LNG

Ltd, India's biggest gas importer, will invest Rs 40,000 crore in the next five years for expanding import infrastructure as well as foraying into new business to boost profitability to Rs 10,000 crore. Petronet, which operates two…

The government is planning to overhaul the natural gas pricing policy with an aim to cushion consumers from global shocks and ensure fair rates for both buyers and producers, according to people familiar with the matter. The oil ministry…

NEW DELHI: State-run gas utility GAILon Friday announced a target of achieving net zero emission from operations by 2040 by foraying into green hydrogen, renewables and biofuels but did not disclose proposed investments to achieve the…

MUMBAI: ArcelorMittal Nippon Steel India (AM/NS India) has inked an agreement with Essar Group to buy certain infrastructure assets that are “strategic” to its steel-making operations in the country. Following this pact, the two parties…

NEW DELHI: Union road transport and highways minister Nitin Gadkari on Friday took a swipe at the trend of frequent maintenance and relaying of roads due to bad quality of construction. He said frequent maintenance brings “a lot of…

India's automotive industry has urged the Ministry of Petroleum and Natural Gas to lean on gas companies to reduce prices after the Centre had stepped in to boost domestic supplies of the fuel. In the wake of the 50-60% increase in gas…

NEW DELHI: The oil ministry has ordered the diversion of natural gas from industries to the city gas distribution sector to cool CNG and piped cooking gas prices that have shot up by 70% on the use of imported fuel. Less than three…

The price of cooking gas piped to household kitchens in the national capital and adjoining cities was hiked by Rs 2.63 per unit on Friday, the second increase in rates in less than two weeks. Piped cooking gas in Delhi will now cost Rs…

India's natural gas consumption is shrinking as refiners, power producers and petrochemical plants are using less of the pricey fuel. Domestic consumption fell 2.5% year-on-year in the first quarter of FY23 while gas imports declined…

Russia has defaulted on the supply of at least 5 cargoes or shiploads of LNG to India after its retaliatory sanctions hit one of the companies that supply gas to India, sources said. India's largest gas firm GAIL has a long-term deal to…