Shale Gas Sector

LPG is best known to consumers as propane or butane used in heating appliances and vehicles. But it is also used in the petrochemicals industry and the electricity sector, acting as a replacement for diesel in generators and power stations.

Japanese Prime Minister Shinzo Abe launched a five-country Latin American tour in Mexico on Friday, keen to strike energy deals on the heels of the Chinese president's visit to the resource-rich region.

The deal street in the energy sector is hotting up again and its the cash-rich public sector oil firms that are planning big. ONGC, after making the $5-billion deal to acquire ConocoPhillips 8.4 per cent stake in the Kashagan field off North Caspian Sea, is learnt to be in talks to buy Videocons 10 per cent stake in Mozambique's Rovuma basin.

LPG is best known to consumers as propane or butane used in heating appliances and vehicles. But it is also used in the petrochemicals industry and the electricity sector, acting as a replacement for diesel in generators and power stations.

Japanese Prime Minister Shinzo Abe launched a five-country Latin American tour in Mexico on Friday, keen to strike energy deals on the heels of the Chinese president's visit to the resource-rich region.

The deal street in the energy sector is hotting up again and its the cash-rich public sector oil firms that are planning big. ONGC, after making the $5-billion deal to acquire ConocoPhillips 8.4 per cent stake in the Kashagan field off North Caspian Sea, is learnt to be in talks to buy Videocons 10 per cent stake in Mozambique's Rovuma basin.