Page 15 - Natural Gas

Govt incentives for unviable areas to unlock ONGC, OIL natural gas output

In the absence of a viable gas price, ONGC and OIL will have to mothball $3 bn worth of projects

Import of natural gas on the rise, up 13% in April -October period

Regasified LNG catered to 47 per cent of the country's consumption during this period

Govt plans to increase share of natural gas to 15% in India's fuel basket

Mumbai and Delhi have each crossed the one million mark in piped natural gas connections

If ONGC, OIL fields tapped fully, total natural gas output to rise by a 3rd

ONGC, OIL haven't been able to develop the discoveries or bring them to production as the current gas price of USD 3.36 per million MMBtu

Gas expected to be world's second-largest energy source by 2030: IEA

Global gas demand would increase by 1.6 per cent a year to 2040 and would be 45 per cent higher by then than today

India to spend $2 bn to double natural gas production by 2022: DGH chief

India is wooing companies in Singapore this week to invest in its upstream oil and gas sector and also to help build its strategic petroleum reserves

Natural gas price may be hiked by 14% soon; CNG, electricity may get costly

As per the new gas pricing formula approved by the NDA-government in October 2014, gas prices are to be revised every six months

Natural gas may play a major role in India-Cyprus bilateral trade

India expects to double share of natural gas in the country's energy mix to more than triple imports to 70 mt per year by 2022

Natural gas will no longer be allocated: Govt to private power producers

No fresh allocation of gas to be made

Govt plans to expand natural gas share to 15% by 2022, LNG imports to soar

Beyond LNG, India is looking to access untapped domestic gas reserves off its east coast

Oil PSUs IOC, HPCL, BPCL betting on natural gas as next big thing

State-owned oil companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum - are planning to raise gas contributions to between 5 and 15 per cent of their incomes over the next few years

Include natural gas under GST to prevent adverse impact on producers: Ficci

A GST based taxation for the natural gas sector would help the domestic gas producers to contain costs

Natural gas production no longer profitable business: ONGC

As the govt-mandated gas price is significantly below the cost of production

Natural gas production no longer profitable business: ONGC

Said producing at the government-mandated gas price is significantly below the cost of production

Natural gas price likely to be hiked by 8%

Prior to the October cut, rates were reduced by 20% to $3.06 from April 1, 2016

Exclusivity in city gas distribution network to affect competition

Monopoly to allow CGD network developer to exploit the customers in absence of serious competition

"Revoke notification on input tax credit withdrawal on gas in Gujarat"

Assocham says cost of RLNG has shot up to 15% for gas distributors based outside Gujarat

India in talks with Russia to swap natural gas with China

So in effect Russia will supply gas to China and in return China will give its share of gas from Myanmar to India

Not a pipe dream: Govt to set up national gas hub

The proposed gas-trading platform will be similar to international hubs such as Henry Hub (US) & National Balancing Point (UK)

India says will not change domestic gas price formula

On September 30, the government reduced the price of natural gas produced in India by 18 percent