IOC signs $7-9 billion long-term LNG import deal with UAE firm

14 Feb 2025 CW Team

Indian Oil Corporation (IOC), the nation's largest oil firm, has signed a USD 7-9 billion deal to import LNG from UAE on a long-term 14-year contract. IOC signed a long-term deal to receive 1.2 million tonnes per year of LNG from the United Arab Emirates beginning 2026 for 14 years. The deal was signed on the sidelines of India Energy Week here. hTe deal with IOC is the second LNG supply deal that the UAE giant signed with an Indian firm at the IEW. It signed a deal with Bharat Petroleum Corporation Ltd (BPCL) to supply 2.4 million tonnes of LNG over a period of 5 years, starting April 2025. The agreement is extendable by another 5 years with mutual consent. Separately, French energy giant TotalEnergies signed a deal to sell 4,00,000 tonnes a year of LNG to Gujarat State Petroleum Corporation Ltd (GPSC) for 10 years starting 2026. The LNG, sourced from TotalEnergies' global portfolio and delivered to terminals on India's west coast, will primarily serve GSPC's industrial customers.

Infrastructure Transport

10 Feb 2026

Tamil Nadu Gets Rs 76,110 mn for Railways, Three Projects Revived

Union Minister for Railways Ashwini Vaishnaw announced that Tamil Nadu has been allocated Rs 76,110 mn in the Union Budget 2026–27, marking a 14.9 per cent increase over the Rs 66,260 mn allotted in 2025–26. The allocation is intended for ongoing new line projects, track doubling, station redevelopment and safety-related works, with project-wise details to be disclosed when the Pink Book is released. Officials indicated that the funds will be deployed across construction and modernisation priorities identified for the state. The minister urged the Tamil Nadu government to extend support f..

Nagpur Station Redevelopment Deadline Extended To March 2027

Nagpur Railway Station redevelopment has been rescheduled to March 2027 as officials opted for a cautious approach to minimise disruption at the busy terminus. The project had earlier been due for completion in December 2026 but work at a live station while preserving the heritage character of the building has slowed progress. The Divisional Railway Manager (DRM) said construction sequencing is being adjusted to maintain passenger services. The DRM provided an update on Ajni Railway Station, stating its redevelopment timeline has been revised to October 2026 instead of the earlier target of c..

Railway Push Boosts Connectivity in Jammu and Kashmir

An accelerated push to expand railway infrastructure is reshaping connectivity in Jammu and Kashmir, with Indian Railways leading an extensive programme of new lines, stations and engineering works. Officials described the effort as aimed at linking remote areas to major trade and transport corridors and at reducing travel time for passengers and freight. The programme incorporates complex tunnelling and bridge construction to negotiate challenging terrain and to provide year round access. Administrative sources indicated that coordination with central and local agencies has been intensified t..