ONGC has clarified that the proposed move to increase the administered price of natural gas will have a minimal or low impact on Compressed Natural Gas (CNG) consumers.In a clarification to media reports that the Ministry of Petroleum and Natural Gas (MoP&NG) has proposed to increase the price of Administered Pricing Mechanism (APM) gas being produced by the National Oil Companies (NOCs) - ONGC and...
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To expand its footprint in auto and piped natural gas retailing, Essar Oil has tied up with Aegis Logistics, Elf Gas and SHV to roll out auto LPG dispensing stations in the country.At present, nearly all gas retailing, auto and piped, is with public sector units such as Indraprastha Gas (IGL) and Mahanagar Gas (MGL). Industry players say private companies like Reliance Industries, British Gas and Adani...
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ONGC has clarified that the proposed move to increase the administered price of natural gas will have a minimal or low impact on Compressed Natural Gas (CNG) consumers.In a clarification to media reports that the Ministry of Petroleum and Natural Gas (MoP&NG) has proposed to increase the price of Administered Pricing Mechanism (APM) gas being produced by the National Oil Companies (NOCs) - ONGC and...
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State-run Oil and Natural Gas Corp will commence gas production from its C-series fields on the western offshore from December 1, ONGC chairman R S Sharma said today."The initial production will be around one-million standard cubic metres of gas per day (mmscmd), which will be scaled up to 3 mmscmd within a year," Sharma told reporters here.He said the price of gas has not been finalised yet, but "will...
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a long list of reasons to get cheap gas scooters. Cheap here is not dirty cheap but cost-effective alternatives to gas vehicles. Spiral costs of gas, sending people to scooter retailers for most practical to buy time. Cheap gas scooters can take them to the town without burning holes in their pockets.Fortunately, for the younger set, there are trendy cheap gas scooters, which they can go with pride...
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Empowered Group of Ministers (EGoM) on gas allocation will meet on Tuesday to discuss additional allocations of gas from the Krishna Godavari (KG) gas fields of Mukesh Ambani’s Reliance Industries Ltd (RIL).This time around, gas allocations will also be made to sectors other than the power, fertiliser and city gas distribution and will include allocations to steel, petrochemicals, LPG and refineries.While...
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RIL to use quota only for power generation.Reliance Industries Ltd (RIL) has decided not to use its allocation of gas from the Krishna-Godavari basin’s D6 field for petrochemical production; it will, instead, swap it with gas available from other sources. It will use D6 gas only for power generation.It is doing so, it says, since D6 gas is lean in nature and cannot be used for producing petrochemicals....
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Petroleum Minister Murli Deora today clarified that the proposed National Gas Highway Authority will not duplicate the role of Petroleum Natural Gas Regulatory Board (PNGRB). Addresing the Economic Editors' Conference here, Mr Deora said the envisaged Authority is for the development of natural gas pipelines across the country as there are many regions which do not have the access to natural gas, a...
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overseas arm of Oil and Natural Gas Corp (ONGC) has been allowed to make an investment of up to $173.85 million in a hydrocarbon assets in Myanmar.The decision was taken at a meeting of the Cabinet Committee on Economic Affairs presided over by Prime Minister Manmohan Singh.The investment has been approved for gas blocks blocks A-1 and A-3 in Myanmar Natural Gas Development Project by ONGC Videsh Ltd...
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visitEnergy companies started predicting a sharp cutback in the amount of natural gas pumped in the U.S. more than a year ago.But even though gas prices now hover 30% below a year earlier, the promised reduction never came. And this week, two major natural-gas companies reported big increases in production, while a third, Devon Energy Corp., announced that its new East Texas well was yielding 31 million...
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