Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Officials said existing APM gas prices have been left broadly unchanged till Sept 31 as a temporary arrangement
PNGRB on March 29 had approved levelised unified tariff for natural gas pipeline of Rs 73.93 per metric million British thermal unit
Under the new regime, industrial buyers will be charged a fixed tariff for transport of gas over three zones, up from two earlier
Industrial customers transporting fuel over larger distances to now pay less
The rupture in a fuel pipeline in Shil area of Maharashtra's Thane district post a fire that had claimed the life of one person has been repaired after 48 hours, a civic official said on Sunday. The 18-inch line, from Mumbai to Manmad in Nashik district, which started leaking after fire in an underground cable and subsequent explosion, was restored by at least half a dozen agencies working together, Regional Disaster Management Cell chief Avinash Sawant said. "The fire was initially contained, after which the smoke was stopped at 6am on Sunday. The supply in the line has been restored now. It transports diesel of BPCL," he said. A 35-year-old man was charred to death and another one got injured after the fire broke out in underground power cables and engulfed the tyre shop around 6.30 am on Friday. District Collector Ashok Shingare and Thane Municipal Commissioner Abhijit Bangar had told reporters an inquiry has been instituted into the incident to ensure there is no recurrence.
Russia called a Security Council meeting Tuesday on last September's explosions at the Nord Stream 1 and 2 gas pipelines from Russia to Western Europe after circulating a resolution calling for a U.N. investigation of the sabotage. Ahead of the meeting, the ambassadors of Denmark, Sweden and Germany sent a letter to council members saying their investigations have established the pipelines were extensively damaged "by powerful explosions due to sabotage. The letter, circulated Tuesday morning, said further investigations are being conducted in all three countries and that it's unclear when they'll finish. It says Russian authorities have been informed about the ongoing investigations. Security Council experts held closed consultations Monday on the Russian draft resolution and council diplomats said there was opposition to it. No vote was expected at Tuesday's meeting, council diplomats said. Some council diplomats view the resolution as a spoiler attempt to take the spotlight off
The company is also aiming to expand aviation gasolene exports to South East Asia
Officials said the regulator's move to recognise 54 gas pipelines as common carriers has faced multiple litigations till now from private entities, such as Adani Total Gas and even state run-GAIL
Without the participation of Russian experts, Moscow won't recognise any results of investigation into leaks on the Nord Stream pipelines, the Russian Foreign Ministry said
The greatest single release of potent greenhouse gas ever recorded was caused by four breaches of Russia's Nord Stream 1 and 2 gas pipelines, located near the territorial seas of Denmark and Sweden
The president of the European Union's executive arm travelled Saturday to Bulgaria for the opening of a natural gas link between the country and Greece, emphasising the EU's determination to stop relying on Russian energy imports. Speaking at a ceremony in Sofia, European Commission President Ursula von der Leyen hailed the pipeline as an important contribution to limiting opportunities for Russia to use its gas and oil reserves to blackmail or punish the EU. This pipeline changes the energy security situation for Europe. This project means freedom, von der Leyen told an audience that included heads of state and government from the region. The European Commission committed nearly 250 million euros to finance the project, von der Leyen said. The importance of the Gas Interconnector Greece-Bulgaria pipeline, which was completed in July, has significantly risen after Moscow decided to turn its natural gas deliveries into a political weapon. A second European pipeline started operatin
The European Union suspects that damage to two underwater natural gas pipelines was sabotage and is warning of retaliation for any attack on Europe's energy networks, EU foreign policy chief Josep Borrell said on Wednesday. All available information indicates those leaks are the result of a deliberate act, Borrell said in a statement on behalf of the 27 EU member countries. Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with a robust and united response. Seismologists reported on Tuesday that explosions rattled the Baltic Sea before unusual leaks were discovered on two underwater natural gas pipelines running from Russia to Germany. Some European leaders and experts pointed to possible sabotage given the energy standoff with Russia provoked by the war in Ukraine. The three leaks were reported on the Nord Stream 1 and 2 pipelines, which are filled with natural gas but are not delivering the fuel to Europe. The damage means that
Kalpataru Power Transmission Ltd (KPTL) on Tuesday said the company and its international subsidiaries have secured new orders worth Rs 1,345 crore. In a regulatory filing KPTL said, the company and its international subsidiaries have secured new orders/notification of awards of Rs 1,345 crore. The company has bagged the said orders in India and in the overseas market in the transmission and distribution (T&D) business, the filing said. The filing further said that the orders are for pipeline laying works secured in joint ventures or in consortium. Some of the orders are for Metro Rail Electrification in India secured in joint ventures or in consortium. "We are pleased with the new order wins secured across our business verticals. The order wins in the T&D and pipeline business help us to further consolidate our order book and establish leadership in key markets," said Manish Mohnot, Managing Director & CEO, KPTL. Mohnot further said that the second metro rail ...
