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European countries' bill to shield households and companies from soaring energy costs has climbed to nearly $850 billion, according to a report by Brussels-based think tank Bruegel. The cut-off in gas supply from Russia is hurting the European nations. Watch the video to find which European country is hit by the supply shortage the most
GAIL India Ltd. bought several LNG cargoes for delivery between October and November at more than double the price it paid around this time last year.
European governments have responded with measures ranging from capping prices on consumer electricity and gas bills to offering credit and guarantees to prevent power providers from collapsing under the weight of collateral demands.
President Emmanuel Macron’s government is calling on the French to prepare for a new era of energy “sobriety” to face down the threat of a hard winter, while reassuring households and businesses about the government’s ability to protect them.
CR Prasad, Former CMD of GAIL points out that three new LNG plants are under construction on the eastern coast.
"Although actual rainfall and monsoon precipitation so far has been significantly better than earlier estimates of Indian Meteorological Department growth outlook for the industry appears more cautious for FY16," ICRA said in a report.
Speaking to CNBC-TV18 on the fertilizer company‘s Q2 results, Atanu Chakraborty, managing director, Gujarat State Fertilizers & Chemicals says while the company had hedged against the fall, it did come at a heavy price.
SP Tulsian of sptulsian.com spoke to CNBC-TV18 about market trades in the power sector and oil and gas space. Watch out for his picks!
Speaking to CNBC-TV18 from the boardroom, Sushil Maroo, director -- finance of JSPL says that he expects merchant power rate to stabilise at Rs 4-4.25 per unit going ahead. "But it won't benefit us much and is a temporary phenomenon," he says.
Diminishing supply of gas and coal are putting pressure on power companies to cut back production. CNBC-TV18 catches up with the chief financial officer of GVK Power & Infrastructure, Isaac George, to get an insight to the situation and the way forward for his company.
Speaking to CNBC-TV18, A Balyan, CEO and managing director of Petronet LNG, said that the company has to do further more detailing on the finer parts of the agreement but both companies have agreed to sit together and examine to work on long-term supply to India.
Isaac George, CFO of GVK Power & Infrastructure says the quarterly earnings from the power sector slipped because Reliance has reduced gas supply. The company is operating at 75% of plant load factors (PLFs) as against 90% for the same period last year.
Isaac George, CFO of the Hyderabad based infrastructure firm, in an interview on CNBC-TV18 said the power segment was a disappointment which impacted their profits.
