Qatar crisis not to affect LNG exports to India, China
The Dollar Business Bureau With the recent crisis in Qatar of boycotting Doha by four Arab nations, liquefied natural gas (LNG) exports from the country to the Asian countries including India, China, Japan and South Korea, have not to be impacted, said a Qatari official. “Exports of liquefied natural gas (LNG) to India, Japan, China and South Korea have not been affected by the boycott of Qatar by four Arab states, said Qatar’s Energy Minister Mohammed al-Sada on Monday. The Minister said that the exports from Qatar to the four Asian nations make up for around three-fourth of the country's overall exports. Qatar’s exports to the Bahrain, Saudi Arabia and the United Arab Emirates account for only 8%, al-Sada said in a statement. “Qatar remains committed to all its agreements with its partners and is determined to ...
India to build pipelines for supply of diesel and gas to Bangladesh
The Dollar Business Bureau As part of the Framework of Understanding (FoU) on Cooperation in the Hydrocarbon Sector with Bangladesh, India is going to build two pipelines for diesel and natural gas between the two countries. The FoU was approved by the Cabinet soon after the recent visit of Bangladeshi Prime Minister Sheikh Hasina. The said FoU is non-binding in nature and expires after five years. With an objective of strengthening energy ties with its neighbours to enhance regional energy security, India will build a 131 km pipeline for diesel transportation from Siliguri in West Bengal to Parbatipur in Bangladesh. Another pipeline for natural gas will be laid from Dattapulia in West Bengal to Khulna in Bangladesh. The 'Friendship pipeline' which will offer a logistical alternative to rail transportation of diesel, will be entirely financed by India. The ...
Pradhan meets US energy secretary, discusses LNG deal
PTI Minister of State for Petroleum and Natural Gas Dharmendra Pradhan has discussed with new Energy Secretary Rick Perry the possibility of importing LNG from the US and Indian investment in the energy sector there.Pradhan met Perry during an unscheduled trip to the US Capitol and discussed energy cooperation between India and the US, Indian investment in Liquefied natural gas (LNG) and Shale sectors, and the possibility of the US exporting LNG to India from early next year.Perry said co-operation between India and the US in the energy sector is in mutual interest as India's energy need is set to see a rapid increase as the economy expands.Pradhan arrived in Washington DC from Houston, a city located near the Gulf of ...
India may increase gas imports from US at the right price: Pradhan
The Dollar Business Bureau Oil Minister Dharmendra Pradhan said on Monday that India might raise its imports of liquefied natural gas (LNG) from the US at the right prices, even though various other importers in the country are trying to do away with the costly oil supplies from the US. State-owned company Gas Authority of India Ltd (GAIL) entered into a swap agreement with the trading company Gunvor to supply some of its LNG from the US as the company is trying to reduce costs for price-sensitive buyers following a steep decline in the Asian spot prices that made its US LNG unattractive, reported a leading media agency citing sources. GAIL Ltd has signed a deal for most of its capacity from ...
Australias LNG Ltd signs 20 yr deal to supply gas to India
The Dollar Business Bureau Australian public listed company Liquefied Natural Gas Ltd (LNG Ltd) has signed a deal for potentially supplying gas to India from its proposed Magnolia LNG Project in the US for 20 years. LNG Ltd entered into a Heads of Agreement (HOA) with Vessel Gasification Solutions, Inc (VGS) for supplying 4 million tonnes of LNG a year from its project in Lake Charles, Louisiana, for 20 years, LNG said in a statement. “The non-binding HOA provides for a 20-year Free-on-Board (FOB) Sale and Purchase Agreement (SPA) of up to 4 million metric tonnes per annum of liquefied natural gas,” it said. VGS Group is an Indian-American company, which is setting up an LNG floating import and regasification unit on the ...
H-Energy gets nod to lay a 635 km gas pipeline
The Dollar Business Bureau H-Energy Pvt Ltd (HEPL), the energy arm of Hiranandani Group, has been provided the rights by the Petroleum and Natural Gas Regulatory Board (PNGRB) for laying gas pipeline of 635 km between Jaigarh in Maharashtra and Mangalore in Karnataka. The pipeline will link Jaigarh in Maharashtra’s Ratnagiri district, Panjim in Goa, Karwar in Uttara Kannada district and Udupi district in Karnataka before ending at Mangalore. “The entity is allowed a maximum period of 36 months from the date of issue of the authorisation letter for commissioning of the natural gas pipeline project,” the petroleum regulator said in an order. The capacity of the pipeline is to carry 17 million metric standard cubic meters per day (mmscmd) of natural ...
India taking lead to create alliance of gas importers
The Dollar Business Bureau Union Oil Minister Dharmendra Pradhan said that India is taking a lead for creating an alliance of gas importers all over the world for ‘reasonable and affordable pricing’. Pradhan told the reporters, "We must have cooperation between all the LNG (Liquefied Natural Gas) and gas consuming countries, we must create a situation for a reasonable, rational and affordable price. India is taking the lead to create a network between these major gas consumers.” He added that calling gas an important fuel will be an important constituent for the country’s energy basket. The state-run GAIL is taking a lead in the negotiations between companies at the international level. GAIL is already in contact with the companies in South Korea and Japan. ...
L&T bags Qatar 2022 World Cup stadium contract
The Dollar Business Bureau Indian multi-national conglomerate, Larsen & Toubro (L&T) Ltd, has bagged a contract for building a stadium worth $135 million for 2022 World Cup in Qatar, said an official.This will be a shot-in-the arm to the company, which is going through a lean period in the Middle East due to low prices of oil. “As part of a joint venture with Qatar-based Al Balagh Trading & Contracting, L&T will build the Al Rayyan stadium having 40,000-seating capacity,” an official in Qatari government disclosed to Reuters.The Supreme Committee for Delivery and Legacy (SCDL) said on Monday that the joint venture will rebuild the Al Rayyan Stadium within three years. L&T is one of the biggest industrial groups in India and ...
