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.

Dr Asim Hussain, Adviser to the Prime Minister on Petroleum and Natural Resources has said the delay in the execution of Iran-Pakistan Gas Pipeline project is causing Pakistan a loss of $5 million per day.

Anil Ambani group firm Reliance Natural Resources (RNRL) today hit out at power companies GMR and GVK for raising the bogey of unfair price advantage to it, saying that they had got into gas deals with Mukesh Ambani-led Reliance Industries (RIL) knowing that the agreement was subject to the outcome of the RNRL-RIL case.

July 6: The Chief Minister, Dr Y.S. Rajasekhar Reddy, has appealed to the Prime Minister, Dr Manmohan Singh, not to allow private firms decide on natural gas. The Chief Minister wrote a letter to the Prime Minister seeking appropriate action to protect the rights of the state over allocation and pricing of natural gas in the wake of the Ambani brothers waging a legal battle in the Supreme Court.

Nearly 12 days before the Bombay High Court's timeline for an amicable settlement between the warring Ambani brothers expires, both brothers have decided to slug it out in the Supreme Court.

Dragging the government into its gas dispute with Anil Ambani-owned Reliance Natural Resources Ltd (RNRL), Mukesh Ambani-promoted Reliance Industries Ltd (RIL) has said in a letter to RNRL it would not sign any agreement involving gas supply, price, quantity and tenure without the government

A recent judgment of the Bombay High Court upholding the plea of Anil Ambani

Sandeep Joshi

NEW DELHI: The Ministry of Petroleum and Natural Gas has chalked out an ambitious plan to bring 200 cities under the supply network for compressed natural gas (CNG) and piped natural gas (PNG) by 2015.

The national gas grid is still a mirage and all the pipelines are making a beeline for Gujarat
Latha Jishnu / New Delhi June 25, 2009, 0:50 IST

The national gas grid is still a mirage and all the pipelines are making a beeline for Gujarat.