GAIL says LNG supply from Gazprom will start from May

India’s state-owned gas supplier and developer GAIL Ltd plans to buy 0.5 million tonnes or eight cargoes of liquefied natural gas (LNG) from Russia’s Gazprom in 2018/19, its chairman and managing director B.C. Tripathi said. “The cargoes will start coming from May,” Tripathi told Reuters on Thursday at the International Energy Forum. GAIL renegotiated the […]

India renews call for reasonable oil prices

India on Thursday reiterated its call for reasonable global oil pricing and invited investment in its hydrocarbons sector in line with the country’s drive to attaining energy security. Noting that as the third largest energy consuming country India imports most of its oil and gas needs, Petroleum Minister Dharmendra Pradhan made the call for “responsible […]

Cabinet simplifies CBM exploration from CIL blocks

The Union cabinet on Wednesday approved simplifying exploration of coal bed methane from coal blocks allotted to Coal India Ltd. The Cabinet Committee on Economic Affairs granted relaxation to Coal India and its subsidiaries from applying for grant of license under the PNG Rules, 1959 for extraction of Coal Bed Methane (CBM) under their coal […]