OCTOBER 20248TOP STORIESONGC TO HARVEST NON-PIPELINE CONNECTED GASES VIA MINIATURE LNG PLANTSSRI LANKAN GOVT TO RECONSIDER ADANI'S $440M WIND POWER PROJECTState-owned Oil and Natural Gas Corporation (ONGC) is looking to set up mini-LNG plants to evacuate natural gas from wells in areas not connected to pipelines.The firm has identified five sites in Andhra Pradesh, Jharkhand and Gujarat for setting up mini plants at wellhead that will convert the gas pumped out from under the ground into liquefied natural gas (LNG) by supercooling it to minus 160 degrees Celsius.This LNG will be loaded on cryogenic trucks and transported to the nearest pipeline, where it will be reconverted into its gaseous state and pumped into the network for supply to users like power plants, fertilizer units or city gas retailers.The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas. Headquartered in Delhi, ONGC is under the ownership of the Government of India and administration of Ministry of Petroleum and Natural Gas.The new administration in Sri Lanka, under the leadership of Anura Kumara Dissanayake, has indicated a possible change in its position on a significant wind energy initiative that was previously sanctioned for the Adani Group in India. The Attorney General's office notified the Supreme Court that the approval given by the previous government would be reconsidered by the new administration, according to reports.Adani Green Energy., overseen a project that faced challenges with its pricing structure, as stated by Foreign Minister Vijitha Herath. Addressing journalists after the Cabinet meeting, Herath emphasized worries about the approved electricity tariff for the project, indicating that the government would reconsider after the parliamentary elections.The Supreme Court was informed that a definitive ruling would be issued once the new Cabinet was in place after the elections. The NPP alliance, under Dissanayake's leadership, strongly opposed the project, presenting it as a threat to Sri Lanka's energy sector sovereignty and calling for a renegotiation of the deal's terms.The Adani Group pledged to invest more than $440 million in the construction of 484 megawatts of wind energy in Mannar and Pooneryn in the northeastern areas, as part of a 20-year contract. Nevertheless, the project has faced legal disputes, as petitioners have expressed worries over environmental concerns and transparency during the bidding process.Any possible cancellation or modification of the agreement would negatively impact Gautam Adani's larger goals in Sri Lanka. TOP STORIESTOP STORIESTOP STORIES
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