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India will import LNG worth an estimated USD 25 billion over the contract period of 20 years years from Russia, he adding, "Gazprom price (after being reworked) is very competitive.The pricing of the super-cooled fuel has been changed from 9 month linkage of Japanese customs-cleared crude to three months average of Brent, sources said. Today we are getting LNG from Australia, US and now Russia," Pradhan said.Sources said when the Russian deal was first signed, Gazprom  supplying India with LNG from its planned Schtokman project in the Barents Sea, which was subsequently scrapped as the shale gas revolution in the United States removed a key customer base.At the time of signing, in 2009, the Gorgon LNG price with US-based ExxonMobil was agreed upon at 14.5 MT in the first year 2018-19, 0. Today will be considered as Golden Day in Indias electric scooter Manufacturers energy roadmap, he told reporters here.

GAIL has renegotiated with Russian supplier Gazprom the terms of the 20-year deal to import 2.""Four years back, we were importing LNG from only Qatar.Last year, India got US energy major Exxon Mobil Corp to lower price of 1.The deal was renegotiated in January this year.5 MT a year of LNG from Gorgon project in Australia, saving Rs 4,000 crore in import bill.On the other hand, Russian company-led consortium has committed an investment of USD 13 billion in Essar Oil in 2016.Company Chairman and Managing Director B C Tripathi said the contracted volume has been lowered from 2. India has been making the most of its position as one of the world's biggest energy consumers to strike better bargains for its companies.

There exists huge scope for gas use in the Indian economy - from generating power to producing quality steel, he said adding that increasing gas share would also help the country meet its COP21 commitment to cutting carbon emission. India is dependent on imports to meet 45 per cent of its gas needs.5 MT in the third year 2020-21. In late 2015, it had renegotiated the price of the long-term deal to import 7.5 MT a year US Sabine Pass contract with Cheniere Energy.Dahej: After the US, Russia on Monday began supplying LNG to India under a long-term deal as world's fourth-largest buyer of liquefied natural gas (LNG) diversifies import basket to meet its vast energy needs. The contract was signed on an FOB basis in 2011, with the price formula set at 115 per cent of the Henry Hub gas price plus a fixed USD 3 per million British thermal unit terminal use charge. Gazprom will supply LNG from Yamal LNG project in the Arctic peninsula.

Russia has emerged as a long-term source for India's hydrocarbon imports, he said.The deferral will allow GAIL more time to find customers for the imported gas. Pradhan said that the starting of LNG imports from Russia has added a new dimension to the Indo-Russian bilateral relations, particularly in the oil and gas sector.Also, the price indexation has been changed from the Japan customs-cleared crude to Brent, and the oil-linked slope of the contract formula lowered, and therefore the final price.5 MT per year of LNG from Qatar, helping save Rs 8,000 crore.Under the re-worked deal with Gazprom, the duration of the contract has been extended by three years and the Indian company has agreed to buy an additional six million tonnes of LNG volumes.GAIL has committed to importing the full 2. GAIL had signed the original deal on August 29, 2012, with Gazprom Marketing and Trading Singapore Pte Ltd (GMTS), Singapore. India, he said, is pushing towards a gas-based economy by raising the share of environment-friendly fuel in the energy basket to 15 per cent from current 6.

The shortest route will entail bringing the pipeline through Himalayas into Northern India, a route which poses several technical challenges.India and Russia have agreed to explore building the world's most expensive pipelineting close to USD 25 billion to ferry natural gas from Siberia to the world's third biggest energy consuming nation.The pipeline is to connect Russian gas China long journey cruiser scooter grid to India through a 4,500 km to 6,000 km pipeline.Russia is seeking to expand energy ties in Asia amid tensions with the West sparked by Moscow’s annexation of Crimea in 2014. However, the route will be expensive when compared to the long discussed but shorter and cheaper Pakistan-India pipeline.While the of transporting gas via the long discussed IPI pipeline is less than USD 1 per mmBtu, the same for the Turkeministan-Afghanistan-Pakistan-India (TAPI) pipeline is around USD 2 per mmBtu.

