Search Result for : Liquefied Natural Gas

The Dollar Business Bureau  Japan's exports increased at a fast pace in July, indicating a revival in demand from China, the US and Southeast Asia, though the prices rose faster compared to the volumes for several products.  Exports rose over 13% in July to 6.5 trillion yen ($59 billion) compared to a year earlier, according to a data released on Thursday.  On the other hand, the imports into the country rose 16% to 6.1 trillion yen ($55 billion), supported by an increase in the shipments of oil and coal, the data said.  This resulted in declining of trade surplus by 17% to 419 billion yen ($3.8 billion) compared to a year earlier.  “Trade actually dragged on growth in the world's third-largest economy in the April-June ...

The Dollar Business Bureau Iran will witness a sharp increase in its natural gas production and exports after easing of Western sanctions last year, Deputy Oil Minister of Iran, Amir Hossein Zamaninia said on Tuesday. The latest deals with global companies show that they believe the sanctions are not coming back, he added. Iran's gas output would increase to 1 billion cubic metres per day by this year end from the present 800 million cubic metres a day, said Zamaninia. The Minister further said the volumes currently available for exports with the country should rise to 365 million cubic metres per day by 2021, which is more than the exports of Qatar - the largest producer of liquefied natural gas in the world. Earlier this ...

Source: PIB, Government of India Resumption of Negotiations with Iran for Import of LNG  The Minister of State (Independent Charges) for Petroleum & Natural Gas Dharmendra Pradhan informed the Rajya Sabha in a written reply on Wednesday that Indian buyers (GAIL, IOCL & BPCL) signed bilateral Sale and Purchase Agreement (SPA) with National Iranian Gas Export Company (NIGEC), Iran on June 13, 2005 for import of 5 MMTPA of LNG. Quantities required by the buyers were as follows: GAIL – 2 MMTPA IOCL – 1.75 MMTPA BCPL – 1.25 MMTPA The contract price for Liquefied Natural Gas (LNG) was linked to Brent crude with a floor and cap of $10/bbl and $31/bbl respectively. According to the side letter signed along ...

Interview by Himanshu Vatsa | The Dollar Business The Dollar Business (TDB): Apart from nuclear energy and defence sector, what are the areas that have potential to strengthen the business collaboration between India and the United States? Dr. Didar Singh (DDS): In chemical, pharmaceutical, bio-technology and bio-informatics sectors. In R&D, manufacturing and trade in advanced technologies in the fields of conventional munitions, aerospace, electronics, and material sciences. Other emerging sectors with significant market opportunities include lasers, robotics, nano-technology, specialty materials, and advanced design, engineering & construction capabilities. The infrastructure sector which includes ports, airports, roads, highways, power plants, implementation of Smart City projects etc. present an enormous potential for American companies doing business in India. Dr. Didar Singh, Secretary General, FICCI TDB: ...

 The Dollar Business Bureau Fluctuations in the price of natural gas might affect urea production subsidy provided by the government, but it will not have any bearing on the price of urea. However, the rise in price of natural gas will increase the subsidy burden on the exchequer as there is a direct impact of rise in gas price on the prices of fertilizers since increase in the price of gas by Rs.1.00 per MMBTU results in the increase of the cost of production of urea by Rs. 25.99 (6.499x4= 25.99) (The weighted average energy norm for all 27 gas based urea units in the country is 6.499 Gcal/MT and 1 Gcal = 3.96 MMBTU~ 4MMBTU). Therefore, the ...

Government of Indias move to supply gas at uniform delivered price to all fertilizer plants, will lead to an additional production of around 37.13 Lakh MT of urea in existing fertilizer units over the next four years, says the Department of Fertilizers. The Dollar Business Bureau The Indian Cabinet Committee of Economic Affairs (CCEA), on Tuesday, approved a policy to stabilise the prices of natural gas and imported Liquefied Natural Gas (LNG) used by the domestic fertilizer plants. Under this policy, the government intends to supply gas at uniform delivered price to the fertilizer plants on the gas grid, for the production of urea under a pooling mechanism. It is expected that the cost of urea production at pooled price would be less than ...