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Shell to write down assets again, taking cuts to more than $22 billion

Shell said the post-tax charge was due in part to impairments on its Appomattox field in the US Gulf of Mexico

India, Qatar set up task force to identify projects for investment

India and its biggest LNG supplier Qatar on Friday agreed to set up a task force to identify projects in India for investment by the gas-rich Gulf nation, Oil Minister Dharmendra Pradhan said. India imports 8.5 million tonnes per annum of gas in its liquid form (LNG) from Qatar under a long-term contract. It also buys LPG to meet the fast-expanding cooking gas requirements in the country. "Had a telecall with HE Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs and President & CEO Qatar Petroleum on promoting Qatari investments in the entire energy value chain in India," Pradhan tweeted. The call, he said, was a follow-up to Prime Minister Narendra Modi's discussion with the Emir of Qatar, Sheikh Tamin bin Hamad Al-Thani on December 8. "Minister Al-Kaabi and I have agreed to set up a Task Force on Energy, represented by VP of Qatar Petroleum and a senior officer from @PetroleumMin to identify specific projects in India's energy sector for Qatari investments," he .

Gujarat State Petroleum seeks LNG cargo for January delivery: Report

India's Gujarat State Petroleum Corp is seeking a LNG cargo for delivery in January, two industry sources said

India's refinery throughput recovers in Sep, LNG imports rising: Ind-Ra

The ratings agency's October 2020 credit digest edition highlighted an increase in LNG imports

India's new Mundra LNG terminal ramps up utilisation as demand rises

The terminal is currently connected to Anjar in southern Kutch -- which is about 40 kilometres away from Kandla port -- through a gas pipeline that has a diameter of 32-inches

Global LNG demand to rise for few decades, Covid a temporary blip: industry

Demand for liquefied natural gas is set to increase steadily for several decades helped by economic growth in Asia, industry executives said, with Covid-19 pandemic seen as only a short-term setback

India saves Rs 5000 cr in forex after capitalising on global low oil prices

State-owned oil firms were in April asked to buy import oil when global rates fell to a two-decade low.

Indian LNG importers issue force majeure notices as gas demand slumps

Top gas importer Petronet LNG has served a force majeure notice on Qatargas and is seeking delayed delivery of cargoes.

GSPC seeks six LNG cargoes for March to November delivery: Report

It is also seeking five cargoes for delivery over April to November, also on a DES basis, in a separate tender that closes on March 4

India set to import record LNG volumes as spot prices slump on virus impact

The country's annual LNG imports is expected to rise by 10%-15% this year, said Poorna Rajendran of consultancy firm FGE

Singapore's AG&P to invest $1.5 bn in various projects across South India

AG&P has city gas distribution license for Kanchipuram and Ramanathapuram districts of Tamil Nadu

Free-falling LNG prices wreak havoc on trade amid coronavirus fears

Asian spot prices for LNG have already tumbled to troughs of $3 per million British thermal units (mmBtu) - less than half of what they were at the same time last year

GAIL ferries imported LNG in trucks over 1,700 km to fuel demand in east

LNG is environment-friendly natural gas turned into liquid at minus 160-degree Celsius for ease of transportation in ships and truck

At least 100 petrol pumps, 5% in remote areas: New liberalised fuel policy

The government had last month relaxed norms for setting up petrol pumps, allowing non-oil companies to market fuel in the world's fastest growing market

Is natural gas key to sustainable development model? NGOs think otherwise

Extracting and transporting natural gas notably results in significant emissions of methane, a greenhouse gas 30 times more potent than CO2.

Pipeline dreams of gas-based economy: Hurdles in govt's $118-bn masterplan

Though the government is mulling options to create a gas hub, doing so demands higher volume and maturity in the domestic market

Total SA to buy 37.4% stake in Adani Gas for nearly Rs 5,700 crore

The deal will be the largest foreign direct investment in India's city gas distribution

Dispute-hit Mundra LNG terminal to be commissioned by Dec: Report

The terminal was mechanically completed in mid-2018 and was inaugurated by Prime Minister Narendra Modi

Total to buy 37% stake in Adani Gas for $600 mn to expand India footprint

The deal will give Total access to India's natural gas market and support its drive to become one of the world's top LNG players

Demand concerns loom over India's liquefied natural gas expansion spree

From 37.5 mtpa, India to expand its capacity to 74 mtpa in a decade