LNG player BG Group said it has completed the sale of the group’s 65.12% holding in India’s largest private natural gas distributor Gujarat Gas Company Limited (GGCL) for INR 24.6 billion or approximately $422 million at current exchange rates. A binding agreement for the sale of the interest, to a subsidiary of Gujarat State Petroleum [...]
The Dahej LNG terminal, owned by India’s biggest LNG importer, Petronet LNG, will get a cargo of LNG onboard the 138,097 cbm Disha from Qatar on June 14, according to shipping data. The Dahej terminal in Gujarat is India’s first LNG import terminal and has a nominal capacity of 10 MMTPA. The terminal is meeting around [...]
GAIL (India) Limited and the Shipping of Corporation India Limited (SCI) signed a Memorandum of Understanding (MOU) to cooperate for the transportation of LNG sourced by GAIL from USA. The MoU was signed in the presence of Shri B.C. Tripathi, Chairman & Managing Director, GAIL and Shri B.K. Mandal, Chairman & Managing Director and Director [...]
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Petronet LNG, India’s largest LNG importer, said it has invited bids for Rs. 300 Crores ($53.15 million) through book building process for issuing Unsecured Redeemable taxable Non-Convertible Debentures (NCD) (Series I) for a period of five years through private placement basis. The Cut Off Coupon Rate is at 8.35% per annum, Petronet LNG revealed in [...]
The Dahej LNG terminal, owned by India’s biggest LNG importer, Petronet LNG, will get a cargo of LNG onboard the 138,097 cbm Disha from Qatar on June 6, according to shipping data. Petronet LNG of India received the 1000th LNG cargo at its Dahej LNG terminal in February. The Dahej terminal in Gujarat is India’s first [...]
As part of revival and restructuring of the Dabhol project, M/S GAIL INDIA Ltd and M/S NTPC Ltd have formed a joint venture company, named Ratnagiri Gas & Power Private Ltd. [RGPPL] to complete the balance work at the power plant and LNG terminal. The entire facility is located Anjanvel, Dabhol, about 340 Km by [...]
May 31, 2013 | Posted in
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GAIL (India) Limited has recorded sustained performance in financial parameters for the Financial Year 2012-13. According to the audited figures, Turnover (net of excise duty) in the year 2012-13 increased by 18% to Rs. 47,333 crore from Rs. 40,281 crore in FY 2011-12. The Gross Margin during the year 2012-13 increased by 16% to Rs. [...]
The Dahej LNG terminal, owned by India’s biggest LNG importer, Petronet LNG, will get a cargo of LNG onboard the 138,097 cbm Disha from Qatar on May 29, according to shipping data. Petronet LNG of India received the 1000th LNG cargo at its Dahej LNG terminal in February. The Dahej terminal in Gujarat is India’s first [...]
Swan Energy said it has invested Rs. 1,00,000/- (Rs. One Lac only) in Swan LNG Private Limited for purchase of its 100% equity shares, equivalent to 10,000 equity shares of Rs. 10/- each. By virtue of this, Swan LNG has become a wholly-owned unit of Swan Energy. Swan Energy is an emerging company with a [...]
The Islamic Republic of Iran and India are set to boost bilateral relations in the field of energy and other economic sectors, Iranian Minister of Petroleum Rostam Qasemi said. On Sunday, Iranian Minister of Petroleum arrived in New Delhi at the invitation of his Indian counterpart, for three days of talks with high-ranking Indian officials [...]
May 27, 2013 | Posted in
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