Gas

State-owned Solar Energy Corporation of India has given a record 11th extension to its 724,000-tonne green ammonia tender, with the last date for submission of bids now set as July 10 (online) and July 14 (offline).

India to tap abandoned oil wells for geothermal energy

India has at least 13,348 abandoned oil wells with a potential of about 10,600 MW of geothermal power. But it has not exploited even 1 MW so far.

Iran-Israel Conflict: Centre to meet shipping stakeholders to assess impact on trade

Nearly two-thirds of India's crude oil and half of the LNG imports pass through the Strait of Hormuz, a narrow waterway which could be at risk in the ongoing Israel-Iran war.

India eyes ending import tax on US ethane and LPG in trade talks: Report

India levies import taxes of 2.5% on ethane, mainly used as a feedstock for producing petrochemicals, and propane and butane

Centre takes foot off the pedal to cap gas-based power in future electricity mix

Power generated through gas-based stations is priced around Rs 13-14 per unit, much higher than what renewable or coal-fired power costs. Aside of that, the difficulty in procuring gas is another reason for Centre to throttle down gas-based power.

India's natural gas demand to surge by 2030, doubling LNG imports, says IEA

Rapid urbanisation and industrialisation is set to transform the energy market in the world's fifth-largest economy and drive gas demand growth through the end of the decade and possibly beyond that, the IEA said in a report.

Donald Trump’s oil and gas math fails to add up

The incoming administration’s "drill, baby, drill" demand will fall on deaf ears unless rising prices encourage more production

OPEC+ Faces a New Problem: A Texas gas pipeline

The new path to market for Permian Basin shale gas could could foil oil producers’ plan to curb output

Petronet LNG: Why investors should book profit

The upcoming capex spending in the petrochemical business is likely to put pressure on margins, given the debt-funding cost and weak margin environment

GAIL: Why we do not see an upside in the stock after a good Q1 performance

On an absolute basis, transmission volume grew by 8.1 mmscmd QoQ, of which demand for 4-5 mmscmd came from the power sector.

India's oil, gas exploration offers $100 billion opportunity: Hardeep Singh Puri

Speaking at the Urja Varta conference, he said the exploration and production (E&P) sector is integral in the journey towards energy self-sufficiency, which is critical for sustained economic growth.

Petronet LNG: No valuation comfort in this gas stock

A significant capex, entry into the cyclical petrochem business, and use-or-pay provisioning limit earnings growth potential

Diamond in the Dust: Why we see correction in GAIL as a buying window

Soft gas prices and rising domestic consumption will easily drive double-digit earnings growth over the next 2-3 years.

GAIL: Is there more upside to the stock?

The management guidance includes an FY25 gas marketing EBITDA of at least Rs 4,000-4,500 crore and volume of 105 mmscmd, and gas transmission volume of 130-132 mmscmd in FY25 and 140-142 mmscmd in FY26

Mahanagar Gas: Why recent correction is not a buying opportunity

Higher input gas costs and a one-time marketing expense led to a sharp fall in the unit EBITDA

Adani in talks with banks to borrow $600 million for gas unit

The loan will be raised by Dhamra LNG Terminal Pvt., a unit of Adani Total Pvt., the people said, asking not be named because the details are private. The debt’s tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate, they said.

Oil on boil: What should investors do?

Softness in LNG prices has led to domestic demand picking up, which should result in strong performances by GAIL's gas marketing & transmission businesses

MC Newsbreak Confirmed: Govt asks gas-based power gencos to step up for summer demand; mulls mandate under Section 11

Moneycontrol on March 22 was the first to report that the Union government is pushing power generation companies (gencos) to buy gas and scale up electricity generation from stranded or underutilised gas-based power units.

Exclusive: Govt plans to increase uptake of gas-based power to meet peak summer demand

Overall, the government is looking to tap capacity of 16,200 MW, of which 10,000 MW is the biggest challenge as they are owned by private entities and state governments. The remaining 6,200 MW are Central government-run plants, which are already operating up to 3,200 MW currently.

Is India ready to meet this year’s summer power demand?

Railways is also likely to increase its rakes to the power sector by about seven percent, but if the power demand continues to surge at a CAGR of 8-10 percent or more, then even an increase in coal production will not help due to logistical constraints. Besides, rising night-time peak demand remains a major concern in the absence of renewable energy with storage.

The AI revolution needs chips, software — and gas pipelines

Despite continued expansion of renewable and battery capacity, Texas recorded surprisingly strong electricity prices last summer and futures have also soared over the past six months. The reason? A massive expansion in power consumption offsetting the new generating capacity. Assuming the AI revolution is in its infancy, we are about to witness a marked increase in demand for electricity, and gas will play a part in meeting that

Expect nickel and gas prices to be lower for longer

Irreversible reduction in production costs of nickel and gas mean that conventional wisdom of commodities markets – low prices cure low prices, and high prices cure high prices – has been turned on its head. It may be bad news for producers – and their shareholders — but cheap nickel and US gas are good news for the planet

Qatar’s gas push has a hidden motive — Murdering coal

By flooding the market, the Middle Eastern country is hoping to make LNG plentiful and cheap enough to stimulate demand. Put simply: Qatar is trying to reassure Asian nations they can count on gas providing the necessary bridge to kill coal without risking either their finances or their energy security

Torrent Power wins bid to supply gas-based power during crunch period in summers this year

The Government of India, through NVVN, has come up with the crunch or high-demand period scheme since last year to harness gas-based power generation (GBPG) so as to overcome the country’s rising power demand.

IEW 2024 Highlights: Saudi producing less than capacity, but market has enough oil, says Hardeep Puri

India Energy Week 2024 Highlights: The appetite shown by India amid the global headwinds has helped in stabilising the global energy market, Petroleum Minister Hardeep Singh Puri said. He also added that "you cannot go for renewable energy if the market is not ready for it". The transition is required to be stable, he said.