The pipeline is to connect Russian gas grid to India through a 4,500 km to 6,000 km pipeline, officials said.Indian companies have snapped up stakes in production assets in Siberian fields.The MoU is being seen as an attempt to strengthen ties between the world's largest oil producer and the world's fastest growing fuel consumer.The MoU signed in the presence of Prime Minister Narendra Modi and Russian President Vladimir Putin at the India-Russia Annual Summit on sidelines of the 8th BRICS Summit here, also envies roping in ONGC Videsh Ltd, gas utility GAIL India Ltd and Petronet LNG Ltd for the study.The of transporting gas may be USD 12 per million British thermal unit, according to EIL.

Tehran may suggest India take its gas through IPI rather than building such an expensive pipeline, they said..Sources said natural gas produced in East Siberian fields is to be pumped into Russian gas grid which would be connected to India through the cross-country pipeline network.According to preliminary estimate prepared by state-owned Engineers India Ltd, which yesterday signed an agreement with Russian gas monopoly Gazprom for studying the Russia-India pipeline, the longest route of 6,000 km may close to USD 25 billion. This excludes the transit fee to be paid to nations through which the pipeline will pass.Alternately, the pipeline can come via Central Asian nations,  and Pakistan into Western India.The third and the longest alternative is to lay a pipeline through China and Myanmar into North East India bypassing Bangladesh.According to industry experts, a realistic transportation غير مجاز مي باشدt would be USD 4 per mmBtu for the Russia-India gas pipeline.

The same for other basins is in the range of USD 3.5-billion projects, he added.The new formula provides for revising rates every six months -- on April 1 and October 1, based on one-year average gas price in the surplus nations with a lag of one quarter.30 per mmBtu.80 to USD 6.06 per mmBtu in April and to USD 2.59 per mmBtu, he had said, adding the productionts of companies vary from field to field depending upon the size of the reservoir, location, logistics and availability of surface facilities.89 per million British thermal unit, a senior company official said.Gas discoveries in shallow sea off Andhra Pradesh on the east, and off Gujarat on the west are economically unviable to produce at the current government-mandated price of USD 2.For more than a year now, ONGC has been petitioning the Oil Ministry for setting a floor price of at least USD 4. We have sought special pricing dispensation," he said.

While prices have halved to USD 2.If we are forced to do so, it would be like putting in huge amount of money without expecting the same to return," the official said.On the western side, the block GK-28 in Gulf of Kutch is a nomination block which does not qualify for higher rates, he said."If we don't Custom gas powered scooter Manufacturers get the right price, it will not be possible for us to develop the two projects.In 2016, the prices further dipped to USD 3. In April this year, they fell further to USD 2.50 per mmBtu in October.The official said the Krishna Godavari basin block KG- OWN-2004/1 is in shallow water and does not qualify as a 'difficult field'.66 per mmBtu in April 2015 and to USD 3.2 per mmBtu for domestically produced natural gas.It would take a minimum three years to bring the gas finds to production.The company wants a price of over USD 6 per mmBtu to help it produce the gas without suffering any losses.While the KG block will produce a peak output of 5.48 but have from October 2017 risen to USD 2.99 to USD 7.

"We have made representation to the government that the current price is not enough to make the discoveries viable.82 in October that year.State-owned Oil and Natural Gas Corp (ONGC) has sought more than doubling of natural gas prices to help bring significant discoveries in KG basin and Gulf of Kutch to production.When the formula was implemented, rates went up from USD 4.3 per mmBtu for gas fields in difficult areas like deepsea.1 mmscmd, which cannot viably produce at the current domestic gas prices.He said the KG block discoveries are in water depth of just about 8-meters, developing which is tly since ultra-shallow rigs are scarce and therefore expensive.2 to USD 5.89 since the formula was implemented, the government has allowed a higher rate of USD 6.

The official said the company was in the process of preparing field development plans for all these fields but will go slow if the prices are not viable.The BJP-led government in October 2014 had evolved a new pricing formula using rates prevalent in gas surplus nations like the US, Canada and Russia to determine rates in a net importing country.In the absence of a viable gas price, it will have to mothball the USD 1.Oil Minister Dharmendra Pradhan, in a written reply to a question in the Lok Sabha on March 20, had stated that the of production of natural gas in the prolific Krishna Godavari basin is between USD 4.05 per mmBtu but fell to USD 4.ONGC also has a couple of smaller fields with a total expected peak production of 1.35 million standard cubic meters per day, the same from Gulf of Kutch block will be around 3 mmscmd..The combined output is about 14 per cent of the ONGC's current output of 60 mmscmd.