Financial markets in Europe sunk on Monday after the Russian decision to snap the gas supply via its Nord Stream 1. Know more about this pipeline, and why is it so crucial for Europe?
Russia's Gazprom stopped the flow of natural gas through a major pipeline from Russia to Europe early Wednesday, a temporary move to it announced in advance. The Russian state-controlled energy giant said earlier this month that it would the cut the flow of gas through the Nord Stream 1 pipeline until Saturday for what it says is a three-day pause for routine maintenance at a compressor station. According to Gazprom, the only remaining turbine, which is located at the Portovaya compressor station, needs maintenance. The head of Germany's Federal Network Agency, Klaus Mueller, has said that the maintenance work is technically incomprehensible and he considers it a way of punishing Germany for siding with Ukraine since the Russian invasion. Gazprom has repeatedly reduced the flow of gas through Nord Stream 1 claiming technical issues such as equipment repairs. Germany calls these cuts a political move to sow uncertainty and push up prices amid the war in Ukraine. Russia has also redu
Poland and Slovakia celebrated launch of new pipeline connecting them, which enables Warsaw to import 5.7 billion cubic meters (bcm) of natural gas and grants Bratislava access to 4.7 bcm each year
Russia's state-owned energy company Gazprom said on Friday a key pipeline conveying natural gas to Europe will shut down for three days at the end of this month to undergo routine maintenance." In a statement posted online, Gazprom said that the only operational turbine at a key compressor station along the Nord Stream 1 pipeline, which links Western Russia and Germany, will shut down for routine maintenance from August 31 to September 2. A set of routine maintenance in accordance with the current maintenance contract will be carried out jointly with Siemens specialists, the company said, in a reference to its German partner, Siemens Energy. Gazprom said that once work is completed, the flow of gas through Nord Stream 1 will resume at its prior level of 33 million cubic meters, or just 20% of the pipeline's nominal capacity. Flows of natural gas through Nord Stream 1 have been contentious. The shutdown will come a month after Gazprom restored natural gas supply through the pipeline
Russia's gas giant Gazprom has said that Siemens failed to fulfill its obligations and had not returned a repaired turbine engine for the Nord Stream 1 pipeline
Russia's Gazprom on Wednesday halved the amount of natural gas flowing through a major pipeline from Russia to Europe to 20% of capacity. It's the latest reduction to Nord Stream 1 that Russia has blamed on technical problems, but Germany calls a political move to sow uncertainty and push up prices amid the war in Ukraine. The Russian state-controlled energy giant announced Monday that it would carry out the reduction citing equipment repairs, further raising fears that Russia could cut off gas completely to try to gain political leverage over Europe as it tries to bolster its storage levels for winter. Data on the Nord Stream website and the head of Germany's network regulator, Klaus Mueller, confirmed the reduction. Gas is now a part of Russian foreign policy and possibly Russian war strategy, Mueller told Deutschlandfunk radio. Prices surged to the highest levels since early March for natural gas, which is used to power industry, generate electricity and heat homes in the ...
Natural gas started flowing through a major pipeline from Russia to Europe on Thursday after a 10-day shutdown for maintenance, the operator said