Washington: Opening up the prospects of export of shale gas to energy starved India, the US today granted conditional authorization to export domestically produced liquefied natural gas (LNG) to nations that do not have Free Trade Agreement (FTA) with it.
In a decision, which has major implications for India, the Department of Energy announced that that it has conditionally authorized Freeport LNG Expansion, LP and FLNG Liquefaction, LLC (Freeport) to export domestically produced LNG to non-FTA countries from Freeport Terminal on Quintana Island in Texas.
Given that the companies from countries like China, Japan and Britain have already have an overwhelming stake in this Texas company, India is unlikely to benefit immediately from this grant of license. But the decision paves the way for India, which does not has a FTA with the US, to get its companies seek similar licenses for import of much needed gas from the United States in large quantities from other terminals.
The existing federal law generally requires approval of natural gas exports to countries that have an FTA with the United States. For countries that do not have an FTA with the United States, the Natural Gas Act directs the Department of Energy to grant export authorizations unless the Department finds that the proposed exports "will not be consistent with the public interest."...
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11:10 AM, May 18, 2013
Mumbai: State-owned energy major Oil and Natural Gas Corporation (ONGC) on Thursday reclaimed the spot as the country's most-valued company, pushing IT giant TCS to the second slot. At the end of trade, ONGC commanded a market value of Rs 2,89,047 crore. This is about Rs 4,428 crore more than TCS's market cap of Rs 2,84,619 crore. ONGC scrip ended 0.82 per cent higher, while TCS lost 1.02 per cent...
04:53 PM, May 16, 2013
New Delhi: Oil Ministry's proposal for an across-the-board near doubling of natural gas prices has been rejected by the Cabinet Secretariat saying a ministerial panel headed by Defence Minister AK Antony did not have powers to do so. The Ministry had sent a draft proposal for the consideration of the Empowered Group of Ministers (EGoM) to price all domestically produced natural gas - be of state-run ONGC or private sector...
04:18 PM, May 15, 2013
Islamabad: At least 15 people were killed and four others injured on Sunday when the gas cylinder of a passenger van exploded in Pakistan's northwest tribal region, a media report said. The passenger van carrying over 20 people was on its way to Bannu from Miranshah when its gas cylinder exploded in Khajori area of North Waziristan along the border with Afghanistan, Xinhua reported citing Dunya TV. All the victims...
04:33 AM, May 13, 2013
New Delhi: The Cabinet on Thursday cleared direct benefit transfer on LPG subsidy. The scheme was to be introduced on January 1, but was postponed two times, most recently because only 13 per cent of Aadhaar numbers among the beneficiaries chosen for the launch areas had bank accounts. Under a pilot project for LPG subsidy transfer, 20 districts in the country will be covered by May 15. While about 32...
09:49 PM, May 09, 2013
Puducherry: The opposition AIADMK has accused the Rangasamy-led government in Puducherry of adopting a discriminatory policy against the party out of political vendetta. The party's Puducherry unit secretary A Anbalagan, MLA, alleged that the exclusion of the AIADMK from the State Planning Board was a clear case of discrimination; the government was showing against party legislators. He wondered how those who were not members of the Board were invited to...
11:48 AM, May 07, 2013
Barcelona: Cesc Fabregas's 26th birthday celebrations on Saturday may have been more subdued than usual after Barcelona's Champions League exit to Bayern Munich on Wednesday, the latest in a series of key matches in which he has failed to impress. The former Arsenal captain has struggled to live up to sky-high expectations since returning to his boyhood club in the summer of 2011, even prompting media speculation he may move...
10:02 AM, May 05, 2013
New Delhi: Jet fuel prices were on Wednesday cut by 5.3 per cent, the second steep reduction in rates in one month. Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,545.94 per kilolitre (kl), or 5.35 per cent, to Rs 62,649.95 per kl, according to Indian Oil Corp, the nation's largest fuel retailer. The reduction in rate, made possible due to declining international oil prices, came...
09:17 PM, May 01, 2013
New Delhi: The price of non-subsidised LPG cylinders was cut by Rs 54 per bottle on Tuesday. The move came just hours after petrol price was slashed by Rs 3 per litre, effective from midnight. On April 1, the price of non-subsidised cooking gas was reduced by Rs 3 per cylinder in line with fall in international rates. The government had in September 2012 fixed a quota of six subsidised...
11:35 PM, Apr 30, 2013
Bangalore: Indian IT bellwether Infosys became Environmental Tracking (ET) carbon ranking leader in 2013 for its greenhouse gas emissions and disclosure practices. "As part of the selection process, the Environmental Investment Organisation (EIO), a London-based climate change and finance think-tank, ranked Infosys among top five of the 300 large firms it assessed for carbon footprint," the global software major said in a statement here on Monday. The company's carbon reduction...