Beyond this, India's Wholesale Roman holiday classic scooter factory ability to import significant volumes of LNG could be enhanced further if several other proposed regas terminals proceed," it said.5 MTPA to 17.2 MTPA plant at Dabhol in Maharashtra and Petronet's 5 MTPA terminal at Kochi in Kerala. The pipeline connecting the Kochi regasification terminal in Kerala to Mangalore in Karnataka is a glaring example," Chatterjee said.Imported gas at the terminal will meet fuel requirement of Chennai Petroleum Corp, Madras Fertilisers, Tamil Nadu Petroproducts and Manali Petrochemicals. In order to supply natural gas to various consumers, IOC is laying a 1244-km pipeline for evacuation of gas from Ennore terminal.The 5 million tonne per annum (MTPA) liquefied natural gas (LNG) import and regasification terminal, built by IOC at a غير مجاز مي باشدt of Rs 5,150 crore, was commissioned earlier this week. "IOC has already secured captive customers for 2 MTPA of capacity.5 MTPA by 2025 to meet the energy needs of a fast-growing economy.5 MTPA by 2025 from the existing 25.

The pipeline from the terminal will go up to Madurai, Trichy and Tuticorin in Tamil Nadu and branch out to Bengaluru via Hosur in Tamil Nadu."Once all these terminals and enhancements are completed, India's regas capacity will reach 56.New Delhi: India's first east coast LNG import terminal at Ennore in Tamil Nadu will help state-owned Indian Oil Corp (IOC) fast-track its city gas distribution plans, said energy consultancy Wood Mackenzie.India plans to double its LNG import and regasification capacity to 56."Indian regas capacity had constrained imports in recent years.India has four LNG import and regasification terminals on the west coast -- 15 MTPA Dahej plant in Gujarat operated by Petronet LNG , Shell's 5 MTPA Hazira terminal in the same state, GAIL's 1.

IOC, he said, has additional plans to connect remaining refineries to gas pipelines, which will likely at least double its gas demand.7 MTPA contract with Mitsubishi for 20 years, with supply coming from Cameron LNG in the US."In the longer term, Ennore could become integrated with India's national gas network via a pipeline to Vijayawada or Kakinada in Andhra Pradesh. Ennore LNG terminal is part of India's plan to raise the share of natural gas in the country's energy basket to 15 per cent by 2030 from current 6.5 MTPA , while the completion of the Kochi pipeline and Dabhol breakwater is also likely by 2020. The Ennore terminal will also help fast-track IOC's city gas distribution plan, as gas from the terminal will be supplied to consumers around Chennai and Madurai," Wood Mackenzie's senior analyst Kaushik Chatterjee said in a report.5 MTPA. IOC has signed a 0. Both Dahej and Hazira operated at maximum levels through much of 2018..Another terminal is under construction at Dhamra in Odisha and is expected to be completed in 2022. The commissioning of Ennore will be the first in a series of regas projects coming online in 2019; Mundra (in Gujarat) and Jaigarh FSRU are next," the consultancy said. "Historically, delays in intra-state pipeline construction have impeded gas and LNG uغير مجاز مي باشدe in India. Furthermore, Dahej's capacity is being increased by 2.

The much awaited Maestro Edge 125 and the 2019 Pleasure+ has been launched in India. (all prices ex-showroom Delhi).9cc single-cylinder motor makes 8. Powering the scooter is the same engine as the Destini 125.6cc single-cylinder engine makes slightly more power at 9.24PS, compared to Destinis Wholesale urban scooters cVT 8.1Nm of torque. Torque, however, remains unchanged at 10. However, the i3S feature is offered only with the carb variant. The Carb variant gets four paint schemes: Matte Blue, Matte Red, Matte Brown and Matte Grey. The Maestro is also the first scooter to incorporate fuel injection in India. The Pleasure+ gets a slightly different look with an all-new headlight with silver trim. The Fi variant gets two colour options: White and Black.

Coming to the 2019 Hero Pleasure+ it gets a subtle redesign and a larger motor, which is also seen on the Duet and Maestro Edge. Powering it now is a 110. Available in three variants, the Maestro Edge 125 is priced at Rs 62,700 for FI, Rs 60,000 for i3S Disc and Rs 58,500 for i3S Drum. The rear has also been redesigned and now sport bigger body coloured panels. However, this 124. Additionally, the flagship Hero scooter now comes with top-shelf features such as semi-digital instrument cluster and an optional front disc (a first for any Hero scooter).com.2PS of power and 8.8PS.Coming to the 2019 Hero Pleasure+, it has been introduced in two variants - Std (Rs 47,300) and Cast Wheel (Rs 49,300), making it Rs 2,200 dearer than the older generation models.

