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
New Delhi: Prime Minister Mamohan Singh on Friday returned home after his three-day visit to Germany during which key issues like India-EU FTA were discussed with German Chancellor Angela Merkel articulating the impediments in inking of the pact. Pitching for investments from Germany and other countries, Prime Minister Singh had made it clear during the trip that government's resolve to boost economic growth remains "unwavering". India and Germany also inked...
01:30 AM, Apr 13, 2013
Berlin: The leaders of Germany and India said on Thursday that progress is being made on a new free trade agreement between India and the European Union but cautioned that there is still work to be done. Negotiations have been ongoing for six years and officials had hoped to conclude the agreement by the end of 2012. But the agreement has been hung up over a wide range of issues,...
04:26 AM, Apr 12, 2013
Berlin: India on Wednesday sought a strong political thrust from Germany, a key member of the 27-nation European Union bloc, for inking of the long pending Free Trade Agreement with the grouping. This was conveyed by External Affairs Minister Salman Khurshid during his comprehensive talks with German counterpart Guido Westerwelle, during which various bilateral, regional and international issues including EU-India FTA, Iran's contentious nuclear programme, and North Korea were discussed....
09:00 AM, Apr 11, 2013
A day after five Central Reserve Police Force personnel were killed in a fiyadeen attack in Srinagar in Jammu and Kashmir, India on Thursday said it will not start group tourist visa facility for Pakistan nationals from Friday as it scheduled. ...
06:19 PM, Mar 14, 2013
A woman identified as Rinku, who had entered into a written agreement with some hired killers, has been arrested by Dehradun police for plotting to murder her husband. She had used a stamp paper to enter into an agreement with the killers in which the amount to be paid for the murder of her husband Surinder Singh was also mentioned. ...
11:00 AM, Feb 25, 2013
Iran indicated that some progress was made in talks with the UN nuclear watchdog on Wednesday, but that the two sides again failed to finalise an elusive framework deal over the Islamic state's disputed atomic activity. ...
02:46 AM, Feb 14, 2013
The Kargil War was an unsound military operation based on invalid assumptions, a retired Pakistani general who served in the ISI, has said. In an article in Pakistan's 'The Nation' newspaper earlier this month, Lieutenant General Shahid Aziz, a former commander of the IV Corps in Lahore, debunked the official claim that mujahideens were involved in the war. ...
12:09 PM, Jan 27, 2013
As India and Pakistan clashed in the Security Council over relevance of the UN observer group at the LoC, a spokesperson for UN chief Ban Ki-moon said the force can be terminated only by a decision of the 15-nation body. ...
12:29 PM, Jan 23, 2013
Islamabad: President Asif Ali Zardari on Tuesday confirmed Pakistan's ratification of a landmark visa agreement signed with India in September that will benefit several categories of travellers, including businessmen and senior citizens. Pakistan's cabinet had ratified the visa agreement on October 31. Presidential spokesman Farhatullah Babar said the objective of the agreement is to facilitate travellers of the two countries. Besides diplomatic, non-diplomatic and official visas, visitor visas will be...
12:31 AM, Nov 21, 2012
Phnom Penh: PM Manmohan Singh on Monday announced that India is ready to conclude the delayed Free Trade Agreement (FTA) in services and investment with ASEAN by next month that will provide a "springboard" for rapid expansion in ties, as he invited investments from the 10-nation grouping citing "enormous opportunities". Contending that enhanced cooperation between India and ASEAN was crucial for promotion of peace, security and stability in the region...
09:47 AM, Nov 20, 2012
Good news is seldom expected in the world's hydrocarbon economy and the shale gas boom in North America follows that trend. The rise of this ...
11:56 AM, Nov 14, 2012
Greater Noida: Formula One teams have broadly agreed to a hike in entry fees next year and a new 'Concorde' commercial agreement could be signed very soon, Mercedes principal Ross Brawn said on Thursday. The Concorde is a confidential commercial agreement between the rights-holding company, the 12 teams whose cars compete in the 20-race series and the governing International Automobile Federation (FIA). It also sets out how much of the...
08:11 PM, Oct 25, 2012
New Delhi: Indian External Affairs Minister SM Krishna met Punjab Governor Latif Khosa and Chief Minister Shahbaz Sharif on Sunday. Upon his arrival in Lahore, Krishna said, "Well, all this is going to help foster a much more cordial relationship between our two countries." "It is my earnest desire and the desire of Dr Manmohan Singh, the Prime Minister of India, and the people of India that we would like...
03:47 PM, Sep 09, 2012
Indian and Pakistani Foreign Ministers finished their talks on Saturday evening amidst an atmosphere of positivity, and though there were few concrete assurances on the 26/11 trial in Pakistan, both nations signed a new liberalised visa agreement. ...
11:44 AM, Sep 09, 2012
Joint Statement following the meeting between the Minister of Foreign Affairs of Pakistan and the Minister of External Affairs of India. 1. The Minister of Foreign Affairs of Pakistan Ms Hina Rabbani Khar and the Minister of External Affairs of India Mr SM Krishna met in Islamabad on September 8, 2012, for a meeting to review progress in the Dialogue process. 2. The Ministerial level talks were preceded by a...
07:59 PM, Sep 08, 2012
Islamabad: Foreign ministers of India and Pakistan, SM Krishna and Hina Rabbani Khar addressed the media in Islamabad on Saturday after the second round of resumed dialogue between the two countries with issues like terrorism to be on top of the agenda. Both Krishna and his Pakistani counterpart emphasised the need for the two countries to set the sight on the future and not be held "hostage" by the past....
07:49 PM, Sep 08, 2012
Islamabad: India and Pakistan signed the much-awaited liberalised visa agreement on Saturday, introducing for the first time group tourist and pilgrim visas, separate visa for businessmen and visa on arrival for those over 65 years of age. The new pact replaces the existing visa regime that began in 1974. The agreement was signed between Interior Minister Rehman Malik and Indian External Affairs Minister SM Krishna, who is on a three-day...
05:39 PM, Sep 08, 2012
During the three-day visit of External Affairs Minister SM Krishna to Pakistan, the two countries are expected to sign the bmuch-awaited liberalised visa agreement, introducing for the first time group visas. ...
02:00 PM, Sep 08, 2012
Islamabad: The much-awaited liberalised visa agreement between India and Pakistan will be signed on Saturday, introducing for the first time group tourist visas. "The visa agreement will be signed tomorrow (Saturday) between the two countries," said Pakistan Interior Minister Rehman Malik, whose opposition was mainly responsible for the pact not being signed in May. The new agreement will replace the old and tardy visa regime that was signed in 1974....
08:02 AM, Sep 08, 2012
