Mukesh Ambani’s Reliance Industries, India’s most valuable company, was ordered to sell natural gas to a company owned by his younger brother Anil for 44 percent less than the government-set price. For full story, click here
Oil and Natural Gas, India’s biggest explorer, slipped in Mumbai after Chairman R.S. Sharma declared the company may have had $630 million of losss selling natural gas at below cost last fiscal year. For full story, click here
The government has announced 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
India declared that it can still join a natural gas deal between Iran and Pakistan, Tehran and Islamabad had signed an agreement on the exports of Iranian gas. For full story, click here
Indian state-run explorer Oil and Natural Gas Corp plans to commence gas output in a field off India’s east coast by April next year. For full story, click here
A subsidiary of India’s Jindal Power & Steel Ltd. declared that it has found new natural gas reserves in a well in eastern Bolivia. For full story, click here
India’s oldest and leading gas transmission company, Gas Authority of India Limited, after approval from the ministry of petroleum and natural gas, is all set to commence work on the ambitious 876 km Jagdishpur-Haldia natural gas pipeline which would pass through Uttar Pradesh, Bihar, Jharkhand and West Bengal. GAIL chairman-cum-managing director U D Choubey stated: [...]
India’s natural gas market is set to change dramatically over the next few months. But what remains to be seen is whether the projected exponential growth actually materialises or the market is stymied even before it takes off. For full story, click here
India’s natural gas output is expected to grow by over 60 per cent in the current fiscal on the back of higher output from Reliance Industries’ eastern offshore KG basin block. For full story, click here
GAIL India Ltd. announced that it is planning to lay a 1,100 km pipeline, primarily to transport gas from Reliance Industries Ltd’s D6 block off the east coast to industries in the central and northern parts of the country. For full story, click here
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