This will allow it to run much cleaner and abide by the upcoming BS6 norms. In terms of competition, it goes up against the Honda Dio, priced at Rs 52,938 and the Yamaha Fascino which retails for Rs 55,623 (all prices, ex-showroom Delhi)We will be riding both the scooters soon, so watch this space for our first ride review!Source: ZigWheels.Starting with the Hero Maestro Edge 125, as mentioned earlier, it is now India’s first scooter to come equipped with fuel injection. In comparison, the 102cc variant makes 7PS of power and 8. We also expect it to carry a slightly sportier tune than the Destini 125.7Nm of torque.2Nm of torque.

"Totals Wholesale long journey cruiser scooter investment in Adani Gas reinforces India's natural gas and demand potential.4 per cent stake in Adani Gas Ltd, the Gautam Adani-owned company that retails gas to automobiles and households.". At present, Adani family holds 74.4 per cent at par with Total, the two companies pointed out in separate statements. The partnership will derive significant synergies between Adani's capabilities of developing world-class assets and Total's global best practices as well as leveraging business synergies across LNG, Fuel Retail and City Gas distribution," said Gautam Adani, Chairman, Adani Group. And then depending on the success in the open offer, it will buy remaining stakes from Adani to take its holding to 37. The natural gas market in India will have strong growth and is an attractive outlet.

Total, in October, 2018, had formed a 50:50 JV with the Adanis for two LNG import terminals of Adani on the east and west coast of India as well as for setting up 1,500 petrol pumps in the country over 10 years, after exiting its JV with Royal Dutch Shell in August 2018.4 per cent in the company. Leading global energy companies’ growing interests to expand presence in India can be attributed to the fact that India is the third-largest and the fastest-growing energy consumer in the world. It will also set up 1,500 petrol pumps over 10 years.Adani-Total JV, where the two groups hold 50 per cent stake each, is building a 5 million tonne LNG import terminal at Dhamra in Odisha and will potentially hold a 25 to 50 per cent interest in Gujarat government's Mundra import facility. And now, Adani Gas, wherein Total and Adani would hold 37.

The latest move by Total has come close on the heels of Reliance Industries announcing that Saudi Arabian Oil Co will buy 20 per cent of its oil-to-chemical business at an enterprise value of billion.Patrick Pouyanne, CEO, Total SA, said: "Energy needs in India are immense.4 per cent stake each, on its part, is targeting to set up 1,500 CNG stations to retail gas to automobiles and piped cooking gas to 6 million households.An official communiqué from the Adani Group on Monday said that city gas distribution is a natural extension of the plans of both partners to invest in infrastructure and assets worth over billion, which span LNG infrastructure and marketing and fuel retail business, announced in October 2018. Significantly, nearly a year ago, the French company had inked a pact with billionaire Gautam Adani to make forays into India’s fast growing energy market.As per the latest understanding, Total will first make an open offer to buy a 25.8 per cent stake in Adani Gas and will dilute shares to the public to bring down its holding to 37.2 per cent stake in Adani Gas.Kolkata: Total SA, the leading French energy company, chipped in Rs 5,700 crore to pick up a 37. In the new scheme of things, the French company will get a strong footprint in a market where annual LNG demand is expected to hit 28 million tonne by 2023. This JV would also supply 3 million tonne per annum of LNG to India and Bangladesh.

In the household PNG segment, an increase of 2-2. “We believe the prices of domestic natural gas for the April 2019-September 2019 period will increase from the current .While the reports fail to bring any cheers to consumers, the trend analysis by CRISIL Research certainly augurs well for city gas distribution companies.7-2.5-2 per mmBtu compared with subsidised LPG, it would remain competitive with non-subsidised LPG.97/mmBtu, resulting in an 18 per cent increase,” CARE Ratings said. That would reverse the trend of contraction seen in the first three quarters of fiscal 2019.5-2 per kg in Mumbai and Rs 1.62-3.5 per cent is expected, the report said.2 per kg in Gujarat – amounting to a 3-4 per cent increase over current prices, according to a CRISIL Research report. Hence, demand volumes in the two segments are expected to sustain despite the price hikeThe price rise may also lead to an increase in the manufacturing غير مجاز مي باشدt of urea and petrochemicals, where natural gas is used as a feedstock; and may also hit producers of power sector and sponge iron industry, where it is used for the generation of energy.

