India to raise its refining capacities to 400 million tonnes from 250 million tonnes per year: Prime Minister

India has planned to raise its refining capacities from about 250 million tonnes per year (MTPA) to 400 MTPA by 2025, Prime Minister Narendra Modi told the recently held India Energy Forum The PM further indicated his preference towards moving the country towards a gas-based economy. “Increasing domestic gas production has been a key government […]

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India’s domestic natural gas output falls by 13 per cent in April-September

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According to data available with state-sponsored Petroleum Planning and Analysis Cell (PPAC) India’s domestic natural gas production fell by 12.9 per cent year-on-year (y-o-y) to 13,939 million metric standard cubic metre (mmscm) in the first half of the fiscal. The fall was mainly attributed to operations becoming increasingly unviable for energy production companies with government […]

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New unified tariff to make gas more affordable to far-flung consumers

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Based on FY 2019-20 consumption levels, the Petroleum and Natural Gas Regulatory Board (PNGRB) has indicated that the new unified gas pipeline tariff would be almost halved to be around Rs 56.8 per million British thermal units (mmBtu). The new unified gas pipeline tariff regulation, once implemented, is expected to significantly cut rates of gas […]

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BPCL enters into a 15 year contract for 1 million tonnes per annum LNG from Mozambique

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Bharat Petroleum Corporation (BPCL) has entered into a 15 year long term contract for 1 million tonnes per annum (mtpa) LNG from the much awaited Mozambique project. BPCL owns 10% in the 12.88 mtpa offshore project of the Mozambique basin. ONGC Videsh Limited (OVL) and Oil India are the other consortium partners of the Mozambique project. French energy […]

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