New Delhi, Jan. 14: India and Nigeria have expressed keen desire to take forward the existing cooperation between the two countries in the hydro-carbon sector.

At a bilateral meeting held in New Delhi on Tuesday with Dr. Emmanuel O. Egbogah, Adviser to the President on Petroleum matters, Additional Secretary in the Petroleum and Natural Gas Ministry S. Sundareshan informed that in the two blocks awarded to ONGC Mittal Energy Ltd. (OMEL), the company has strived to fulfill its obligations.

Brussels/Strasbourg, France  - The failure of Russia and Ukraine to deliver natural gas to the European Union despite repeated promises to do so is "unacceptable" and unjustified, the bloc's executive said Tuesday.

The European Commission believes that there is "no justification for these problems to continue" and Russia and Ukraine "have to realise that the situation is simply unacceptable," commission spokesman Johannes Laitenberger said.

The spokesman further warned that the credibility of both sides was now "on the line."

Tata Group Company Tata Power announced that it is planning set up of a geothermal power plant and a solar power plant of 5 MW each at a suitable location in Gujarat. If the plans are successful, then the renewable energy portfolio of the company would get stronger by this move.

In a filing to the Bombay Stock Exchange, the company said, “Tata Power has entered into an agreement in this regard with the Gujarat government to explore the possibility of setting up a 5 MW geothermal power plant in phase I.”

The petroleum ministry has signaled that besides freeing fuel pricing from administrative control, the government on Thursday may cut petrol, diesel and domestic LPG prices.

According to an official working in the petroleum ministry, the Cabinet, which is planed to meet on Thursday, may reduce petrol price by Rs 5 a litre, diesel by Rs 3 per litre and domestic LPG by Rs 25 per cylinder, thus, giving relief to the common man and further easing inflationary pressures.

At the Vibrant Global Investers Summit 2009, Ahmedabad, Gujarat NRE Coke Ltd, country’s largest independent coke producer, announced that it is all set to invest around Rs 300 crores in Gujarat over the next 4 to 5 years.

The metallurgical coke producer said that it will invest Rs 12 billion in a 200 megawatt (MW) wind power project and Rs 10 billion in a 200 MW thermal power plant.

Gujarat NRE would also invest Rs 5 billion on adding additional capacity at its coke and coal preparatory plants and Rs 3 billion on a 60 MW heat-based power plant.

Moscow - Russia resumed supplies of gas to Europe on Tuesday as observer teams began measuring gas flows through Ukraine in an effort to mediate the ongoing standoff between Moscow and Kiev.

Ukraine's Naftogaz said it had received a fax from Gazprom informing it 76 million cubic metres of gas had been sent through the pipelines "at 10 am Moscow time" (0700 GMT), news agency Itar-Tass reported.