However, another rating and research agency, CARE Ratings, expect a higher price increase.36/mmBtu to approximately . Though household PNG could become expensive by Rs 1. The price is revised every six months and is linked to prices on four international hubs–Henry Hub in the US, Alberta in Canada, National Balancing Point in Europe, and Russian gas price.This will likely affect consumers, by leading to an increase the prices of CNG used as auto fuel and PNG used in households as cooking gas, CARE said. The report said that a 22-25 per cent decline in the prices of liquefied natural gas (LNG) since January this year and an expected 5-7 per cent increase in consumption of PNG and CNG should drive up the operating profit margins of city gas distribution (CGD) companies by 250-300 basis points (bps) in the first half of fiscal 2020.

Election time is not always for freebies and sops! Be prepared to shell out 3-4 per cent long journey cruiser scooter Manufacturers more for your CNG and household PNG soon.The next revision, for April-September, is expected to push up domestic gas price by 7-9 per cent to . An increase in prices of domestic natural gas will also lead to a rise in wholesale price index (WPI) inflation, which gives 0.46 per cent weightage to the natural gas of the total 2. CNG prices are expected to increase by Rs 1.67 per mmBtu compared with .46 per cent weightage given to crude petroleum and natural gas.If that happens, the price increase will be fully passed on to the end consumers, making compressed natural gas and piped natural gas dearer.That’s not all.36 per million British thermal unit applicable till March 2019.However, despite this price increase, CNG would be nearly 35 per cent cheaper than petrol. Domestic gas price is due for a revision.

Adani Gas won rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities on its own and another nine, including Allahabad, in joint venture with state-owned Indian Oil Corp (IOC), according to results of 78 out of the 86 cities that were bid out in the countrys Wholesale urban scooters cVT Manufacturers biggest city gas distribution (CGD) bid round.State gas utility GAIL's retailing arm, GAIL Gas, managed rights for four cities, including Dehradun.Indraprastha Gas Ltd had put in bids for 11 cities. Petronet LNG Ltd, India's largest liquefied natural gas (LNG) importer, sought to foray into CGD business by bidding for licence in seven cities.Bharat Gas Resources Ltd bid for as many as 53 cities while GAIL Gas Ltd put in offers for 34 cities. The regulator said bids for remaining GAs are being evaluated and outcome of the same will be announced shortly. In addition, CGD operations are being carried out in 5 districts, authorisation for which is either under consideration of PNGRB or is sub-judice.

Adani Gas on its own bid for 32 cities. Of the 86 cities offered for retailing of CNG to automobiles and piped cooking gas to households in the 9th CGD bid round, IOC bid for 34 cities on its own and another 20 in partnership with Adani Gas Ltd.53 crore domestic piped natural gas connections and 3,627 CNG (compressed natural gas) stations for transport sector would be installed largely during a period of 8 years up to September 30, 2026," PNGRB said. Gujarat-based Torrent Gas Pvt Ltd bid for 31 cities while Gujarat Gas Ltd put in offers for 21 areas. In a statement, PNGRB said the 9th CGD Bidding Round was launched on April 12 for development of city gas networks for the 86 Geographical Areas (GAs) which includes 174 districts (156 complete and 18 part), spread over 22 states and Union Territories (UTs) in India.

"As per the commitment made by the various entities in the 78 Geographical Areas (GAs) approved for issuance of Letter of Intent (LoI) in 9th CGD Bidding Round, 1. "At present, CGD authorisation has been given by PNGRB for 92 GAs covering 124 districts spread over 23 States and UTs.These cover 20 per cent of India's population and 11 per cent of its geographical area.When the bid round closed last month, IOC, BPCL and Adani Gas Ltd were the top bidders.Bharat Gas Resources Ltd, a unit of state-owned BPCL, won licence for 11 cities like Amethi and Rai Bareli in Uttar Pradesh and Ahmednagar in Maharashtra, while Torrent Gas Pvt Ltd made nine winning bids that included ones for Alwar in Rajasthan, Moradabad in Uttar Pradesh and Karaikal in Puducherry."Based upon the bids evaluations PNGRB approved issue of Letters of Intent (LoI) to the successful bidders for 78 GAs," it said.

