Oil Minister Dharmendra Pradhan will launch the Indian Gas Exchange (IGX) to kickstart natural gas trading
Consumption is set to slump by 4% this year, or twice the amount lost after the 2008 financial crisis, according to the International Energy Agency's Gas 2020 report.
The outperformance in Silver is because it could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic
Industry experts say consumption of petroleum products in April was only 30-40% of what it had been prior to lockdown
India's crude oil production fell 6.35 per cent to 2.5 million tonnes in April for the same reason
MGL, promoted by GAIL, supplies piped natural gas to households and auto and industrial gas in Mumbai and its suburbs
Industry players say a major drawback of the bid was that ONGC sought partners who could raise output beyond a pre-agreed baseline and would share revenues only for incremental production
Gold is trading in 'buy on dips' environment
India must rebalance its energy expectations away from coal
Nickel took support around 900 and then bounced back till 932
Silver on the hourly chart is trading in a symmetrical triangle pattern with a breakout above 43,300 and breakdown below 42,200
The Rupee is finding resistance around 77.06 and upside momentum will continue above that level
The rally is under threat only when gold breaks 44,500
Natural gas gets converted into CNG on compression and is also supplied for lighting cooking stoves through pipes.
The price of gas produced from difficult fields such as deepsea too has been cut to $5.61 from $8.43 per mmBtu now.
Under the deal, India is to get a share in natural gas from the proposed Driftwood project in Louisiana
This will be the second reduction in six months and will reduce rates to the lowest in two-and-half-years
Sources said to resolve the conflict arising out of the same entity owning the two jobs, bifurcating GAIL is being considered
If brought under GST, natural gas will attract a uniform rate of tax at the consumption point anywhere in the country after doing away with current rates of excise duty and VAT
The Union Environment Ministry has given green clearance to ONGC, the country's largest oil and gas exploration and production company, after taking into account the recommendations of a green panel