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Iran To Join LNG Race In Asia With Huge North Pars Development By Simon Watkins - Mar 02, 2021, 6:00 PM CST
With Asian spot liquefied natural gas (LNG) prices having risen to unprecedented levels in January and the outlook remaining extremely robust Iran believes now is the time to move full ahead with its long-term strategy to become a leading global LNG supplier. A key focus for this will be the North Pars non-associated natural gas field that was the largest gas reservoir in Iran before the discovery of supergiant South Pars field in 1990. Propitiously for the speed of development of North Pars, not only are the spot prices of LNG set to remain at the historical high-end but also Iran has virtually completed all phases of its South Pars development.
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Highlights
NSE Nifty finished at 14,484.75.
It hit a fresh intra-day high of 14,498.20.
New Delhi: Markets closed at fresh record highs on Monday amid massive foreign fund inflows.
The BSE Sensex ended 486.81 points or 1 percent higher at 49,269.32. It had touched a record intra-day high of 49,303.79. Similarly, the broader NSE Nifty surged 137.50 points or 0.96 percent to finish at 14,484.75. It hit a fresh intra-day high of 14,498.20.
Top gainers in the Sensex pack were HCL Tech, Infosys, HDFC, Maruti, Tech Mahindra, Bajaj Auto, M&M, ONGC, TCS, HUL, HDFC Bank, and Bharti Airtel, rising upto 6.09 percent. On the other hand, major losers were Bajaj Finserve, Bajaj Finance, RIL, LT, Kotak Bank, SBI, NTPC, IndusInd Bank, Axis Bank and Powergrid, losing upto 1.92 percent.
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