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Liquefied Natural Gas News

26 Sep 2017

Rpower 750MW LNG proj to achieve financial closure in FY18

Reliance Power has signed an MoU with the Bangladesh government to develop 3,000 MW LNG project in Meghnaghat and 500 mmscfd LNG Terminal at Qutubdia Island in Bangladesh.

India Australia LNG

11 Sep 2017

India to buy 1 mt Australian LNG more after new price maths

In the new formula, Gorgon LNG delivered at Indian port will cost USD 6.95 per mmBtu.

11 Sep 2017

Petronet set to buy extra 1 million tonnes Australian LNG from Exxon

The deal for additional volumes is yet to be signed.

07 Sep 2017

Petronet-Japanese company to build Sri Lanka's first LNG terminal

Sri Lanka has invited Petronet LNG Ltd, India's biggest gas importer, and Japanese company to jointly build the Island nation's first liquefied natural gas (LNG) terminal near Colombo.

Trump administration

28 Mar 2017

'Trump admin may approve major export of natural gas to India'

The Trump administration is expected to give its consent for major export of natural gas to energy-hungry India, a senior US official has said, underling that energy sector is likely to be a major area of bilateral co-operation.

Indian Oil Corp Ltd

21 Sep 2016

Indian Oil, GAIL to take 49% stake in Adani Group's Dhamra LNG project

State-owned refiner Indian Oil Corporation (IOC) and gas utility GAIL India Ltd Wednesday signed pacts to take 49 percent stake in Adani Group's Rs 6,000-crore Dhamra LNG project in Odisha.

30 Mar 2016

Kuwait signs $2.9 billion gas facility deal with Korean firms

Kuwait Tuesday inked a USD 2.93 billion contract with three South Korean firms for the construction of the largest Liquefied Natural Gas (LNG) import facility in the oil-rich country.

Liquefied Natural Gas

25 Mar 2016

Gas-based power projects may forgo concessions: Ind-Ra

After negative bids for imported re-gasified liquefied natural gas for stranded gas-based power projects, concessionaires may decide to reduce these concessions going forward, says India Ratings.

10 Feb 2016

Qatar and Pakistan sign `$16 billion` gas deal

Qatar signed a long-term deal with Pakistan on Wednesday to export liquefied natural gas, according to state media in the Gulf.

23 Nov 2015

Qatar to waive $1 billion penalty on India for lower gas offtake

In a significant development, Qatar has agreed to waive USD 1 billion penalty on India for breaking a long-term LNG contract, and has also consented to change the pricing formula to reflect the slump in global energy rates.

29 Oct 2015

India asks Qatar to cut gas price in line with global slump

India has asked its largest liquefied natural gas (LNG) supplier Qatar to cut prices to match a 40 percent slump in global rates as well as waive penalty for not buying all of the contracted fuel.

Transparent Cylinder

14 Oct 2015

Soon, transparent LPG cylinders to keep a tab on gas theft

Such transparent cylinder will come at anything between Rs 2,500-3,000.

European Commission

02 Sep 2015

European Commission approves Shell's purchase of BG Group

The European Commission gave its approval Wednesday of Royal Dutch Shell's planned acquisition of Britain's BG Group in a deal that must also be cleared by Australian and Chinese regulators.

Petronet LNG Ltd

01 Sep 2015

Petronet to raise Rs 1,000 crore through bonds issue

Petronet LNG Ltd, India's biggest liquefied natural gas importer, will raise Rs 1,000 crore through bonds issue this fiscal mostly to pay off its existing debt.

Prabhat Kumar Singh

30 Jul 2015

Petronet LNG appoints Prabhat Singh as MD & CEO

Prabhat Kumar Singh will be the new Managing Director and CEO of Petronet LNG Ltd, India's biggest liquefied natural gas importer.

17 Jul 2015

GAIL to swap US LNG, issue tender next month

State-owned gas utility GAIL India plans to swap over one-third of the liquefied natural gas (LNG) it has contracted from US with a gas seller nearer to India to save on transportation costs.

27 May 2015

GAIL sells some of its US LNG to Shell

GAIL (India) Ltd has sold some of its liquefied natural gas (LNG) from the U.S. portfolio to European energy major Royal Dutch Shell ahead of production from early 2018, its head B.C. Tripathi said on Wednesday.

20 May 2015

GAIL in talks with Shell to sell US LNG supply

India`s Gail has signed a preliminary deal with Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production, three sources with knowledge of the matter said.

28 Apr 2015

Shell to raise Hazira LNG plant capacity by 50% in 2016/17

Hazira LNG Ltd will expand the capacity of its liquefied natural gas (LNG) terminal on the west coast by 50 percent to 7.5 million tonnes per annum (mtpa) in the fiscal year to March 2017, a government panel report said.

27 Apr 2015

India asks Qatar to lower LNG price to match global slump

India buys 7.5 million tonnes a year of LNG on a long-term 25 year contract, indexed to a moving average of crude oil price.

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