GAIL seeks 60 cargoes over five-year period, say sourcesIndia's largest natural gas distributor is seeking one LNG cargo a month to be delivered from April 2025 to March 2030 at a price linked to...
08 Nov, 2024, 02.34 PM IST
NSE inks data licensing pact with CME Group for WTI crude oil, natural gas derivatives contractsThe addition of NYMEX WTI Crude Oil and Natural Gas (Henry Hub) contracts will expand the NSE product offering and its overall commodity se...
15 Feb, 2023, 04.29 PM IST
Kirit Parikh committee to review local gas pricing formula to tame inflationIndia links local gas prices to a formula tied to global benchmarks, including Henry Hub, Alberta gas, NBP and Russian gas with a lag of on...
06 Sep, 2022, 03.29 PM IST
City gas distributors feel the heat as global fuel prices soarGlobal gas prices are rising again after falling by nearly 50 per cent in the past two years. The US benchmark Henry Hub price rose to $ 5/...
01 Oct, 2021, 06.01 AM IST
India slashes natural gas prices to multi-year low of $1.79/mmBtuThis would be the lowest price since 2014, when the nation began linking local rates to a formula tied to global benchmarks, including Henr...
30 Sep, 2020, 07.55 PM IST
BP to write off up to $17.5 bn after reduced oil price forecastBP revised its assumptions for benchmark Brent crude oil prices to an average of about $55 a barrel between 2021 and 2050. It will also ass...
15 Jun, 2020, 12.32 PM IST
India to launch gas trading hubOil regulator PNGRB has sought bids to hire a consultant to help develop a regulatory framework for operationalising the gas trading/exchan...
16 Apr, 2018, 03.10 PM IST
Gail’s cheaper offer may impact gas pricing formulaGail's gas deal is linked to Henry Hub, the US benchmark, where prices have fallen to $4.7 per unit due to shale gas boom.
09 Jun, 2014, 12.29 PM IST
GAIL offers to sell US gas at cheaper rate than Liquefied Natural Gas from QatarAfter adding the cost of turning the gas into liquid and shipping it to India, the landed cost will come to between $12 to 13 per mmBtu.
08 Jun, 2014, 01.31 PM IST
LNG from US to cost GAIL India USD 10.5 per mmBtuLNG from the US will cost around USD 10.5 per million British thermal unit and will be the cheapest LNG to have been contracted ever by Ind...
22 Jul, 2013, 05.26 PM IST
- Government divided over linking LNG prices to international benchmarks
Sharp differences have emerged in the government over the issue of liking natural gas prices with international benchmarks.
26 Apr, 2013, 04.07 AM IST
Petronet signs first US deal; to import 4 million tonnes of LNGPetronet LNG has signed an initial agreement with Houston-based United LNG to annually buy 4 million tonnes of liquefied natural gas .
25 Apr, 2013, 04.06 PM IST
RIL chairman Mukesh Ambani, BP's CEO Bob Dudley meet PM, seek clarity on gas pricingAmbani and Dudley met Prime Minister Manmohan Singh and top officials to press for quick approvals and marketbased price of natural gas.
16 Apr, 2013, 04.25 AM IST
- US should ease rules for LNG exports, says GAIL
GAIL India today said Washington should relax rules so that it can buy more liquid gas (LNG) to meet India's growing energy needs.
30 Jul, 2012, 08.45 PM IST
India bows to US pressure, cuts Iran oil import by 11%The US and EU have been pressuring New Delhi to halt buying crude from Iran as they try to arm-twist Teheran into abandoning its nuclear pr...
16 May, 2012, 06.08 AM IST
- Oil and gas operators including RIL oppose gas price pooling
An association of oil and gas operators, which boasts of members like Reliance Industries, has opposed pooling or averaging of different ga...
02 Feb, 2012, 04.31 PM IST
- GAIL inks 20-year LNG import deal with US firm Sabine Pass Liquefaction
Tripathi said: “The agreement with Cheniere will help company to ensure long term gas supply for the growing demand in the Indian market.”
12 Dec, 2011, 04.48 AM IST