Natural Gas | The Asian Age

Tuesday, Apr 23, 2024 | Last Update : 11:53 AM IST

natural gas Page-2

State gas utility GAIL India Ltd will tomorrow launch a new portal to allow anyone to hire its vast pipeline network for transporting natural gas as it makes last-ditch attempt to ward off breaking of the company, people in the know of the development said.

GAIL to launch portal allowing outsiders to hire its gas pipelines

The oil ministry has been for last few months considering separating GAIL's gas transportation and marketing business.

26 Aug 2018 3:50 PM

The all-powerful GST Council may this week consider bringing jet fuel (ATF) and natural gas under GST ambit but tax slab is acting as a deterrent, people familiar with the matter said.

GST Council may bring natural gas, jet fuel under GST this week

However, fitting the two products in the 5, 12, 18 and 28 per cent GST tax slabs is proving to be difficult.

15 Jul 2018 11:40 AM

This is the lowest growth rate since July 2017 when infrastructure industries had expanded by 2.9 per cent.

Infra growth hits 10-month low

Dip in crude oil, gas production and favourable base effect waning off cited as reasons.

03 Jul 2018 12:13 AM

An international arbitration tribunal has concluded hearing in the USD 1.55 billion claims made against Reliance Industries and its partners for allegedly syphoning gas from deposits they had no right to exploit and is expected to pronounce a judgement next month.

Arbitration award in Reliance-ONGC gas row next month

The three-member panel is likely to give its award in July.

10 Jun 2018 1:16 PM

The GST Council could consider bringing natural gas within the purview of Goods and Services Tax in its next meeting, an official said on Friday.

Council to discuss bringing natural gas under GST in next meeting

Dheeraj Rastogi said aviation turbine fuel would be another petroleum product that could also be brought within the GST.

08 Jun 2018 3:41 PM

ONGC logged a Rs 4,000 crore loss on natural gas output in the fiscal year ended March 31, 2018.

ONGC logs Rs 4,000 cr loss on gas production due to cap on prices

Natural gas constitutes around 45 per cent of ONCG's total crude oil and natural gas production volume.

03 Jun 2018 12:14 PM

The Petroleum and Natural Gas Regulatory Board (PNGRB) expects the proposed gas trading hub to be functional by the end of the calendar year.

Gas Trading Hub to be functional before December, says PNGRB

Crisil has been appointed to assist the regulator and the government in framing rules for the exchange.

29 May 2018 4:56 PM

State-owned ONGC registered 6.3 per cent increase in natural gas production in 2017-18 and is on track to double the output by 2022.

ONGC clocks 6.3 per cent rise in gas production

It produced 23.484 billion cubic meters of gas in 2017-18 as against 22.088 bcm in 2016-17, he said.

07 May 2018 3:47 PM

The growth of eight core sectors slowed to 3-month low of 4.1 per cent in March due to weak performance in as many as six sectors including coal, crude oil and natural gas.

Core sector growth rate slows to 4.1 pc in March

The other sectors which showed slower growth rate were refinery products, steel and electricity.

01 May 2018 6:37 PM

India’s oil imports from Iran during the 2017-18 fiscal year fell by 15.7 per cent from a year ago.

Iran oil imports fell 15.7 per cent in fiscal year 2017-18

In March, India’s oil imports from Iran were 4,30,000 barrels per day.

20 Apr 2018 2:00 PM

India and the US on Tuesday decided to set up a joint task force on natural gas with a view to promote strategic and economic interest of the two nations.

India, US set up joint task force on natural gas

During the talks they also reaffirmed their commitment to early and full implementation of their civil nuclear partnership.

17 Apr 2018 6:40 PM

The government plans to launch a natural gas trading hub by October. (Photo: PTI)

Government to launch gas trading hub

Indian gas benchmark will spark a surge in consumption of the cleaner-burning fuel.

16 Apr 2018 2:28 PM

India expects to double share of natural gas in the country’s energy mix to more than triple imports to 70 million tonnes per year by 2022 for which more terminals are being planned.

Gas may play a major role in India-Cyprus bilateral trade

Cyprus, an island country in the Eastern Mediterranean, has also made promising offshore gas discoveries.

09 Apr 2018 7:44 PM

Andhra Pradesh Chief Minister N Chandrababu Naidu has written to Oil Minister Dharmendra Pradhan, complaining about Gujarat government firm GSPC.

Chandrababu Naidu asks Pradhan to get GSPC to pay farmers' dues

N Chandrababu Naidu on March 24 wrote to Pradhan about pending compensation to the affected fishermen.

30 Mar 2018 3:17 PM

Gas price was last hiked to USD 2.89 per mmBtu for Oct 2017 to Mar 2018 period from USD 2.48 in previous 6 months. (Photo: PTI)

Govt raises gas prices to 2-year high of USD 3.06 per million

Hike would increase the cost of domestic gas-based power generation by about 3 per cent.

29 Mar 2018 4:55 PM

Representational Image. (Photo: Pixabay)

Global fossil fuel emissions underestimated: Study

The study used data collected from 20 observatories world-wide.

27 Feb 2018 6:39 PM

Oil Minister Dharmendra Pradhan on Tuesday made a strong case for inclusion of natural gas in the Goods and Services Tax. (Photo: PTI)

Dharmendra Pradhan bats for inclusion of natural gas in GST ambit

Crude oil, petrol, diesel, aviation turbine fuel (ATF) or jet fuel and natural gas are not included in GST.

28 Nov 2017 4:38 PM

Jaitley asks states to cut VAT on natural gas, other fuel

Jaitley requested other states to explore possibility of having a lower rate of VAT on petroleum products.

18 Aug 2017 1:47 PM

Reliance Industries or RIL chairman Mukesh Ambani at an AGM in Mumbai. (Photo: PTI)

KG-D6: Govt slaps Rs 1,700 crore penalty on RIL, BP

Official at Oil Ministry says total penalty on companies now stands at $3.02 bn or Rs 19,344 crore.

15 Aug 2017 3:36 PM

Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure. (Representational image)

Natural gas may be included in GST, to benefit ONGC

GST paid on inputs and services used for producing natural gas can be set off against taxes on its sale.

27 Jun 2017 2:46 PM

2 of 3

Columns

Aakar Patel