PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: RNCOS E-Services (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

India Will Shell Out 50% More to Iran For Oil - India agreed to pay 50% more than the initial amount it agreed to pay in June 2005 to buy five million tons of LNG from Iran
India Will Shell Out 50% More to Iran For Oil

 

NewswireToday - /newswire/ - Delhi, New Delhi, India, 2007/01/02 - India agreed to pay 50% more than the initial amount it agreed to pay in June 2005 to buy five million tons of LNG from Iran.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Bharat Petroleum and state-run Gas Authority of India Ltd. signed a deal with the National Iranian Gas Export Co. in June 2005 to buy five million tons of Liquefied Natural Gas (LNG) at $3.125 per Million British Thermal unit (mBtu) cap price. But now, the price quotations have changed. Both the parties are now agreeing to pay $4.775 per mBtu.

The Iranian side has been persisting that the June pact is off unless the gas price is revised. A GAIL spokesperson said that though they have all the legal rights to sue them for not respecting a signed pact, they don't want any complications in the matter now.

As per the agreement, Iran was supposed to charge 6.5% of the Brent crude oil price at the loading time of each shipment and a fixed price of $1.2 per mBtu at $31 per barrel Brent price. For the first two years, a 10% discount was given, resulting to the price of $2.9 per mBtu from 2009 to the year 2011.

According to a research analyst at RNCOS, who has recently researched a report on "Market Research on Asian LNG Market (2007)", India that depends on imports for its more than 70% requirements wants to make sure it receives sufficient supplies to maintain its economic growth, which is recording a growth of over 8% a year. High prices of oil broaden trade deficit of India and build inflation pressure.

The market research report on Asian LNG market also addresses the facts and issues critical to your success, like:

- Atlantic LNG market growing at faster pace as compare to Asia-pacific market
- Role of Middle East as LNG importer
- Japan & Korea remains the largest importer of LNG in 2005
- Insight into market performance trends
- Growth sectors and factors driving change

The research report provides extensive research and rational analysis on Global LNG industry. It also furnishes the information on the opportunities, challenges and market leaders in the LNG market.

About RNCOS

RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: RNCOS E-Services (P) Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


India Will Shell Out 50% More to Iran For Oil

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Shushmul Maheshwari 
+91 12 04224700 press[.]rncos.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RNCOS E-Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From RNCOS E-Services (P) Ltd / Company Profile


Read Energy Most Recent Related Newswires:

Forestalia Selects GE Renewable Energy to Provide 1,200 MW of Wind Power in the Largest European Auction to Date
Enel Launches E-Solutions - A New Global Business Line
Enel Buys A Stand-alone Battery Energy Storage Project in UK
GE Supports Power Grids of the Future with Europe’s First MVDC Link
ENGIE Launches Home Energy Business in the UK
Akenerji Selects GE’s Predix-based Operations Optimization Software to Improve Gas Thermal Plant Efficiencies and Performance
Enel Starts Construction of New 298 MW Wind Project in The United States
OPEC and Non-OPEC Nations Will Reduce Oil & Gas Production to Restore Supply-Demand Parity Finds Frost & Sullivan
ENGIE and AES Agree to Expand their LNG Marketing Partnership to Central America
GE to Supply Power Generation Technology for Ghana’s 400 MW Bridge Power Project
Enel Starts Operating New South African Wind Farm
GE Announces Order with AE Energia to Bring Fast, Digital Power to Angola
GE’s Energy Ecosystem Reveals Innovative Energy Solutions and Transformation Ideas to Help Meet Vietnam 2030 Power Targets
GE Launches OnBoard* - an Integrated Service Offering for Offshore Oil and Gas Water Treatment
Enel Begins Operations of New 150 MW Wind Farm in the United States

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  Explorers Vacation Club





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)