Categories Tone Reach No end in sight to power crisis | The Hindu ...... Efforts by Andhra Pradesh to get share of the natural gas allotted to Gujarat and Maharashtra from K-G Basin for revival gas-based power plants, has ended in a failure as the two States are unwilling to participate in "gas swap" proposed by the Central Electricity Authority (CEA). Some States of the upcountry grids have surplus power but Andhra Pradesh is not in a position to buy at least a ......
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FinMin to release Rs.1 lakh crore oil subsidy | The Hindu ...... adding transportation cost and customs duty to the international price. The subsidy issue was resolved after a meeting between the Finance Minister, P. Chidambaram, and Petroleum and Natural Gas Minister Veerappa Moily in the presence of Dr. Singh. The difference between the EPP and the present formula of trade parity price (TPP) is about $3-4 a barrel. It had been decided to take a final ......
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Oil Ministry proposes gas price hike to $6.7 - The Hindu ...... Oil Ministry has moved a Cabinet note to raise the price of natural gas produced by state-owned ONGC and OIL as well as private firms like Reliance Industries to USD 6.7, less than USD 8-8.5 hike previously expected. In a note for the Cabinet Committee on Economic Affairs (CCEA), the ministry has proposed raising gas price for state run firms immediately and that for RIL from April 2014, ......
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Oil Ministry recommends hike in natural gas price - The Hindu ...... The Petroleum and Natural Gas Ministry has moved a Cabinet note recommending a $6.7 per million metric British thermal unit (mmBtu) price for domestically produced gas. The issue is likely to be taken up by the Cabinet Committee on Economic Affairs (CCEA) this week. The present price of $4.2 per mmBtu ends on March 31, 2014, and a new pricing formula has to be in place by that time. ......
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GEECL wins 25 % stake in ONGC's Raniganj CBM block - The Hindu ...... Great Eastern Energy Corporation Ltd. (GEECL), on Monday, said it had won a 25 per cent stake in Oil and Natural Gas Corporation's (ONGC) Raniganj coal-bed methane (CBM) block in West Bengal. Confirming the development, Prashant Modi, President and COO of GEECL said: "We are delighted to have been selected as the perfect bidder by ONGC on this key CBM Indian development opportunity. This ......
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U.S. clears shale gas export to India - The Hindu ...... Opening up the prospects of export of shale gas to energy-starved India, the U.S. has granted conditional authorisation to export domestically-produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with it. In a decision, which has major implications for India, the Department of Energy, on Friday, announced that it had conditionally authorised ......
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Land, a key issue in tapping shale gas potential: ONGC chief - The Hindu ...... Land is one of the major challenges that would have to be handled strategically before India could tap its resources of shale gas, Chairman and Managing Director of Oil and Natural Gas Corporation, Sudhir Vasudeva, said. Shale gas, which is natural gas trapped in shale formations, is being seen as a supplement to conventional oil and gas. Delivering the keynote address at a discussion forum ......
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Kiran pitches for more coal, gas - The Hindu ...... a strong pitch for allocation of additional coal and gas from the KG basin to help the State overcome the ongoing acute power crisis. The Chief Minister called on Union Petroleum and Natural Gas Minister M. Veerappa Moily, Minister of State Jyotiraditya Scindia and Defence Minister A.K. Antony who is heading the Empowered Group of Ministers on gas allocation and pricing on Thursday. The ......
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OMC's directive on LPG supply to those having many connections - The Hindu ...... households having multiple connections for which no Know Your Customer (KYC) details have been received would be stopped from that day. This follows a directive from the Petroleum and Natural Gas Ministry to the oil companies. No transactions, including delivery of non-subsidised cylinders, would be permitted in such cases once such connections were blocked, a statement from IOC northern ......
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CCEA to take up gas pricing issue - The Hindu ...... With the Cabinet Secretariat returning the proposal of the Petroleum Ministry for raising the domestic natural gas prices from the present $4.2 per million metric British thermal unit (mmBtu) to almost double arguing that A. K. Antony-led Empowered Group of Ministers (EGoM) was not empowered to take such a decision, the Government, on Wednesday, indicated that the matter would more likely to ......
