India signs 25-year LNG deal with Iran
India has struck again and, this time around, on its own terms, India and Iran have sealed a 25-year agreement for import of 7.5mt LNG from 2009. The deal comes with a sweetener: participation rights
News
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Energy bank proposed
Iran suggested establishment of an Asian Bank for Energy Development for financing energy projects in Asia, and said price of energy supplies from Asian producers to consumers in the region should be
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Power generation at RTPS hit
The Raichur Thermal Power Station (RTPS) has been generating power far below its potential these days due to the lack of adequate coal stock. The Tsunami strike has only aggravated the situation with
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NEKRTC bags award for best fuel economy
The North East Karnataka Road Transport Corporation (NEKRTC) has bagged the award for the highest kilometre per litre (KMPL), amongst all the state transport undertakings in the country for 2003-04.
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Malaysia to set up power projects in India
Malasia plans to enter into a power purchase agreement (PPA) with one of the North Indian states to set up a hydro power plant of 300 mw capacity. Speaking on the sidelines of the third Pravasi
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OVL's strikes gas in Myanmar
ONGC Videsh Ltd (OVL) has announced gas in the first appraisal well in the Shwe gas field in Block A-1, Myanmar, 7.8 kilometers away from the first exploratory well, where the consortium discovered
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Oil meet highlights search for an Asian marker
Oil has mixed well with diplomacy, but the recent round-table of key Asian oil producers and buyers has also highlighted structural issues that remain unaddressed. The event is being dubbed historic,
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NTPC plans power exchange
The PSU brigade in the power sector is joining forces to take on the competition. The Rs 26,000-crore National Thermal Power Corporation (NTPC) is in talks with Powergrid Corporation Ltd (PGCIL) and
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ONGC eyeing EnCana's stake in Ecuadorian fields
The Oil and Natural Gas Corporation (ONGC) is in the race for picking up Canadian firm EnCana's stake in a cluster of oil fields in Ecuador. The state-owned company is also in talks with Russia for
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National Grid fast forward: PowerGrid seeks $2bn from World Bank, ADB
PowerGrid Corporation has sought loans of $1 billion each from World Bank and Asian Development Bank (ADB) to carry out its transmission and related projects across India. ADB has already negotiated
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India asks Iran to negotiate with Pakistan on gas pipeline
With India, Pakistan and Iran agreeing to prepare the feasibility report within the next two months, the prospects of Rs 18,000 crore Iran-India gas pipeline project have further brightened. To give
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33 projects in N-energy, oil, telecom on schedule
The government said 33 central projects costing Rs 100 crore or more in atomic energy, petroleum and telecom sectors are progressing on schedule and not facing major time or cost over-runs. The six
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Petrotech '05 to focus on hydrocarbons
Petrotech 2005, billed as the largest conference cum exhibition on petroleum industry has selected 'Value from Hydrocarbons - Advances in Science and Technoloogy', as the theme for the oil meet. The
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Petronet seeks more ships to carry LNG
The country's first LNG (liquefied natural gas) importing firm Petronet will hire three more ships for transporting LNG from Qatar and Iran to its expanded Dahej terminal in Gujarat and a new project
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Oil PSUs trapped in green channel
At least four states and the National Capital Region are likely to miss their April deadline for graduating to greener motor fuels, state owned oil marketing companies said the government last week.
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Power generation stops at Nakkiyan, Ganguwal plants
The power crisis in the Punjab today deepened with the power generation at the two plants in Nakkiyan and Ganguwal, of 67 MW capacity each, in Anandpur Sahib town coming to a halt.The power
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India inks pact to import 7.5 mt of LNG from Iran
In the second major LNG sourcing deal after the extant pact of Petronet LNG with RasGas of Qatar, India on Friday signed an agreement to import 7.5 million tonne of the fuel from Iran under a 25-year
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New transmission policy on cards
The government is planning to unveil a new policy for power transmission projects, with a view to encouraging private investment in the sector. The Union power ministry has set up a task force with
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After oil, Cairn now finds gas in Rajasthan
Cairn Energy said it has discovered gas in its Rajasthan block, where India's largest oil find in more than two decades was made last year. "Cairn has made a new gas discovery with the Raageshwari-5
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Oil meet highlights search for an Asian marker
Oil has mixed well with diplomacy, but the recent round-table of key Asian oil producers and buyers has also highlighted structural issues that remain unaddressed. The event is being dubbed historic,