The government of India delayed roadshows to promote India’s leading ever auction of oil and gas blocks to June due to investor concerns on lack of clarity on tax breaks for natural gas production. For full story, click here
The Government reported that it has launched the biggest auction of oil & gas exploration blocks even as global energy producers cut investments in the face of slipping prices and the worst economic slump since the World War II. For full story, click here
Domestic demand for natural gas has sharply risen as government boosts gas utilization projects, with the latest signing of 12 natural gas sales agreements between state oil and gas company Pertamina and its business partners. BP Migas deputy chairman for financial economy and marketing Djoko Harsono stated: Demand has sharply increased in the latest five [...]
China will not necessarily increase natural gas prices even though the government is working to reform the gas pricing system. For full story, click here
As per the report provided by French Finance and Environment Ministries, the price of natural gas for private and industrial consumers in France will dip by 11.3% on April 1. For full story, click here
The refiners will get bonds from the government to cover the remaining amount. The accounts will be settled at the end of the financial year. For full story, click here
Energy firms may have to wait a little longer to avail a seven-year tax holiday on natural gas production For full story, click here
The government had put in place the existing subsidy burden-sharing regime for the petroleum sector as a strategy to cushion domestic fuel consumers from the impact of rising prices of crude oil in the international market. For full story, click here
Anil Ambani’s Reliance Natural Resources (RNRL) has strongly criticised the government for fixing the selling price of gas from Reliance Industries’ (RIL) Krishna Godavari (KG) basin at $4.2 per million metric British thermal unit (mmbtu). For full story, click here
Mukesh Ambani-led Reliance Industries (RIL) cannot sell to anybody at a price less than $4.20 per British Thermal Units without its approving the pricing formula, the government informed the Bombay HC. For full story, click here For RIL’s website, click here
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