Reliance re-auctions gas in line with new govt rules

Reliance re-auctions gas in line with new govt rules

Reliance Industries Ltd and its partner BP PLC have re-launched an auction for sale of natural gas from their eastern offshore KG-D6 block after incorporating the government’s new marketing rules to give CNG-selling city gas companies first priority over supplies. Reliance and its partner BP Exploration (Alpha) Ltd (BPEAL) will sell 6 million standard cubic […]

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Rising gas prices constrain CNG penetration in commercial vehicles: Icra

Rising gas prices constrain CNG penetration in commercial vehicles: Icra

Rising gas prices have constrained CNG penetration in commercial vehicles to 9-10 per cent in the current fiscal from peaks of 16 per cent, Icra Ratings said on Friday. A spurt in global energy prices has led to a 70 per cent jump in the price of CNG in the last one year. This has […]

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GAIL net profit falls 46 pc as Russian gas supply snag hurts petchem business

GAIL net profit falls 46 pc as Russian gas supply snag hurts petchem business

GAIL said there was a disruption in liquefied natural gas (LNG) supplies by a former unit of Russia’s Gazprom GAIL said there was a disruption in liquefied natural gas (LNG) supplies by a former unit of Russia’s Gazprom State-owned gas utility GAIL (India) Ltd on Thursday reported a 46 per cent drop in its September […]

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