Billionaire Gautam Adani's group has bagged licences to retail gas in 21 cities in the latest city gas distribution bid round that saw state-owned Bharat Petroleum Corp Ltd's unit and Torrent Gas emerging as the other big winners.. Indraprastha Gas Ltd, the firm that retails CNG in the national capital, won city gas rights for Meerut and Muzaffarnagar in Uttar Pradesh."With the completion of 9th CGD Bidding Round, CGD would be available in 178 GAs comprising 280 districts spread over 26 States and UTs covering more than 50 per cent of India's population and 35 per cent of its geographical area," PNGRB added.According to the Petroleum and Natural Gas Regulatory Board (PNGRB), IOC on its own won rights to seven cities, including Coimbatore and Salem in Tamil Nadu and Guna in Madhya Pradesh.

The Prime Minister further said it was a collective duty to work towards clean and green sources of energy as well as energy independence."We are trying to eliminate the cascading effect of different taxes on natural gas across different states," he said adding this would help bring down the غير مجاز مي باشدt of gas. About 65. “In 2019-20, we were fourth in the world in (oil) refining capacity.“Can a diverse and talented nation like ours be so energy import-dependent?” he asked, addressing an online event to inaugurate oil and gas projects in poll-bound Tamil Nadu.5 lakh crore in creating oil and gas infrastructure over five years," he said. "A strong emphasis has been laid on the expansion of city gas distribution network by covering 470 districts.Modi further said India is looking to reduce energy import dependence through capacity building.“I do not want to criticise anyone but I want to say (that) had we focused on this subject much earlier, our middle-class would not be burdened,” he said.Ethanol extracted from sugarcane is being doped in petrol to reduce the requirement of imports.While global rates have rebounded with pick up in demand, the government has not restored the taxes, which are at a record high. We are committed to bringing natural gas under the GST regime," he said. “Today, India is increasing the share of energy from renewable sources. We are working on attracting domestic and international investment through investor-friendly measures," Modi said."

The Prime Minister dedicated to the nation the Ramanathapuram-Thoothukudi natural gas pipeline and Rs 500 crore gasoline desulphurisation unit at Chennai Petroleum Corporation Limited, Manali.3 per cent currently to 15 per cent. That is why India is now increasing the focus on ethanol to help farmers and consumers,” he said. The focus now is also towards using renewable sources of energy, which will by 2030 form 40 per cent of energy generated in the country, he said, listing measures such as increased share of solar power, focus on public transport, switching to LED bulbs, scrappage policy for vehicles and use of solar pumps in irrigation. This number is expected to rise even further. He also laid the foundation stone of a Rs 31,500 crore Cauvery Basin Refinery at Nagapattinam. "We are eager to increase the share of natural gas in energy basket from 6.5 per cent of petrol is ethanol and this proportion is targeted to be raised to 20 per cent by 2025, helping cut imports as well as give farmers an alternate source of income.New Delhi: On a day when petrol crossed the Rs 100 mark, Prime Minister Narendra Modi on Wednesday said the middle-class would not have been burdened if the previous governments had focussed on reducing India’s energy import dependence.

This has meant that taxes paid on inputs cannot be offset by taxes on the final product. "We have planned to spend Rs 7. Modi said the nation is looking to build a natural gas pipeline grid to boost uغير مجاز مي باشدe of the environment-friendly fuel that would help cut carbon emissions. By 2030, 40 per cent of all energy will be generated from green energy sources,” he said.. India, he said, is looking to cut energy import dependence as well as diversify its sources to reduce risks. Central and state taxes make up for 60 per cent of the retail selling price of petrol and over 54 per cent of diesel.“Our government is sensitive to the concerns of the middle class. "Today Indian oil and gas companies are present in 27 countries with an investment worth about Rs 2. Currently, 8.Price of petrol crossed the Rs 100 per litre mark in Rajasthan after fuel rates were hiked for the ninth day in a row.Without referring to the relentless increase in retail fuel prices, which are linked to international rates, he said India imported over 85 per cent of its oil needs in the 2019-20 financial year and 53 per cent of its gas requirement.70 lakh crore," he said.

