LNG Current Affairs, GK & News

India Russia sign first ever Term Contract to import crude oil to India

On February 5, 2020, the Minister of Petroleum and Natural Gas Shri Dharmendra Pradhan and the Chairman of Rosneft (Russia’s largest oil producing company) signed the first ever term contract. According to the contract India will import 2 million metric tonnes of Urals grade crude oil. Highlights The agreement was signed between IOCL and Rosneft. ..

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Strait of Homruz: The Artery of Oil

Recently two tankers were targeted in suspected attacks near the strategic Strait of Hormuz which is a vital waterway for global oil shipments. Strait of Hormuz The Strait of Hormuz is a strait between the Persian Gulf and the Gulf of Oman. It provides for the only sea passage from the Persian Gulf to the ..

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India receives first shipment of cheapest LNG from Gazprom Russia

On June 4, 2018, India received first shipment of its so far cheapest Liquefied Natural Gas (LNG) from Russian supplier Gazprom. The LNG has been delivered at a price close to USD 7 per million British Thermal Unit (mmBtu). This price is around 1.5 USD cheaper from the LNG imported from Qatar, which is India’s ..

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India receives first LNG consignment from United States

India has received first liquefied natural gas (LNG) cargo comprising 1.2 Lakh tones of the Gas from United States. The cargo has landed at the Dabhol regasification terminal in Maharashtra. About the India-US LNG Contract The recent consignment of LNG has been imported from US under a long-term contract of 20 years. This USD 32 ..

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India's first LNG-powered bus rolled out in Kerala

India’s first eco-friendly liquefied natural gas (LNG)-driven bus was launched in Thiruvananthapuram, Kerala. The first pilot run of the eco-friendly bus was jointly flagged off by Union Petroleum and Natural Gas Minister Dharmendra Pradhan and Kerala Chief Minister Pinarayi Vijayan. Key Facts The LNG-driven bus was rolled out as part of the Centre’s plans to ..

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