Petroleum Ministry note on shale gas for wider ... - GAIL (India)

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Sd Yet to TurnPSU Pacts intoJVSto AssureMore RevenueMANU BALACHANDRANs.tltLC"Li sigllect MO CS 551111 'hiLly 01liiilarge publicsec:tor ronlpan iesin Tndla.ha a heel aL 11g liilg L:o L ake I rivailtage.ul tileclosetteswlthats dSP peersevenas the compa.ny'sfinancialt continut tobe muter stress. Sfll had signed Mo Uscvi Hi lea ding governnlellt companies.Iwlnd tug Coal Intli a IC IL) an rl Oil andNLCLTLLI Gas Corporaiion (UNCUt lvtran.spsrti ngral goin thepast,but isvetto I alec ClOlll to tlllPt joint veni 11115.tellich C oLhldhelp liltGrin teitli assuredCargo awl reventle.Inaelelition.tljoihit 'liii erle agrL:'enuentsigned iaetween the company a.nd Ste.elAuthorityof halt a ISAIL)in iiilii it vetto artinare vessels for liar oporal 1011.The colnpany had also held talks with___________Nntioianl Thermal Power Corporallon(NTPCj to carrY its cargo.but the taPesclidnot vield re stalls."We st'alt aagtijomL 11111 Crles s.tilti cOlhipanics only if they can add value. WithSAIL. We LUIJ in thep'or"easofFlarqnarulg vessels.while the talks did notyield reanits withNTPC, SrrhhTiiapar.di-IP.eL or at 511 said- Thafee IS exosetevl to takeover as the chairman ofgned Mouswithc'Ltite dohiLpollY 50011.Expertsbtllevt tltal theONOCIOrlramrting firm would have heelI'ar intlw In tier pro pLireLl to 111ccpat, owis tileelowultetrtitithe shipyettolake pitlg inrhl slry had iiitepato formed 101110 joint tentorn,jotniWfltOreof vesselsniresveiihPSUS."Utusrlrr rates are verylow .jue to exe:tss supplylilt Illarkel and the delets : a 1101 ilidlsedl CO. had lierirni signed .jtals sellh PSUs to ferrycargo, it could have heen assured of101110 redetlue. Iti addition, the corupanyshould have alsoventured intoalliedearlier, sod Lors IL former official oi lieSht[gingmtntslrvtoldET.Pecellily SIP signed all Motlwith GasesALlLliorllv of ItiLlilt to Lrauuslaort gasfttmthe USandexptrtsbeltevethatlhtnlove is I ilsely iohelp Sd illaprove Cli:, itsnuaricials. her tile year ende.d MardiII,SCI had posted a net loss of tillerore wlule itt 101111 rerdhine stood attidal rrore. The prcbletn with lhtMotls i a thai the eon irar i a do 1101 assurereturn cargoand that will be a loss forSC!. SCI operatecannot if they onlyhave cargo lot our jonrllev. Despite Inlug eety close to tilegodertutietit ownedcompanies. Stll has not been ahle toslnkeelealsasdie PSLs arealao lookingfar cheaprr options". iaid Anand Sharma.Directorat: iltllvhai heard N rllliratie Marltilne Advisory SIIUs financialposition hadheen affected largely dnetoriowli turn 111 1110 shipping ntrinslrvand a delay in diversitylrtg Into alliedsectors of shipping, which also indllldeoffshoresupport vessels.Despite having signed an Mall withI iNGII in rletltohelptheoitlnajorin usofisholy operations ssheri tile charterrates were very high, the ollnpaniescordel 1101 form a joini vetulure. SCI isnow seeking a taeivat of talks whhDMA) to formshore operations.to expand its off.The Uvlicsl shippingnlinistry has alsoasked i.he ronlpanv to 101111 0 jolnt VEII Ctree 551111 pates toenter tile lueratleedredgil 1gsectorto helpits 1)1 lane ia I posit iota.Lastntonih, aparlilffnerdarvatoiadillgcctulr iltee on transpsrt had raisedserious concerns ahotat the futlire ofSIP,saying thinthe rorhupony might 111ccthe fate of Air India unlessit rents costsantl is 11111 ill 0 larofeaslotial II al Clot:Meanwidle, SCIs marketrapieslisalionhas Illore I hata halved ill the plst oneyeLff Wool hulore title'ta.Sei) crore to lessthan 11.700crore asof Tuesday SCI hadsigned Molk with leading govt cos fortrmuslxarlmg cargoin thepast but is yettotake s.eps to formjointventures.mane. balachandran@timeagrooptoln
ULEHAmESlabhlWtPStTand major prrnte pbyers haveevino±d intereflin buying out West Bengalgovernment's stake inHakuja PelrothemioikLtd(HPL), Mkh has beenput on the Mock The last datefor submisskmof express ion of interest (Eol)was Monday. Sevsral b mmpaniesboth in the public and private sectorshad shown keenness toparticipate in thebidding process.' sources inWest BengalI*lustrial Devekxpntent Corporation(WB,IDC) told PTL Companie.s that hadsubmiffed Eels wereIndinn Oil. ONGCarxdGATL (rum the public sector.
Page 7: Vopak considering LNG storage In As
Page 18 and 19: HPL intrinsic value luring oil majo
Page 22 and 23: Pricing makes new deals for importe
Page 24 and 25: India in Talks to Buy 2OMT LNG: Mol
Page 26 and 27: clalidenlified locations gas is sup
Page 28 and 29: India in talks to buy 20 MT ofLNG:
Page 30 and 31: iLNG Pipeline:Meet to beConvenedbFe

Petroleum Ministry note on shale gas for wider ... - GAIL (India)

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