New Delhi: The oil ministry has withdrawn a note — prepared under then minister S Jaipal Reddy’s watch — documenting its opposition to any premature increase in price of gas Reliance Industries (RI
Turkmenistan agreed on Wednesday to supply natural gas to Pakistan and India in deals that offer major economic benefits but depend on building and defending a US-backed pipeline across chronically
New Delhi: Kicking-off work on the long discussed US-backed Turkmenistan-Afghanistan-Pakistan-India gas pipeline, India and its new energy partners on Wednesday signed agreements that will pave way
India on Wednesday signed the gas sale purchase agreement (GSPA) for the Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline, which upon completion would diversify its gas basket. With domestic gas output stagnating, the $7.6-billion Tapi gas project provides a ray of hope.
In five years, the country would have access to imported natural gas, in addition to imported liquefied natural gas and domestic sources, including coal bed methane gas.
Turkmenistan on Wednesday signed agreements with India and Pakistan to deliver gas through a new pipeline that will transit Afghanistan, the first contracts in the ambitious project.
With rupee depreciation leading to jump in oil import bill, petroleum minister S. Jaipal Reddy on Tuesday said there is an immediate need to raise fuel prices, but refused to say when the hike will actually take place.
“It (price increase) is very essential but (before hiking rates) we have to talk to political parties,” he told reporters here on way to Ashgabat for signing of the agreement for the Turkmenistan-Afghanistan-Pakistan-India pipeline.
Pakistan will finally ink the gas deal with Turkmenistan in Ashgabad on May 23-24 under which it would start importing in 2016 the gas of 1.365 bcf per day under $ 7.6 billion TAPI gas line project
Cutting cross party lines, Congress, SAD and BJP MPs have welcomed the TAPI project that will provide a major boost to power plants and other gas-based ancillary units in the state.
