Aug. 6: The petroleum minister, Mr Murli Deora, said on Thursday more natural gas from the Krishna Godavari basin would be allotted to Andhra Pradesh for its fertiliser companies and for domestic consumption.

The Centre on Thursday turned down the demand raised by MPs in Rajya Sabha that Mukesh Ambani-led RIL's gas fields be nationalised even as it assured members that it would do everything to protect the national interest.

The chairman of the Commodity Futures Trading Commission said on Wednesday that the agency wanted to impose new restrictions on so-called speculative traders, not to reduce price volatility but to prevent the energy markets from being dominated by a few huge investment funds.

Aug. 5: The Chief Minister, Dr Y.S. Rajasekhar Reddy, on Wednesday said the KG basin gas would not provide solutions to all problems of power generation.
He said the government will not allow gas-based power generation beyond 5,000 MW capacity.

State plans to ask Centre to increase K-G gas allocation

Reliance Industries Ltd (RIL) will pick up a 67 per cent stake in Krishna Godavari Gas Network Ltd (KGGNL), a joint venture promoted by the Andhra Pradesh government, for undertaking city gas distribution in the state.

Murli DeoraThe dispute between Mukesh and Anil Ambani over the supply and price of natural gas from the D6 field in the Krishna Godavari (K-G) basin forced the Lok Sabha to adjourn at least once with Petroleum Minister Murli Deora asserting that the government did not have anything do with "the private dispute of two industries or industrialists" but was trying to protect the interests of the gove

Sujay Mehdudia
NEW DELHI: The government is fully behind the Petroleum Ministry on the gas dispute issue before the Supreme Court and will not compromise its rights over national resources, Law Minister Veerappa Moily has said.

New regulations that will force the shipping industry to switch to cleaner fuel could snuff out nearly a quarter of European demand for fuel oil by 2015.

The package of measures will add to the woes of the dirtiest and least profitable oil product: sludgy, bottom of the barrel fuel oil left behind from refining more profitable motor fuels.