He declined to comment on the Alaska LNG project, but stressed that any upstream investment must be economically viable, citing past exits from unprofitable U.S. shale oil projects. Inpex Corp, Japan’s biggest oil and gas explorer, says it has received interest to buy liquefied natural gas from its USD 20 billion Abadi LNG project in… Continue reading Inpex CEO says buyers’ interest for Indonesia’s Abadi LNG exceeds planned output
Author: Economic Times of India Online News
US, Ukraine agree to terms of critical minerals deal
“They say this gives him (Trump) real skin in the game. I think there is real logic to that,” Anderson said. The U.S. and Ukraine have agreed on the terms of a draft minerals deal central to Kyiv’s push to win Washington’s support as President Donald Trump seeks to rapidly end the war with Russia,… Continue reading US, Ukraine agree to terms of critical minerals deal
EU will ask India to cut tariffs on cars, wine to boost ties, reduce reliance on China
Leyen will meet Indian Prime Minister Narendra Modi on Friday, followed by discussions with trade minister Piyush Goyal. The European Union plans to urge India to lower its high tariffs on cars and wine to boost trade, as it seeks to reduce its reliance on China, a senior official from the bloc said, ahead of… Continue reading EU will ask India to cut tariffs on cars, wine to boost ties, reduce reliance on China
Capability assessment workshop on drones and autonomous systems concludes at IIT Kanpur
The strategic efforts will propel India’s self-reliance in drone technology while fostering innovation and industry collaboration. A workshop on drones and autonomous systems at IIT Kanpur, held in collaboration with MP-IDSA, brought together experts from the government, military, and industry to discuss India’s progress in drone technology and the steps needed to strengthen its ecosystem.… Continue reading Capability assessment workshop on drones and autonomous systems concludes at IIT Kanpur
Work on road projects worth Rs 80,000 cr will soon start in Assam: Gadkari
“Work on projects worth Rs 60,000 crore is already underway in the state and in various stages of completion.” Work on road projects worth Rs 80,000 crore will soon start in Assam, Road Transport Minister Nitin Gadkari said on Wednesday. Addressing virtually a session on the road, railway and riverine infrastructure at the Advantage Assam… Continue reading Work on road projects worth Rs 80,000 cr will soon start in Assam: Gadkari
EU says energy plan could cut 45 billion euros off fossil fuel import bill
The EU’s spending on imported fossil fuels plunged to 163 billion euros in 2020 during COVID-19 lockdowns, then peaked at 604 billion euros in 2022. Plans due to be published by the European Commission on Wednesday could shave 45 billion euros (USD 47.3 billion) off the EU’s fossil fuel import bill this year, according to… Continue reading EU says energy plan could cut 45 billion euros off fossil fuel import bill
India, EU to firm up coop in AI, EVs, chips & telecom
The heavy-duty EU visit will also coincide with the second meeting of the Trade and Technology Council with the EU India and the European Union at their high-level meeting here this week are expected to agree to collaborate in areas such as artificial intelligence, electric vehicles, semiconductors and telecoms, with a focus on “secure and… Continue reading India, EU to firm up coop in AI, EVs, chips & telecom
US tariffs: Tata Steel pitches for safeguard duties on imports
The US tariff has an indirect impact on the steel industry in India. Tata Steel‘s managing director TV Narendran on Tuesday pitched for safeguard duties on steel imports to protect the domestic steel industry from the indirect impact of US tariff hikes. He said many countries have initiated similar actions on steel imports, pointing out… Continue reading US tariffs: Tata Steel pitches for safeguard duties on imports
Mines ministry aims for 115 mineral block auctions by FY25, but slow approvals delay operationalisation
“We expect to conduct bids for 115 mineral blocks in total by the end of fiscal 2024-25” The mines ministry has successfully bid out 100 mineral blocks in the current financial year and hopes to auction 15 more before the fiscal ends, officials aware of the plans said. If achieved, this will surpass the previous… Continue reading Mines ministry aims for 115 mineral block auctions by FY25, but slow approvals delay operationalisation
Kremlin talks up mineral trade opportunities with US
US President Donald Trump is pushing for Ukraine to sign a deal giving it privileged access to its reserves of valuable minerals such as titanium and lithium. The Kremlin said Tuesday that it sees potential for cooperation with the United States on developing Russia’s large reserves of strategically important rare and rare earth minerals. President… Continue reading Kremlin talks up mineral trade opportunities with US