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Petroleum Minister Dharmenda Pradhan on Wednesday defended the daily price revision mechanism calling it rational and transparent.

Stressed upon developing transparent market for LNG: Pradhan

He adds competitive market for LNG is important for India as it imports 50 pc of gas need as LNG.

18 Oct 2017 11:17 AM IST

Releasing the study on the Iran-India gas pipeline, former oil secretary T.N.R. Rao said natural gas imported through the over $4 billion line would cost $5-5.50 per million.

India should push for underwater gasline

The chamber said that India can finally connect to Gulf region, where more than 7 million Indians reside.

6 Sept 2017 1:38 AM IST

India will buy an additional one million tonnes per annum of LNG from Australias Gorgon project after it got Exxon Mobil Corp to cut prices. Photo: PTI

Government to launch gas trading hub

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

16 April 2018 2:28 PM IST

Singapore-headquartered India LNG Transport Co (No 4) is the firm that won the time-charter contract from Petronet and got the 173,000 cubic meter vessel built at Hyundai Heavy Industries Co Ltds Ulsan shipyard in South Korea.

Petronet submits proposal to set up USD 1 bn LNG terminal in...

Petronet had last year signed a MoU with Petrobangla to set up a 7.5 million tonnes a year project.

27 July 2018 2:40 PM IST

Gazprom supplied the 3.4 trillion British thermal unit (TBtu) of cargo from Nigeria. The LNG cargo was received by Oil Minister Dharmendra Pradhan. (Photo: AFP)

Renegotiated Gazprom LNG deal to save India up to Rs 9,500 cr: Pradhan

GAIL renegotiated the terms of the 20-year deal to import 2.5 million tonnes a year of LNG.

18 July 2018 2:31 PM IST

Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.

Indian Oil Corp seeks LNG cargo for April delivery: sources

The company is seeking the cargo for delivery into the port of Dahej on April 20, one of the sources said.

25 Feb 2019 2:02 PM IST

Saudi Crown Prince Mohammed Bin Salman (L) praying inside the Kaaba (The Cube), Islams holiest shrine, at the Grand Mosque in Saudi Arabias holy city of Mecca, during his inspection of expansions to the site. (Photo: AFP)

Pakistan, Saudi likely to seal $20bn deals

The fellow Muslim country will provide oil worth $ 3 billion to Pakistan for three years.

13 Feb 2019 3:08 AM IST

India will on Monday import its first ever cargo of LNG from Russia under a long-term deal as the worlds fourth-largest buyer of liquefied natural gas (LNG) diversifies its import basket to meet its vast energy needs.

India LNG demand journey to be shaky, slow due to infrastructure...

Government aims to run all LNG terminals at full capacity by 2022 as it works to complete entire pipeline grid, said Oil...

15 March 2019 11:19 AM IST

Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

Ennore LNG terminal to help IOC fast-track city gas project

Ennore LNG terminal is part of India's plan to raise share of natural gas in country's energy basket to 15 pc by 2030...

8 March 2019 2:41 PM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

India's petrol imports in July hit highest in at least eight years

Petrol imports rose to 230,000 tonnes in July, the highest since PPAC data going back to 2011.

22 Aug 2019 2:59 PM IST

Oil and Natural Gas Corp (ONGC) has become Indias first company to hold a meeting of its Board of Directors at high sea. (File Photo)

Petronet to partner OVL for stake in Qatar Petroleum LNG project

Petronet is keen to take 5 per cent stake in the expansion project along with associated upstream gas development.

27 May 2018 1:31 PM IST

The first liquefied natural gas (LNG) shipment from the US arrived at the Dabhol terminal of state-run gas major Gail here on Friday.

India gets 1st US LNG shipment at Dabhol

Dharmendra Pradhan also announced a Rs 700-crore investment by the newly-created Gail arm Konkan LNG.

30 March 2018 4:58 PM IST