Middle East Unrest Clouds Future of $35B Israel-Egypt Gas Deal
Over the past couple of years, Egypt has seen its ambitions to become a regional natural gas supply and LNG export hub go up in flames, with a series of setbacks turning the country from a net exporter of the vital commodity to an importer. Egypt’s natural gas production has declined rapidly over the years […]
Can there be more pain for India if the US, EU join hands?
As the Russia-Ukraine war continues into its fourth year, the United States and the European Union are preparing a new wave of economic measures aimed at tightening the financial noose around Russia. Central to this strategy is the deployment of secondary sanctions, targeting not just Russia directly, but also countries and entities that continue to […]
ONGC plant fire: CNG availability may be impacted in Mumbai, says MGL
Over 40 per cent of sedans sold in India now run on CNG as consumers increasingly prefer cleaner fuels, and also use their cars for business purposes, according to data collated by global data and analytics firm Jato Dynamics.The fire at ONGC’s Uran gas processing plant has impacted MGL’s gas supply to its city gate […]
India’s natural gas production falls 3.7% in July; LNG imports down 20%
India’s natural gas production declined 3.7 per cent to 2,967 million standard cubic metres (MMSCM) in July 2025, while liquefied natural gas (LNG) imports contracted by 20.15 per cent year-on-year to 2,946 MMSCM, according to the Petroleum Planning and Analysis Cell (PPAC). Natural gas availability for sale during the month dropped 13.12 per cent to […]
Russia-China Gas Deal May Seal New Gas World Order
The signing of the Power of Siberia 2 pipeline deal by the presidents of Russia and China was perhaps the biggest news to come out of the two leaders’ meeting earlier this month. It was also the deal that may very well make the new global natural gas flow order permanent, potentially interfering with President […]
India Expands Crude Purchase From Nigeria
India Oil Corp has significantly sustained oil imports from Nigeria after skipping the purchase of U.S. oil in its latest tender. According to Reuters, which quoted trade sources on Friday, the company purchased 2 million barrels of Nigeria’s crude oil and a million barrels of Middle Eastern grade. The state refiner also bought one million […]
GST Cut On Biogas Plants To Spur Investment, Says Industry Body
Effective from 22 September, the GST on biogas plants and devices has been cut from 12 per cent to 5 per cent following a major restructuring of the tax regime. The GST Council, comprising the Centre and states, last week agreed to reduce tax rates on 375 items and simplify slabs from four to just […]
India will continue to buy Russian oil despite US tariffs, finance minister says
India will continue to buy Russian oil as it proves economical, its finance minister said on Friday, despite the Trump administration’s decision to impose heavy import tariffs on Indian goods due, in part, to its energy purchases from Moscow. As Europe and the US have shunned Russian oil over Moscow’s 2022 invasion of Ukraine, India […]
ADNOC signs LNG supply agreement with IndianOil
Dhabi National Oil Company (ADNOC) has entered into a 15-year agreement with Indian Oil Corporation (IOC) to supply one million tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Ruwais project. The deal strengthens India’s energy security while supporting its rising energy demand. With this agreement, IOC will become ADNOC’s largest LNG customer […]
India’s oil imports from US drop as Russian crude dominates despite tariff pressures
India’s crude oil imports from the US fell sharply in August even as Russian barrels continued to dominate the country’s energy basket, according to shipping analytics firm Kpler. US crude shipments to India dropped 37% month-on-month and 38% year-on-year to just 230,000 barrels per day (bpd). At the same time, India imported 1.7 million bpd […]