With each passing day more and more clarity is emerging within the government that it should reserve all rights when it comes to natural resources. For full story, click here
Continue reading "Oil Ministry for Govt. Control on RIL’s K-G Gas Basin Gas"
Thursday, July 23, 2009
The government on Thursday declared demand for gas from power and fertiliser plants will surge by 28 per cent to 202.83 million cubic meters per day in three years. For full story, click here
Continue reading "Gas Demand from Power, Fertiliser Plants to surge 28% in 3 years"
Wednesday, June 24, 2009
The province and city of Maputo in Mozambique as well as the northern area of Inhambane province will have natural gas as of 2012 under the terms of concession contracts for Empresa Nacional de Hidrocarbonetos approved Tuesday by the Mozambican government. For full story, click here
Continue reading "Maputo will supply with Natural Gas in 2012"
Friday, June 12, 2009
Setting the agenda for the Government for the first 100-days, the Petroleum Federation of India has asked the Government to decontrol petrol and diesel prices and to also restore tax breaks on natural gas output and tax holiday for private oil refiners. For full story, click here
Continue reading "PetroFed wishes decontrol of Petrol, Diesel prices"
Wednesday, June 3, 2009
The Indian government has plans to take up all main gas pipeline projects in the country to ensure their speedy implementation, in a move that could end the dominance of Gail India and Reliance Industries in the sector. For full story, click here
Continue reading "Indian Government to build National Gas Highways"
Wednesday, June 3, 2009
The Indian government is mulling levy of small cess on natural gas to fund construction of national gas highway network even as it plans to extend LPG reach to rural areas and launch smart cards for kerosene. For full story, click here
Continue reading "Indian Govt. announced plans to impose cess on natural gas"
Tuesday, June 2, 2009
The government declared that it will lose Rs 40,000 crore in revenues if natural gas output is given tax breaks, the revenue department in the Finance Ministry has opined, an assessment disputed by experts. Petroleum Minister Murli Deora stated: The Income Tax holiday should be applicable for both oil and gas exploration, especially because at the exploration [...]
Continue reading "Govt. will loose Rs 40K cr with tax breaks in natural gas output"
Tuesday, May 19, 2009
Prime Minister Manmohan Singh’s government, which won the national election in India this month, may ease curbs on fuel pricing and restore a tax break for gas output. For full story, click here
Continue reading "ONGC: India’s new govt. may ease curbs on fuel prices"
Wednesday, May 13, 2009
The government may levy a cess on domestically produced natural gas to fund construction of gas pipeline network. For full story, click here
Continue reading "Govt. of India will levy cess on Natural Gas"
Monday, May 4, 2009
The government will allocate natural gas from Reliance Industries’ Bay of Bengal KG-D6 fields to companies like Essar Steel if any of the consumers it has currently identified is unable to use the fuel. For full story, click here
Continue reading "Govt. will reallocate RIL Gas if existing purchasers back out"
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Saturday, July 25, 2009