Govt may allow the two promoters of Ratnagiri Gas & Power Pvt Ltd (Erstwhile Dabhol Power), GAIL India and NTPC, to keep 5-mn tonnes per annum LNG terminal as an integral part of the 1,850 mw power project. For full story, click here
The deepening financial crisis and collapse in oil prices is all but certain to delay a number of LNG projects, but consumers need not fear a shortage since an economic recession may stifle demand growth. For full story, click here
OVL, the overseas arm of the state-run ONGC, has received approval from National Iranian Oil Company (NIOC) on the feasibility report of its gas discovery in the Farsi block. For full story, click here
Gas transmission firm GAIL (India) Ltd plans to import one to two cargoes of liquefied natural gas (LNG) in the first quarter of 2009. For full story, click here
U. S. natural gas production from shale could double in the next 10 years, a spokesman for the natural gas industry said on Friday. For full story, click here
Compared to the 43 per cent erosion in the Sensex since mid-August, the IGL stock has shed just 7 per cent with a low of Rs 98 and a high of Rs 121. For full story, click here
Energy stocks moved within striking distance of their Oct. 10 lows with double-digit percentage losses Thursday, as oil futures closed at a three-and-a-half-year low, retail gasoline prices dipped within a whisker of $2 a gallon, and natural-gas shares dropped sharply on a surprise boost in weekly inventory data. For full story, click here
Natural gas prices have steadily fallen along with oil prices since the summer, and that has home heating forecasts being adjusted downward. For full story, click here
Two Turkish companies will explore and manage natural gas in Iraq with Shell Energy. For full story, click here
Citing falling natural gas prices, Chevron announced tht it has dropped plans to speed up its natural gas development program north of De Beque. For full story, click here
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