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DBT scheme to be launched in 20 districts next month - The Hindu ...... The Petroleum and Natural Gas Ministry on Wednesday announced that the Direct Benefit Transfer (DBT) scheme for the LPG consumers, putting subsidy cash directly into the account of beneficiaries, would be launched in 20 districts with high Aadhaar card penetration from June 1. The scheme is likely to be extended to the entire country from October this year. However, the catch in the DBT is ......
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Government set to launch DBT from June 1 - The Hindu ...... The Petroleum and Natural Gas Ministry on Wednesday announced that the Direct Benefit Transfer (DBT) scheme for LPG consumers, putting cash directly into the account of beneficiaries, would be launched in 20 districts of the country with high Aadhaar card penetration from June 1. The scheme is likely to be extended to the entire country from October this year. However, the catch in the DBT is ......
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Oil falls below $94 as recession drags on in Eurozone - The Hindu ...... barrel on the ICE Futures exchange in London. In other energy futures trading on Nymex - Wholesale gasoline fell 0.16 cent to $2.836 a gallon. Heating oil lost 2 cents to $2.853 a gallon. Natural gas added 2.3 cents to $4.047 per 1,000 cubic feet. 1. Comments will be moderated 2. Comments that are abusive, personal, incendiary or irrelevant cannot be published. 3. Please write complete ......
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2 Articles PML-N will revisit foreign policy: Sharif's aide - The Hindu ...... considered close to Saudi Arabia, also faces a big test in ensuring a balance in Islamabad's relations with Tehran. Saudi Arabia is said to be against Pakistan's plans to import natural gas from Iran. But the outgoing government led by the Pakistan Peoples Party rejected this pressure and went ahead with an agreement just days before its term ended. The PML-N chief's aide said that ......
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Vote for change appeals Malala - The Hindu ...... "It's an honour for me to share some words with my sisters and brothers in my country," Malala said in a letter carried by the Dawn newspaper. "If we want education, electricity and natural gas in our country, we must take a step," the 15-year-old said. "Let's vote for our country. We never realised how much powerful our vote is. One vote can change our future," she said. Pakistan's ......
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RIL to invest $5 billion in KG fields - The Hindu ...... block to reverse the trend of falling gas and crude oil output. The company has made reference to this in its annual report released on Thursday. "The KG-D6 fields produced 336 BCF of natural gas and 3.31 MMBBL of crude oil and condensate in 2012-13, reduction of 41 per cent in case of liquid portion and 39 per cent in case of natural gas on a year-on-year basis. The average production ......
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SC finds no merit in plea against Cairn-Vedanta deal - The Hindu ...... ultimately proved to be a wrong [one] [in] itself is not a ground to hold that the decision was mala fide or done with ulterior motives."The Bench noted that the Ministry of Petroleum and Natural Gas had, on September 26, 2011, conveyed to Cairn U.K. and its affiliates and Vedanta U.K. that the Government of India was pleased to grant its consent to the Cairn-Vedanta deal subject to the ......
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Government seeks clarification from RIL on revised KG-D6 investment plan - The Economic Times ...... plc of UK and Niko Resources "in August 2012 had submitted revised field development plan (RFDP) for D1 & D3 fields with downward revision in reserves," Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi said in a written reply to a question in Rajya Sabha. Without giving details of the RFDP, she said, "Clarifications have been sought from the operator RIL." The company had ......
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6 Articles Kerala gets first employability centre - The Hindu ...... would develop them into candidates fit for those jobs. Various programmes to help improve the skill of job aspirants in the construction, nursing, security, jewellery making, oil and natural gas sectors will be introduced shortly. 1. Comments will be moderated 2. Comments that are abusive, personal, incendiary or irrelevant cannot be published. 3. Please write complete sentences. ......
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India considering more investments in Iran - The Hindu ...... and Iranian officials on Saturday brainstormed the possibility of establishing a 12-lakh-tonne urea plant in Chabahar, taking advantage of the availability of Iran's exceptionally cheap natural gas . If the U.S. was the elephant in the room when delegates met across the giant horse-shoe table, Mr. Khurshid and Mr. Salehi the urbane Iranian Foreign Minister chose to ignore it. Mr. Salehi ......
