{"id":288379,"date":"2019-08-22T06:46:29","date_gmt":"2019-08-22T06:46:29","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=288379"},"modified":"2019-08-22T06:46:29","modified_gmt":"2019-08-22T06:46:29","slug":"a-4-billion-bet-by-asias-richest-man-is-hurt-by-too-much-gas","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/a-4-billion-bet-by-asias-richest-man-is-hurt-by-too-much-gas\/","title":{"rendered":"A $4 billion bet by Asia&#8217;s richest man is hurt by too much gas"},"content":{"rendered":"<p>NEW DELHI: A global glut in natural gas is threatening to undermine a $4 billion investment by Reliance Industries Ltd aimed at boosting profits at the world\u2019s largest oil refining complex.<br \/>\nThe project made all the sense in the world when energy magnate Mukesh Ambani\u2019s conglomerate announced it in 2012: convert petroleum coke, or petcoke, one of the cheapest and dirtiest refinery by-products, into gas needed to power the massive Jamnagar complex on India\u2019s west coast. Then it hit about three years of delays, and global gas markets crashed amid a growing supplies of liquefied cargoes from the US, Australia and Russia.<br \/>\nThe 10 synthetic gasifiers that make up the project are now finally commissioned. But the imported LNG they\u2019re meant to displace has fallen from about $15 per million British thermal units in 2012 to less than $5.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: A global glut in natural gas is threatening to undermine a $4 billion investment by Reliance Industries Ltd aimed at boosting profits at the world\u2019s largest oil refining complex. The project made all the sense in the world when energy magnate Mukesh Ambani\u2019s conglomerate announced it in 2012: convert petroleum coke, or petcoke, one of the cheapest and dirtiest refinery by-products, into gas needed to power the massive Jamnagar complex on India\u2019s west coast. Then it hit about three years of delays, and global gas markets crashed amid a growing supplies of liquefied cargoes from the US, Australia [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-288379","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=288379"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288379\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=288379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=288379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=288379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}