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Energy News MonitorVol.-XI, Issue-31, 13 January 2015
Referring to recent publications on gas prices in this news letter, this article presents an update by acknowledging the ongoing slump of global oil and gas prices and what might be the consequences for formula based gas pricing.
China's crude imports surged to a record in December after a buying spree in Singapore by a state-owned trader and as the government in Beijing accelerated stockpiling amid the collapse in global oil prices.
Government said the much-awaited auction of coal blocks to private companies will begin soon. Finance Minister Arun Jaitley said that clearing up the entire mess in coal and power sectors is one important step the government was taking.
Concerned over green issues "hijacking" potential growth in hydropower sector, Arunachal Pradesh Chief Minister (CM) Nabam Tuki has asked the Centre to take proactive steps for expediting early environmental clearance to power projects.