Asian spot prices for liquefied natural gas (LNG) dropped for a second consecutive week as supply flooded the market, overshadowing demand subdued by a winter that has been milder than average. The average LNG price for January delivery into northeast Asia is estimated to be about $5.50 per million British thermal units (mmBtu), down 10 […]Continue Reading... No Comments.
India’s growing urgency to embrace cleaner fuels has prompted Petronas to chalk out a growth strategy that leans towards environment-friendly energy such as LNG and renewables, as New Delhi aims to encourage companies that can help speed up the country’s energy transition plans. While the Malaysian oil and gas firm is actively looking at partnership […]Continue Reading... No Comments.
Former Finance Minister P Chidambaram on Thursday trained his guns at Prime Minister Narendra Modi over his silence on economic slowdown and termed the government an “incompetent manager of the economy”. He also described the disinvestment of Bharat Petroleum Corporation Ltd (BPCL) as a “scandal”. Chidambaram also said that the Congress will oppose the Citizenship […]Continue Reading... No Comments.
Gail (India) has offered up to 10 liquefied natural gas (LNG) cargoes for loading in the United States over early 2020 to early 2021, two industry sources said on Thursday. The cargoes are being offered on a free-on-board basis from the Sabine Pass and Cove Point LNG plants, one of the sources said. Share ThisContinue Reading... No Comments.
Indian natural gas company H-Energy Pvt Ltd expects its liquefied natural gas (LNG) import terminal at Jaigarh to start operations in the first quarter of 2020, Rahul Tiwari, H-Energy’s senior LNG trader,told a conference on Thursday. The terminal, which is a floating storage and regasification unit (FSRU), and will be India’s first, has been delayed […]Continue Reading... No Comments.
Oil minister Dharmendra Pradhan on Thursday hoped that finance minister Nirmala Sitharaman will in her Budget set the tone for bringng jet fuel and natural gas under the GST regime to reduce multiplicity of taxes and improve the business climate. “Our expectation is that in the coming Budget, ATF and natural gas is included in […]Continue Reading... No Comments.
Oil minister Dharmendra Pradhan on Thursday instructed the ministry officials and heads of the three oil and gas public sector undertakings (PSUs) to explore the feasibility of using hydrogen as a fuel in the Indian ecosystem by collaborating with experts and holding workshops as a starting point. The minister was inspecting an electric vehicle (EV) […]Continue Reading... No Comments.
Oil Minister Dharmendra Pradhan today said that India’s natural gas sector will witness $60-billion investment in the coming days and added that the country will require 600 million standard cubic meter per day (mmscmd) of gas in order to push its share to 15 per cent in the energy basket. “If in the coming years […]Continue Reading... No Comments.
India’s top gas importer Petronet LNG has been in talks with several companies including U.S.-based NextDecade LNG on deals for liquefied natural gas (LNG), said Vinod Kumar Mishra, Petronet’s head of finance, on Thursday. Mishra said Petronet is in the process of appointing a consultant to help guide the company to sign deals to buy […]Continue Reading... No Comments.
Total and Adani have signed definitive agreements to deepen their partnership to supply and market natural gas in India. Total will acquire a 37.4% stake in Adani Gas for ₹61 billion (US$864 million). The acquisition forms the largest foreign direct investment in India’s city gas distribution sector. On the significant aspects of the deal, Cyril […]Continue Reading... No Comments.