”Also, Indian firms have ventured overseas in the acquisition of oil and gas assets, which provide energy security. "I want to tell the world come invest in Indias Wholesale long range E-scooters energy. The government is working towards raising the share of natural gas in the energy basket to 15 per cent from the current 6. When the GST in 2017 subsumed over a dozen central and states taxes, five products -- crude oil, natural gas, petrol, diesel and jet fuel (ATF) -- were kept out of it for the time being.3 per cent and is committed to bringing it under the Goods and Services Tax (GST) regime to eliminate cascading effect of multiple taxes, he added. "Since 2014, we have brought in various reforms across the oil and gas sector, covering exploration and production, natural gas marketing and distribution." City gas projects will # provide clean cooking fuel to households in form of piped natural gas, alternate transport fuel as CNG to vehicles and feedstock and fuel to industries.

First gas from the KG-DWN-98/2 project is targeted for end-2019 and peak output is enviغير مجاز مي باشدed at 16.A bulk of the output in the 2018-19 financial year came from fields that were given to ONGC on nomination basis.9 billion cubic meters in the fiscal year ended March 31, 2019, as it doubles up efforts to raise domestic output to curb imports.5 per cent jump in natural gas production to 25.7 BCM by 2021-22.472 BCM against the sales of 19.5 mmscmd last fiscal.Similarly, ONGC has drawn an investment plan of Rs 5,725 crore for Vashishta and S1 for total gas production of 14.ONGC, he said, is taking all measures to sustain the production level and then grow further as per the companys China Roman holiday classic scooter operational blueprint. Some of the onshore fields too saw the trend of falling output reversed.New Delhi: Reversing years of decline, state-owned Oil and Natural Gas Corp (ONGC) has reported a record 6.Giving details of projects that contributed to the increase, he said the incremental production came from Daman Offshore in the West as well as S1 –Vashishta in the eastern offshore.073 BCM.It is investing Rs 57,000 crore - one of the highest investments in the world in gas projects - in the high potential KG-DWN-98/2 project in the Bay of Bengal as well as in developing other discoveries on off the west coast.

The project contributed 4.683 BCM against 23."Some of our gas fields are very old like the Bassien field in western offshore. India currently imports over 80 per cent of its oil needs.819 BCM in 2018-19 as compared to 24.Natural gas production from ONGC-operated nomination fields, NELP blocks and joint venture assets reached 25.56 mmscmd by 2022.054 BCM to 0.During 2018-19, the company has, for the first time in its six-decade-old history, witnessed the highest ever gas production of 71 million standard cubic meters per day (mmscmd) in November 2018.The growth rate was higher than the global average of 3-4 per cent year-on-year.There has been a marginal increase in the New Exploration Licensing Policy (NELP) fields also from 0..61 BCM output in the previous fiscal, ONGC Chairman and Managing Director Shashi Shanker said here.Natural gas is the fastest growing primary energy source in the world.The company has stepped up efforts to bring newer fields into production after Prime Minister Narendra Modi set a stiff target of reducing oil import dependence by 10 per cent by 2022.93 BCM over a period of time.

Aiming to reduce dependence on imports for meeting energy needs and cutting greenhouse emissions, India is looking at increasing consumption of natural gas by more than doubling its share in energy basket to 15 per cent by 2030.The Daman project has been completed at an investment of Rs 6,086 crore for a production profile of 26. Gas output from these rose to 24.Shanker said, gas sales also recorded an impressive increase during the year with sales (provisional) standing at 20.494 BCM in 2017-18.The company is on course to produce 42 BCM by end of fiscal 2022, when its prized KG basin discoveries will come onstream. Current production # from the project stands at 3 mmscmd.43 BCM in the previous 2017-18 fiscal. Current gas production from the block is 4.

It is the cleanest burning petroleum-based fuel and has wide applications -- from being used to generate electricity to the running of automobiles (CNG) and firing kitchen stoves.The growth in output was largely contributed by C-26 Cluster fields, Daman and Vasai East fields in the western offshore as well as sub-sea well S2AB in the eastern offshore, he said adding ONGC has charted out a plan to double the gas production at 42.One of the major breakthrough On-shore projects is Tripura Gas Project for which an investment plan of Rs 5,000 crore is being drawn up to recover 49.61 BCM.5 mmscmd.37 BCM gas up to the profile period. These continue to make a substantial contribution to the overall domestic production of gas because of continuous monitoring of the fields, applications of state-of-the-art technology and best possible reservoir management," Shanker said.