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Record LNG capacity to get green light in 2019 amid strong demand

SINGAPORE, Jan 06 (Reuters): A record amount of liquefied natural gas (LNG) production is expected to get the green light in 2019 amid strong global demand, especially from China, analysts said.A final investment decision (FID) could be taken on more than 60 million tonnes per annum of LNG capacity this...

Jet Airways fails to pay Dec salary to some more employees

MUMBAI, Jan 06 (PTI): After defaulting on payment of salary to its senior management along with pilots and engineers, loss-making carrier Jet Airways has now failed to disburse the December salary to some other categories of employees as well, a source said.The airline has not paid salaries of managerial employees...

Nestle launches ad stressing ‘trustworthy facts’

NEW DELHI, Jan 06 (Reuters/ANI): Nestle has launched a full-page print advertisement campaign highlighting the 'trustworthy facts' about its instant noodles brand Maggi. The move comes a day after the Supreme Court revived the class-action suit in National Consumer Disputes Redressal Commission (NCDRC).The full-page ad sees Nestle boldly reassuring consumers...

Iran finds new oil buyers despite US sanctions

LONDON, Jan 06 (Reuters): All countries that were granted waivers from the United States (US) to continue buying a certain amount of Iranian oil imports are complying with US sanctions, a senior Iranian energy official said, noting that Tehran was hopeful to find new buyers.The United States withdrew from a...

Global coal tar mkt may post a CAGR of 2.0pc

LONDON, Jan 06 (BUSINESS WIRE): The global coal tar market is expected to post a CAGR of nearly 2.0 per cent during the period 2019-2023, according to the latest market research report by Technavio. However, the growth momentum of the market is expected to decelerate due to a decline in...

Algeria rejects Argentine wheat shipment

BUENOS AIRES, Jan 06 (Reuters): Algeria rejected a wheat shipment from Argentina that was below contractual quality standards, Argentina's ArgenTrigo wheat industry chamber said on Friday.The chamber referred to the rejected shipment as an isolated case, and said Argentina's wheat crop is generally in good condition.The African country is the...

US gasoline price rises

WASHINGTON, Jan 06 (Xinhua): Regular retail gasoline prices in the United States ended the year with a 13-per cent increase from the previous year after a quick drop since October, US Energy Information Administration (EIA) said on Friday.US regular retail gasoline prices averaged 2.72 US dollars per gallon in 2018,...