Category Archives: OilGas
-
Gas retailing in Indian cities needs fewer but bigger players
Posted on March 29, 2023 by Diligentia News in OilGas.Natural gas retailers in India, the world’s fourth-biggest LNG buyer, need consolidation to bring economies of scale, according to a top official of a gas supplier. “There is a lot of global interest,” Hardip Singh Rai, chief executive officer of Think Gas, told Bloomberg Television in an interview. “When any upstream player looks at where […]
Continue Reading... No Comments. -
The centrality of CGD in India’s natural gas story: A perspective
Posted on March 29, 2023 by Diligentia News in OilGas.India is on track to become the world’s third-largest economy by 2030 with a projected annual average growth rate of 6-7 percent. Energy sector will be central to this trajectory. In this context, India’s gas story has been one of tremendous — and yet untapped — potential. On the heels of a rapid increase in […]
Continue Reading... No Comments. -
Sri Lanka in talks with India on oil pipeline to Trinco
Posted on March 29, 2023 by Diligentia News in OilGas.Sri Lanka is in talks with India to build an oil pipeline to transport fuel to the Eastern Port of Trincomalee, President Ranil Wickremesinghe had told energy investors, according to a statement from his media office. There were on-going discussions on “bringing an oil pipeline from India to Trincomalee,” the President had said.Trincomalee has a […]
Continue Reading... No Comments. -
Government extends deadline for eighth oil and gas exploration licensing round amidst investor demands
Posted on March 28, 2023 by Diligentia News in OilGas.The government has once again extended the deadline for accepting bids in the eighth oil and gas exploration licensing round, to May 16, the Directorate General of Hydrocarbons (DGH) said on its website. The eighth round under the open acreage licensing policy (OALP) was launched on July 7 last year, with a bid submission deadline […]
Continue Reading... No Comments. -
Indian demand for Urals crude keeps Russia’s exports up
Posted on March 28, 2023 by Diligentia News in OilGas.India was the biggest buyer of seaborne Urals oil in March and the country’s demand for the grade means Russia has to maintain high exports, two traders said and Refinitiv Eikon data showed on Monday. Refiners in India, which in the past rarely bought Russian oil, because of high transport costs, have emerged as key […]
Continue Reading... No Comments. -
Russia says oil sales to India up 22-fold last year
Posted on March 28, 2023 by Diligentia News in OilGas.Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia needed to focus on boosting energy exports to so-called “friendly” countries, as he said Russian oil supplies to India jumped 22-fold last year. Novak said energy revenues accounted for 42% of Russia’s federal budget in 2022 and said the country’s energy industry was sustainable, […]
Continue Reading... No Comments. -
EU Could Let Member States Block Russian LNG Imports
Posted on March 28, 2023 by Diligentia News in OilGas.The European Union is considering allowing individual member states to block LNG imports from Russia without slapping sanctions on Russian gas, a draft document seen by Bloomberg News showed on Tuesday ahead of a meeting of the EU energy ministers. The proposal would allow individual member states to prevent Russian LNG exporters from booking capacity […]
Continue Reading... No Comments. -
IndianOil Plans Paradip Petrochemical Project
Posted on March 28, 2023 by Diligentia News in OilGas.Indian Oil Corp has granted “stage-one” approval for establishing a petrochemical complex at Paradip, Odisha. The estimated cost for the project is $7.4 billion, making it the state-owned group’s largest-ever investment in a single location. The complex will include a world-scale cracker and downstream units for polymers such as PP, HDPE, LLDPE and PVC, as […]
Continue Reading... No Comments. -
Gas, makes for a solid climate future
Posted on March 28, 2023 by Diligentia News in OilGas.With a growing population of 1.3 billion and rapid urbanisation, India is the third-largest consumer of energy. Currently, 80% of the India’s energy needs are met by coal, oil and solid biomass. Coal largely dominates and accounts for 56% of the total energy mix, maintaining its strong position in power generation and being a fuel […]
Continue Reading... No Comments. -
India considers strategic LNG reserve to avoid future shortages
Posted on March 28, 2023 by Diligentia News in OilGas.India is considering building a strategic reserve of liquefied natural gas to guard against future price spikes or supply shortages after last year’s energy crisis, according to a senior executive at the nation’s top importer. The government has “proposed we should have more storage space for LNG so that when prices are lower we should […]
Continue Reading... No Comments.