11:59 PM, Apr 29, 2013
Washington: US Defense Secretary Chuck Hagel announced the US intelligence community believes that the Syrian government used sarin gas on a small scale against the rebel forces that are trying to overthrow President Bashar al-Assad's government. The disclosure created a quandary for US President Barack Obama, who has set the use of chemical weapons as a "red line" that Assad must not cross, and triggered calls from some hawkish Washington...
08:44 AM, Apr 26, 2013
New Delhi: Director duo Chris Sanders and Kirk De Micco's 3D animation movie 'The Croods' has got an impressive start in India. The co-production of Fox Star Studios and DreamWorks has earned Rs 4.31 crore since its release April 19. It has also become the 4th biggest animation opener of India joining the ranks of 'Ice Age 4', 'Kung Fu Panda 2' and 'Madagascar 3'. "We are delighted with the...
12:41 PM, Apr 24, 2013
Pep Guardiola is not the only connection between Bayern Munich and Barcelona, who meet in their Champions League semi-final, first leg at the Allianz Arena on Tuesday. Both teams are dominating their leagues to an almost embarrassing extent, have won the Champions League four times apiece, share an acrimonious rivalry with Real Madrid, and owe part of their success to the flamboyant Dutchman Louis van Gaal. Both have also been...
06:27 PM, Apr 22, 2013
Mumbai: Megastar Amitabh Bachchan, who unveiled former cricketer Navjot Singh Sidhu's website, sherryontop.com, minces no words in praising the quick-witted 'young man' and said he would have loved to use his quotes on 'Kaun Banega Crorepati' (KBC). "I have great admiration for the young man... I have always loved the way he has spoken about so many aspects of life. Just watching him and being in his company is a...
05:29 PM, Apr 19, 2013
New Delhi: Voicing concern over "painfully slow" progress in climate talks, Prime Minister Manmohan Singh on Wednesday said the goal of stabilising global temperatures was "nowhere in sight" and pitched for individual countries to take action to increase energy efficiency. Singh, inaugurating the Fourth Clean Energy Ministerial, also made it clear that rich nations, who were responsible for a bulk of greenhouse gas emissions, were best placed to provide workable...
12:30 PM, Apr 17, 2013
Monte Carlo: Fifth-seeded Juan Martin del Potro, sixth-seeded Jo-Wilfried Tsonga and No. 7 Richard Gasquet all advanced to the third round of the Monte Carlo Masters on Tuesday. Tsonga beat Russian veteran Nikolay Davydenko 7-6 (3), 6-2, while Gasquet had a little more trouble overcoming Benoit Paire 6-1, 3-6, 6-1 and Del Potro was pushed even further as he struggled past Alexandr Dolgopolov of Ukraine 1-6, 6-4, 6-3. Del Potro,...
01:00 AM, Apr 17, 2013
Jabalpur: Madhya Pradesh High Court on Friday issued notices to seven persons, convicted in the Bhopal gas tragedy case, following a petition filed by the CBI demanding their retrial. Justice MA Siddiqui issued notices to all seven convicts, seeking replies within four weeks. The CBI in its petition is demanding the retrial of all seven for culpable homicide not amounting to murder under section 304-II of Indian Penal Code. Assistant...
12:45 AM, Apr 13, 2013
Barcelona: Cesc Fabregas scored his first hat-trick to shine in place of the injured Lionel Messi, powering Barcelona to a 5-0 thrashing of Mallorca in La Liga on Saturday. The Catalan club's festive night got even better in the 70th minute when Eric Abidal went on for his first game with Barcelona since a liver transplant last year. "Tonight is for Abi," said Fabregas. "Any other night would have been...
03:42 AM, Apr 07, 2013
Chennai: A day-long general strike demanding permanent closure of the copper smelter plant of Sterlite Industries (India) Ltd will be held on Monday at Tuticorin, said MDMK party general secretary Vaiko on Saturday. The company is part of Britain-based Vedanta Resources Group. In a statement issued here, MDMK founder Vaiko said the anti-Sterlite movement has called for a one-day general strike demanding the permanent closure of the copper smelter plant...
01:25 PM, Apr 06, 2013
Buenos Aires: Richard Gasquet of France has been replaced by Gilles Simon for singles on Friday against Argentina in the Davis Cup quarter-finals. France captain Arnaud Clement withdrew Gasquet, citing an unspecified injury, at the draw on Thursday. In Friday's opening singles, Carlos Berlocq will face Jo-Wilfried Tsonga of France. Juan Monaco will play Simon in the second singles match on the outdoor clay at Parque Roca on the outskirts...
09:10 PM, Apr 04, 2013
