the rate at which LNG is imported in the coun

New Delhi: The fertilisers ministry has opposed the petroleum ministry’s move to snap supply of cheaper gas from RIL’s Andhra offshore field to units manufacturing potassic and phosphatic fertilise

The committee of secretaries, led by the prime minister’s principal secretary Pulok Chatterji, is understood to have recommended that state-run Coal India should step up supplies and face penalties

The fertiliser industry is seeking a higher cap on urea cost than the proposed $340 a tonne for the purpose of calculating subsidy to the new plants.