Oil and Natural Gas Corporation declared that it would hire a consultant for its plan to enter city gas distribution, keeping in view the high potential of growth. The company also declared it would be looking for a collaboration for the venture. For full story, click here
Brussels and Moscow want in on a deal between Nigeria, Niger and Algeria to construct a 4000-kilometer pipeline for natural gas. It could be a very lucrative venture, but it’s also comes with some serious risks. For full story, click here
Russia’s energy giant Gazprom has signed a $2.5bn deal with Nigeria’s state operated NNPC, to invest in a new joint venture. For full story, click here
Eni Spa declared that it will appeal a decision by Spain’s antitrust authority that allows Gas Natural to keep Union Fenosa assets including a stake in a joint venture with the Italian energy group. Eni Chief Executive Paolo Scaroni stated: We will appeal the Spanish antitrust’s decision. For full story, click here
PetroChina and Beijing Gas Group Co Ltd, an arm of Beijing Enterprises Holdings Ltd announced their plan to invest RMB 20 billion via a joint venture to build the third gas pipeline between Beijing and Shaanxi. For full story, click here
State gas utility GAIL India announced that it has won the rights to retail CNG and piped cooking gas in two cities Kota and Dewas in Rajasthan, while its joint venture with Hindustan Petroleum upset Reliance Industries to emerge top contender with another city. For full story, click here
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