Tuesday, June 18, 2013
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In order to kick start the liquefied natural gas (LNG) plant at Ennore, Ennore Port Ltd will soon sign an agreement with Indian Oil Corporation to transfer 132 acres of port land to the corporation. The next step will be to sign a commercial agreement with IOC to include details such as revenue share...
Australia has dished out 13 new offshore petroleum exploration permits as part of round one of the 2012 Offshore Petroleum Exploration Acreage Release, Resources and Energy Minister Gary Gray said in a statement Monday. Xinhua reported that these permits may see an estimated 180 million AU dollars ($172.
China's Sinopec is negotiating to join a $20 billion liquefied natural gas project run by Russia's Novatek, a source close to the talks told Reuters. The Russian firm currently owns 80 percent and France's Total 20 percent of the Yamal LNG project, which aims to start production in 2015-2016...
Lion Energy has entered into a binding transaction coordination agreement and convertible loan agreement with KRX Energy and Risco Energy Investments. The proposed transactions are viewed by Lion as the first steps in a major strategic initiative which will see the company renew its focus on the South...
Indian government is expected to come out with a shale gas policy early next month. “The shale gas policy will be announced in the next 20-25 days…we have sought comments from different ministries and will finalise it by then,” oil minister Veerappa Moily said, The Telegraph reported.
Egypt has asked Qatar to be its guarantor for 13 out of 18 shipments of liquefied natural gas from Qatargas, an official from Egyptian gas holding company, Egas said. The transport and logistics of the shipments are currently under discussion between the two countries, Taher Abdel Rahim, vice president...
Calls for a moratorium on new LNG developments or the reservation of a proportion of gas for domestic consumption in Australia will lead to distorted price signals, inefficient industries, lower investment and, ultimately, higher prices, Grattan Institute has said in a report. “For years...
US Energy Secretary Ernest Moniz will be travelling to India in less than a fortnight, during which he is expected to discuss the issue of shale gas export with Indian counterparts. "I will be in India in two weeks," Moniz said yesterday during a Congressional hearing...
Japanese buyers are staying away from signing deal for fuel from Mozambique LNG project because of uncertain government policy, Bloomberg said in a report quoting one of the project’s developers. Buyers have been reluctant to commit to buying fuel from the African country because of pending Japanese...
Papua New Guinea’s Petroleum and Energy Minister has confirmed country's third LNG project, various media reports have said. The minister said Horizon Oil and Osaka Gas will develop the LNG project in Western province. Last month, Osaka Gas agreed to buy part of licences in Papua New...