Qatargas said Feb. 28 it delivered its first LNG cargo to India’s Ennore LNG receiving terminal as the Asian country seeks to increase its use of natural gas. The cargo was delivered via a Q-Flex vessel, named Al Nuaman, which was loaded with 147,000 cm of LNG on Feb. 11 at Ras Laffan port, and […]Continue Reading... No Comments.
Gujarat-based city gas distribution (CGD) companies are planning to aggressively add new compressed natural gas (CNG) stations. The expansion is driven by the government’s greater push for the usage of cleaner fuels, growing adoption of CNG amid surging petrol and diesel prices, as well as the allotment of new geographical areas for creating CGD networks. […]Continue Reading... No Comments.
Union minister for petroleum, natural gas and steel Dharmendra Pradhan said that he has asked his counterparts in petroleum producing countries to increase their oil production so that Indian consumers get relief from soaring fuel prices. “In April last year, major oil-producing countries decided to cut production as there was a sharp fall in demand […]Continue Reading... No Comments.
Chief Economic Advisor K V Subramanian has backed a proposal to bring petroleum products under the ambit of the Goods and Services Tax (GST). He, however, said the decision will have to be taken by the GST council. “It will be a good move, but the decision rests with the GST Council,” Subramanian said during […]Continue Reading... No Comments.
Oil prices dropped on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market. U.S. West Texas Intermediate (WTI) crude futures dropped 72 cents, or 1.1%, to $62.81 a barrel at […]Continue Reading... No Comments.
Government is all set to walk away with the highest level of excise duty collection from the petroleum sector this year, even as fuel consumers continue to face persistent increase in petrol and diesel prices that has taken the retail prices to historic high levels across the country. In the nine month period of current […]Continue Reading... No Comments.
Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook. Demand was 360 million tonnes last year, up slightly from 2019’s 358 million tonnes, despite volatility caused by lockdowns during the coronavirus pandemic. Global LNG prices hit a […]Continue Reading... No Comments.
India and China led the recovery in Liquified Natural Gas (LNG) demand following the outbreak of the Covid-19 pandemic, according to Royal Dutch Shell’s annual LNG Outlook published today. The company said in a statement that India increased imports by 11 per cent in 2020 as it took advantage of lower-priced LNG to supplement its […]Continue Reading... No Comments.
Global Liquified Natural Gas (LNG) trade increased to 360 million tonne in 2020 despite the unprecedented volatility caused by the Covid-19 pandemic which resulted in lockdowns all over the world, according to Royal Dutch Shell’s annual LNG Outlook published today. The company said the increase in volume reflects the resilience and flexibility of the global […]Continue Reading... No Comments.
Macquarie Capital, the corporate advisory and principal investing arm of Macquarie Group , said on Tuesday it had launched a platform to develop and operate liquefied natural gas (LNG) infrastructure projects. The platform, called WaveCrest Energy, will deliver project financing, construction and operation solutions for regasification, power and downstream LNG infrastructure assets. WaveCrest Energy will […]Continue Reading... No Comments.