IOC in talks with Tellurian of US for long-term LNG deal

21 Oct 2022 CW Team

Indian Oil Corp (IOC) is in talks with US energy firm Tellurian Inc for a long-term liquefied natural gas (LNG) supply deal as well as an equity investment in the latter's Driftwood project, according to a report citing people familiar with the matter.

Turmoil in the international market has made it harder for IOC to source affordable LNG. Indian Oil, Petronet LNG and GAIL are all seeking long-term contracts but have been unable to cut any deal that can bring supplies ahead of 2026, when large global liquefaction capacity is expected to come onstream, easing the current crunch.

Indian Oil has begun discussions with Tellurian but is yet to agree on volume or the equity investment in Driftwood LNG project.

Tellurian said in response to a query, “We have watched with admiration the investment India has made in natural gas infrastructure and would be delighted to work with Indian companies on supply. Tellurian is prioritising strategic equity partners who may want LNG offtake for their portfolios, and has freed up 6 mt within the first phase of Driftwood for that purpose."

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..