India

Americas

Tellurian signs $7.5bn US LNG pact with Petronet

23/09/2019

Tellurian Inc. said it signed a $7.5 billion agreement for India’s Petronet LNG Ltd. to buy into its proposed liquefied natural gas terminal in Louisiana, in what could potentially be one of the largest foreign investments in the U.S. to ship shale gas abroad.

Oil & Gas

India ‘plans’ to pay five Iranian banks for oil imports

19/12/2018

India will deposit payments for crude oil imported from Iran into escrow accounts of five of their banks held with state-run UCO Bank Ltd. after the two nations agreed on a payment mechanism to overcome U.S. sanctions, according to people with knowledge of the matter.

Asia

Record India diesel prices a pain for Modi as rupee tumbles

18/09/2018

India’s growth monikers -- the world’s fastest-growing major economy and the fastest-growing oil user -- might make for good headlines, but when juxtaposed with the less-flattering description of its currency they pose a problem for Prime Minister Narendra Modi.

Asia

ONGC $1.6bn stake sale faces subsidy hurdle

06/09/2018

India’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp. has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation.

Nuclear

Quest to find trillion-dollar nuclear fuel on the moon

27/06/2018

India’s space program wants to go where no nation has gone before -– to the south side of the moon. And once it gets there, it will study the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.

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