Liquid Natural Gas

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  India's Top Gas Importer Sees LNG Price Surge Spurring Long-Term Contracts

  Surging liquefied natural gas (LNG) prices are pushing buyers to look at securing long-term contracts possibly with an option for a floor and ceiling price to hedge against extreme volatility, the CEO of India's top gas importer said.

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  Delhi EV Move May Help Save Rs. 6,000 cr In Fuel Imports

  Over their lifetime, these EVs are estimated to help save Rs 6,000 crore in oil and liquid natural gas imports and 4.8 million tonnes of CO2 emissions, which is equivalent to CO2 emissions from nearly 100,000 petrol vehicles over their lifetime.

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  Qatar Petroleum Boss Says Donald Trump 'Very Positive' For Oil

  The head of energy giant Qatar Petroleum has shrugged off fears that any potential protectionist policies pursued by US President Donald Trump would impact on global oil and gas markets.

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  ONGC Net Profit Up 6%; Announces Bonus Share

  Oil and Natural Gas Corp reported 6 per cent rise in its second quarter net profit and announced a bonus share to increase liquidity ahead of government disinvestment.

• GAIL Reports 53% Drop in Q4 Profit

  The fall in net profit in fourth quarter, he said, was mainly due to decrease in volume of natural gas marketing, decrease in volume of natural gas transmission, lower price realisation of polymers and liquid hydrocarbon products and increase in cost of production of polymers due to usage of more RLNG.

• ONGC Disinvestment Unlikely This Fiscal Year

  The disinvestment of a 5 per cent stake in state-run Oil and Natural Gas Corp (ONGC) appears unlikely this fiscal year (2014-15) as the liquidity situation in the market is under stress after recent mega share sales while the subsidy issue remains unresolved.

• Petronet invites bids to lease out LNG storage tanks

  Petronet LNG Ltd, the nation's biggest importer of liquid natural gas, has invited bids to lease out under-utilised storage tanks at its recently commissioned LNG import facility at Kochi in Kerala.

• Odisha wants LPG subsidy deadline put off

  Odisha has sought an extension of the deadline for implementing the direct transfer of cash subsidy scheme for Liquid Petroleum Gas (LPG) cylinders in the state as many people do not have Aadhaar cards, a top officer said on Sunday.

• Government notifies new gas pricing formula; doubles rate to $8.4 a unit

  It said gas from April will be priced at an average price of liquid gas (liquefied natural gas or LNG) imports into India and benchmark global gas rates. This formula will be applicable for five years ie till March 31, 2019.

• Cabinet to decide on capping natural gas price hike

  The Union Cabinet had in June decided to price all domestically produced natural gas at an average of the price prevailing at international gas trading hubs and the actual cost of importing liquid gas (LNG).

• Petronet imports second LNG cargo at Kochi

  Petronet LNG Ltd, India's biggest buyer of liquefied natural gas, has received a second cargo at its newly constructed Kochi import terminal in Kerala. LNG carrier Fuwairit ferried 1,38,000 cubic meters of gas in liquid form from Qatar's Ras Laffan Liquefied Natural Gas Co (RasGas).

• Cabinet approves land for Indian Oil Corp's Ennore LNG terminal

  The Union Cabinet on Thursday approved leasing of land of Ennore Port Ltd for a Rs 4,320-crore liquid gas (LNG) import terminal being built by state-owned Indian Oil Corp (IOC). IOC plans to build a 5 million tonne a year liquefied natural gas (LNG) import facility at Katupalli (Ennore) by 2016.

• Indian Oil Corp seeks LNG contractor

  State-owned Indian Oil Corp (IOC) has called for bids for the construction of 5 million tonne a year liquid gas import terminal at Ennore in Tamil Nadu.

• BP plc says $8-8.50 inadequate for developing deepsea gas finds

  UK's BP plc has said that Rangarajan Committee recommendation of doubling domestic natural gas price to $8-8.5 per mmBtu will be inadequate for bringing high risk deepsea discoveries to production.

• ONGC to sign pact for Mangalore LNG terminal on March 18

  State-owned Oil & Natural Gas Corp (ONGC) will sign an agreement on Monday to conduct feasibility of setting up $500-750 million liquid gas (LNG) import terminal at Mangalore.