Search Result for : Natural Gas

The Dollar Business Bureau Eight core sectors of the economy witnessed a growth of 6.8% in the month of November 2017, mainly supported by a strong performance in sectors such as steel, refinery and cement, according to an official data. The combined index of eight core industries stands at 123.9 in November, 2017, which was 6.8% higher as compared to the index of November, 2016,” said a statement by the Ministry of Commerce and Industry. The cumulative growth of these infrastructure sectors was 3.9% during the April-November period the fiscal 2017-18 compared to 5.3% during the same period in the previous fiscal. The eight core industries - coal, refinery products, cement, crude oil, natural gas, fertilisers, electricity and steel - had recorded a growth of 3.2% in ...

The Dollar Business Bureau  An undersea gas pipeline of around 1,300 km from Iran, circumventing Pakistani territory, can bring natural gas to India from the Persian Gulf at prices below the rates of available LNG (liquefied natural gas) in spot market, a former oil secretary said on Tuesday. The natural gas to be imported through the pipeline estimated at over $4 billion would cost $5-5.50 per million British thermal unit (mmBtu) to reach Indian coast, less than than the prices at which some of the local fields supply natural gas, said TNR Rao, former oil secretary, while releasing a study on Iran-India gas pipeline. LNG imported into India via ships costs around $7.50 per mmBtu. “The pipeline can first travel to Oman, and then ...

The Dollar Business Bureau The Minister of Petroleum and Natural gas Dharmendra Pradhan said that his Ministry has taken up with the Government of Bangladesh for laying a pipeline carrying natural gas from Chittagong to Tripura to address the cooking gas shortage of the North East. In his response to the media in which he revealed the intentions of the Indian government, he said, “We are laying a pipeline for transportation of diesel from Siliguri in West Bengal to Parvatipur in Bangladesh. There is pipeline for carrying diesel from Numaligarh oil refinery in Assam to Siliguri. In exchange, we have given the proposal for a gas pipeline from Chittagong to Tripura. We are pursuing the matter diplomatically and I would also visit ...

The Dollar Business Bureau India plans to double its natural gas pipeline network to around 30,000 km in the coming 3-4 years as part of the strategy to move to a gas-based economy in order to reduce greenhouse emissions and the dependence on imports for oil, said Petroleum and Natural Gas Minister Dharmendra Pradhan. Also, the country plans to bring in more reforms in the sector and will create a gas trading hub to support better prices for both domestic and imported fuel, said Pradhan. “We are completing a 30,000 km national gas grid in coming years. We can proudly claim that we have not only brought in policy reforms, but also implemented them,” he said while speaking at a session at the ...

The Dollar Business Bureau Iran will witness a sharp increase in its natural gas production and exports after easing of Western sanctions last year, Deputy Oil Minister of Iran, Amir Hossein Zamaninia said on Tuesday. The latest deals with global companies show that they believe the sanctions are not coming back, he added. Iran's gas output would increase to 1 billion cubic metres per day by this year end from the present 800 million cubic metres a day, said Zamaninia. The Minister further said the volumes currently available for exports with the country should rise to 365 million cubic metres per day by 2021, which is more than the exports of Qatar - the largest producer of liquefied natural gas in the world. Earlier this ...

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 ...

By Abin Daya Change is an unavoidable part of life - and of doing business. One of the biggest changes to the way we do business happened last Friday, with the rolling out of the GST. Yes, there will be disruptions in the short term and the cost of compliance will go up. Also, many small businesses will lose the tax arbitrage that enabled them to price below that of the larger companies. It will also increase the financing cost of business, particularly for those engaged in foreign trade. Speaking of financing, even that is not going to be easy. While credit growth is down because of low credit demand driven by the leveraged position of corporates combined with muted demand, even where businesses ...

The Dollar Business Bureau The US President urged the Indian Prime Minister to relax the trade barriers in order to reduce their trade deficit. Speaking to the media at the historic Rose Gardens in the White House both the leaders appeared to be at ease with one another and read out statements that portrayed the importance of a  strong US-India relationship. Watched by the world media, both the leaders stressed the strong commitment being made towards bilateral relations.  Prime Minister Modi said, “I deeply appreciate your strong commitment to the enhancement of our bilateral relations. I am sure that under your leadership a mutually beneficial strategic partnership will gain new strength, new positivity, and will reach new heights."  President Trump during his address made it ...