Natural gas News

According to an earlier filing, the Delhi High Court on February 14 overturned an international arbitration tribunal ruling that held the duo not responsible for paying any compensation for the gas they produced and sold which had allegedly migrated from adjoining fields. 

Jaisalmer Water News: On Sunday, ONGC officials inspected the site and determined that the gas was neither poisonous nor flammable, easing immediate concerns.

The annual rate of inflation based on WPI Food Index decreased from 3.55 per cent in July to 3.26 per cent in August, as per data from Ministry of Commerce and Industry. 

A witty and emotional delivery of the story line and character arcs of the Mishra family makes their stories relatable, engaging the viewers.

Rates of piped cooking gas, called PNG, and CNG have jumped 80 per cent in one year to August 2022. This follows a spurt in international energy prices.

The Union Cabinet on Thursday approved a new formula for the pricing of natural gas A cap or ceiling price was imposed to rein in runaway prices of CNG and piped cooking gas

There is a shortage of natural gas amid the cold wave in China It is making the winter chillier and unbearable for the residents

The halt has led to a hike in CNG and piped cooking gas prices to record levels. Current supplies have been maintained at March 2021 demand level, report said.

Natural gas is currently outside the ambit of GST. Existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel. VAT rate on natural gas is very high in some states.

The new licences awarded to IOC relate to major districts of some states. The company is already working on gas sales projects worth 200 billion rupees.

Natural gas is also used to make fertilisers and turned into CNG. As a result, CNG prices could increase soon. CNG prices could increase by 10-11%.

The core sectors had expanded by 2.2 per cent in January 2020 Coal, crude oil, natural gas, refinery products, and cement recorded negative growth in January. The output of fertiliser, steel and electricity in January grew by 2.7 per cent, 2.6 per cent and 5.1 per cent.

Policy to grant marketing freedom to the Field Development Plans. Reforms to be build on a series of transformative reforms. Reforms in gas sector to further deepen and spur the economic activities.

Petroleum Ministry officials said they are hopeful that this cut would be included in the Union Budget 2019-20 proposals to be presented in Parliament this July. The matter has already been discussed with the Finance Ministry.

Natural gas prices are set every six months - on April 1 and October 1 every year - based on average rates in gas-surplus nations such as the US, Russia and Canada.

US President Donald Trump`s administration has announced plans to roll back a ban on new offshore drilling off the coasts of Florida and California and was considering over 40 sites for leasing of natural gas and oil production, the media reported.

Crude oil, petrol, diesel, aviation turbine fuel (ATF) or jet fuel and natural gas are not included in GST.

India consumed 14 million tonnes (MT) of pet coke during April-October 2017, marginally lower than 14.9 MT used in same period of last fiscal. Of the fuel consumed, only 8 MT was produced locally and the rest was imported.

The government also hiked the cap price based on alternate fuels for undeveloped gas finds in difficult areas like deepsea which are unviable to develop as per the existing pricing formula.

The Mumbai High field annually produces oil and natural gas of about 9 million to 10 million tonnes of oil equivalent.