Liquefied Natural Gas

India’s LNG import dependency deepens to 51% in Apr-Nov amid higher consumption

The country imported 24,798 million metric standard cubic metre (MMSCM) of LNG from April to November 2024, 21 percent higher than the last year. The higher imports come on the back of increased gas consumption in the period, rising 10.41 percent from last year at 48,682 MMSCM.

Cap natural gas prices to control rising fertiliser subsidy

The government should continue with the extant formula for the pricing of natural gas as per November 2014 guidelines

LNG market supply-demand balance to remain tight in 2022, says Shell

Natural gas prices around the world soared late last year due to a combination of tightening supplies, weaker renewable power generation and a strong growth after COVID-19.

India presses Qatar for delayed LNG as power crisis mounts

Asia's third largest economy is suffering its worst power shortage since March 2016 due to a crippling coal shortage amid high global energy prices.

Asian LNG prices surge to record high this week as winter starts

Chinese buyers are seeking more cargoes despite record prices, bidding above market rates as the winter season starts with the country's gas inventory not full, trade sources said.

Suez ship congestion could delay 10 LNG deliveries to Europe, analysts say

Salvage officials said it could take weeks to resolve the congestion on the canal, the main route for European imports of LNG from the Middle East and for some cargoes heading to Asia from the Mediterranean.

Asian LNG prices edge higher on Indian, Chinese demand

The average LNG price for April delivery into Northeast Asia was estimated at about $5.70 per million British thermal units (mmBtu), up about 10 cents from the previous week, sources said.

ONGC sees peak gas output of 15 million cubic metres per day from east coast block in 2024

India, the world's fourth biggest importer of liquefied natural gas, wants to boost local gas output as Prime Minister Narendra has set a target to raise the share of the cleaner fuel in the country's energy mix to 15 percent by 2030 from the current 6 percent.

Interview | IEX may bring down equity in Indian Gas Exchange to 25% in five years: Rajesh Kumar Mediratta, Director of IGX

Indian Gas Exchange (IGX) Director Rajesh Kumar Mediratta said that the company is in talks with multiple players to be roped in as strategic partners.

China's top gas importer PetroChina declares force majeure on imports: Sources

The company issued the force majeure notice to suppliers of piped gas and also to at least one LNG supplier, though details of the force majeure notice could not immediately be confirmed.

Petronet Q4 profit nearly doubles to Rs 471 cr

Its net profit for the fourth quarter of 2016-17 fiscal at Rs 470.79 crore (Rs 6.28 per share) was 92 per cent higher than Rs 245.31 crore (Rs 3.27 a share) in the same period of the previous fiscal.

GAIL to hire ships on short term to ferry LNG from US

State gas utility GAIL India Ltd will hire ships on short term to ferry gas from the US after it was forced to scrap a USD 7 billion tender for making vessels in India, Oil Minister Dharmendra Pradhan said today.

India LNG demand to dip on phase out of subsidy for power sector

India's liquefied natural gas (LNG) demand could ease as the government has scrapped subsidies on gas sales to power companies, the chief executive of the country's biggest gas importer said on Wednesday at a gas conference in Japan.

Shell plans to double Hazira LNG plant capacity - India head

Royal Dutch Shell Plc plans to double the capacity of its liquefied natural gas import facility at Hazira on India's west coast to 10 million tonnes a year, a top company executive said on Friday.

India Railways to buy power from RGPPL for five year: Piyush Goyal

"Railways has agreed to continue to purchase 500 MW power from RGPPL power plant from April, 1, 2017 for a period of five years," Power Minister Piyush Goyal said in a written reply to Lok Sabha today.

India looks for right prices to boost LNG, crude imports from US

India's state-run company GAIL Ltd signed a swap deal with trader Gunvor to sell some of its US LNG as the firm tries to cut costs for price-sensitive customers after a sharp fall in Asian spot prices made its US gas unattractive, according to sources.

India's GAIL signs 1st time-swap deal for US LNG with Gunvor

It is the first time-swap agreement by GAIL, which is trying to juggle its LNG portfolio to cut costs for price-sensitive Indian customers after a sharp fall in Asian spot prices made its US gas unattractive.

Gail India seeks March delivery LNG cargo via tender: Source

The cargo is for delivery to Dahej in western India. The tender will close on February 20 and is valid on the same day, the source added.

Australia firm signs 20-year pact to supply US LNG to India

LNG Ltd signed a Heads of Agreement (HOA) with Vessel Gasification Solutions, Inc (VGS) for supply of 4 million tonnes a year of LNG from its Lake Charles, Louisiana, project for 20 years, the company said in a statement.

Govt officials seek zero import tax on LNG in Budget 2017

India is the world's third largest emitter of greenhouse gases and relies heavily on coal, gas and oil imports to meet its energy needs and fuel its economic expansion.

India expects to build three more LNG terminals on east coast

A.P. Sawhney said the three new terminals will be located at Ennore, Kakinada and Dhamra ports on the east coast. Sawhney was speaking at the Petrotech energy conference in New Delhi.

Global LNG prices hit 2016 high as OPEC agrees oil output cut

The main price driver was an agreement reached by the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil production giant Russia to cut crude output in order to rein in global oversupply that has dogged markets for more than two years.