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Trial run of aviation fuel pipeline to airport begins - The Hindu ...... means that it has taken nearly 40 lorries off National Highway No. 47 on one of its busiest stretches in Kerala. Mr. Panikker said that BPCL was awaiting clearance from the Petroleum and Natural Gas Regulatory Board for the LPG pipeline project. 1. Comments will be moderated 2. Comments that are abusive, personal, incendiary or irrelevant cannot be published. 3. Please write complete ......
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Very little space for easing: RBI - The Hindu ...... prices, before it increased somewhat in the second-half largely due to base effects, it said. The RBI said growth was hobbled by structural bottlenecks. Shortages of power, coal and natural gas , stoppage of mining activity in some states following legal enforcements on illegal mining had emerged as a major constraining factor for industrial growth. "Core industries have underperformed in ......
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ONGC's $5 bn Kazakh oil deal may fall through - The Economic Times ...... NEW DELHI: Oil and Natural Gas Corp's (ONGC) USD 5 billion deal to acquire US energy giant ConocoPhillips' stake in a Kazakhstan oil field looks set to fall through as India hasn't been able to convince the Central Asian nation to approve the transaction. Kazakhstan is considering exercising its pre-emption rights to buy ConocoPhillips's 8.4 per cent stake in the country's biggest oilfield, ......
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5 Articles MEA cautions IOC on Nepal project - The Hindu ...... In a strong letter to the Ministry of Petroleum and Natural Gas and the Indian Oil Corporation (IOC), the Ministry of External Affairs (MEA) has said it does not envisage funding, either as grant or credit', the India-Nepal Raxaul-Amlekhganj oil pipeline project. It has also advised IOC to exercise utmost caution' and avoid making any commitments', making the fate of the first-of-its-kind ......
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State urged to chip in to set up electronics manufacturing hubs - The Hindu ...... required to nurture manufacturing hubs in electronics, he said. V. Somasundaran, Additional Chief Secretary (Industries and Commerce), Government of Kerala, said skilled manpower and natural gas supply initiative would be advantageous for the setting up of electronics manufacturing clusters. Ajay Kumar, Joint Secretary, Department of Electronics and IT, Government of India, said the ......
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ONGC strikes gas in KG basin - The Hindu ...... Oil and Natural Gas Corporation (ONGC), on Tuesday, announced that it had struck natural gas in the KG basin next to RIL's D6 block. In a statement here, the company said it had found gas in an appraisal well drilled on the block KG-DWN-98/2, where it had earlier made nine gas discoveries. This was the second appraisal well in the block, and will give a significant boost to ONGC's ......
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State urged to chip in to set up electronics manufacturing hubs - The Hindu ...... required to nurture manufacturing hubs in electronics, he said. V. Somasundaran, Additional Chief Secretary (Industries and Commerce), Government of Kerala, said skilled manpower and natural gas supply initiative would be advantageous for the setting up of electronics manufacturing clusters. Ajay Kumar, Joint Secretary, Department of Electronics and IT, Government of India, said the ......
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BP seeks $1.5 bn incentive for deep-sea gas - The Hindu ...... domestic gas price suggested by the Rangarajan Committee. BP chief executive Bob Dudley on April 15 wrote to the Prime Minister seeking clear roadmap to market determined pricing of natural gas saying it will help the country cut its import of liquefied natural gas (LNG). He said the Rangarajan panel suggested pricing model, which would lead to domestic rates going up from $4.2 per ......
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Despite hurdles, Centre keen on pushing LPG cash transfer - The Hindu ...... it would take another 5 to 6 months to get the scheme rolling. The meeting was addressed by Finance Minister P. Chidambaram, Rural Development Minister Jairam Ramesh and Petroleum and Natural Gas Minister Veerappa Moily. 1. Comments will be moderated 2. Comments that are abusive, personal, incendiary or irrelevant cannot be published. 3. Please write complete sentences. Do not type ......
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Moily: BJP decision to stall Parliament till Chacko is sacked is undemocratic - The Hindu ...... Union Minister of Petroleum and Natural Gas Veerappa Moily lashed out at the Bharatiya Janata Party for threatening to stall the proceedings of Parliament till Joint Parliamentary Committee Chairperson P.C. Chacko was sacked. Mr. Moily described BJP general secretary Ananth Kumar's threat not to allow Parliament to function till Mr. Chacko was sacked as undemocratic. He added that it only ......
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