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  • After Russian flows dry up, India pays up to double price for gas Sep 19, 2022 03:43 PM IST

    After Russian flows dry up, India pays up to double price for gas

    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.

  • Gazprom Singapore pays 'meagre' penalty for defaulted LNG deliveries to India Sep 12, 2022 01:29 PM IST

    Gazprom Singapore pays 'meagre' penalty for defaulted LNG deliveries to India

    Gazprom Marketing and Trading Singapore (GMTS), under a long-term 20-year contract, was to supply 2.5 million tonne of LNG to state-owned GAIL (India) Ltd this year. But it has not supplied any cargo or shipload of LNG since early June.

  • Petronet to invest Rs 40,000 crore in 5 years Sep 04, 2022 11:22 AM IST

    Petronet to invest Rs 40,000 crore in 5 years

    Petronet, which operates two liquefied natural gas (LNG) import facilities at Dahej in Gujarat and Kochi in Kerala, is looking to foray into the petrochemicals business, according to the firm's latest annual report.

  • IGL: Does this stock have some upside? Sep 02, 2022 10:20 AM IST

    IGL: Does this stock have some upside?

    The recent change in the government’s stance, under which domestic supply for the priority sector has been increasing, is beneficial for the priority sector volume-heavy players like IGL

  • India in talks with Russia over LNG supply resumption, GAIL says Aug 26, 2022 02:26 PM IST

    India in talks with Russia over LNG supply resumption, GAIL says

    GAIL, India's largest gas distributor and operator of pipelines, has not received the agreed imports since May and has had to cut supplies to clients as a result.

  • Russia defaults on LNG supplies to India Jul 19, 2022 01:24 PM IST

    Russia defaults on LNG supplies to India

    India’s largest gas firm GAIL has a long-term deal to import 2.85 million tonnes of liquefied natural gas (LNG) per annum from a Singapore-based unit of Russian gas producer Gazprom. The company has since June defaulted on the supply of 5 cargoes of LNG under that contract citing difficulty in sourcing gas due to sanctions, two sources briefed on the matter said.

  • A cold winter awaits Europe if Russia completely shuts down gas supply  Jun 24, 2022 09:28 AM IST

    A cold winter awaits Europe if Russia completely shuts down gas supply 

    Europe starts filling up its storage tanks with gas from the middle of the year to sustain itself in winter. Russia’s cut has impacted the incremental flow which was meant for storage. 

  • Gas: How CGD companies are navigating these challenging times Jun 14, 2022 10:12 AM IST

    Gas: How CGD companies are navigating these challenging times

    Fourth-quarter performance was better than September’s as international gas prices eased from $50/MMBtu to $20-25/MMBtu. However, the shortage of APM gas continued in the quarter

  • GAIL says no disruption in Russian LNG supplies due to sanctions May 27, 2022 09:07 PM IST

    GAIL says no disruption in Russian LNG supplies due to sanctions

    India's largest gas firm GAIL is getting regular supplies of LNG under a long-term deal with Russia's Gazprom despite the geopolitical crisis, the firm's chairman and managing director Manoj Jain said.

  • Shell in talks with Indian consortium to sell Russian LNG plant stake: Report May 26, 2022 03:50 PM IST

    Shell in talks with Indian consortium to sell Russian LNG plant stake: Report

    The consortium's potential interest in the Russian plant shows how India is willing to move in on energy assets and cheap oil supplies coming on the market as a result of Western companies pulling back from Russia.

  • Petronet LNG seeks lower price for renewing Qatar deal May 12, 2022 06:18 PM IST

    Petronet LNG seeks lower price for renewing Qatar deal

    The company in the immediate term is looking to tie up 0.75 to 1 million tonnes of LNG to meet the burgeoning energy demand in the country, particularly of the city gas sector.

  • India asks GAIL to import LNG to meet rising city gas demand May 11, 2022 06:49 AM IST

    India asks GAIL to import LNG to meet rising city gas demand

    City gas distributors (CGD) have set up sales network to supply gas to transport and households across the country, buoyed by Prime Minister Narendra Modi's aim to raise the share of gas in India's energy mix to 15% by 2030 from 6.7% now.

  • India asks GAIL to import LNG to meet rising city gas demand May 10, 2022 06:20 PM IST

    India asks GAIL to import LNG to meet rising city gas demand

    City gas distributors (CGD) have set up sales network to supply gas to transport and households across the country, buoyed by Prime Minister Narendra Modi's aim to raise the share of gas in India's energy mix to 15 percent by 2030 from 6.7 percent now.

  • Fitch Ratings trims India's gas consumption growth to 5% on high prices Apr 19, 2022 04:20 PM IST

    Fitch Ratings trims India's gas consumption growth to 5% on high prices

    The government more than doubled the price of gas from domestic fields to $6.1 per million British thermal unit for the six-month period beginning April 1.

  • LNG can play a big role in unleashing India’s full energy potential Apr 07, 2022 03:12 PM IST

    LNG can play a big role in unleashing India’s full energy potential

    One way to boost LNG use is to borrow a page from the EV playbook and incentivise a conducive environment for the increased use of cleaner equipment powered by LNG

  • Commodity bulls are charging. How Indian gas companies stack up Apr 06, 2022 09:44 AM IST

    Commodity bulls are charging. How Indian gas companies stack up

    Natural gas demand is expected to increase despite high prices

  • Why Biden's promise of gas to the EU makes no sense  Mar 30, 2022 10:11 AM IST

    Why Biden's promise of gas to the EU makes no sense 

    Even if the 2030 target is achieved, which is a tall order, the US will be able to replace only 30 percent of Russia’s supply. 

  • What LNG can and can’t do to replace Europe’s imports of Russian gas Mar 12, 2022 10:07 AM IST

    What LNG can and can’t do to replace Europe’s imports of Russian gas

    The extent to which global LNG supply can expand is constrained, however, setting Europe up for a battle for supply with Asian buyers.

  • What’s next in crude course as Ukraine conflict pushes oil price close to $100? Feb 23, 2022 10:43 AM IST

    What’s next in crude course as Ukraine conflict pushes oil price close to $100?

    India’s January crude oil import bill jumped 51 percent year on year to $11.6 billion at an average price of $81.9/barrel.

  • Indraprastha Gas: Pricing power, volume to help offset higher input cost Feb 22, 2022 10:48 AM IST

    Indraprastha Gas: Pricing power, volume to help offset higher input cost

    Indraprastha Gas was the least affected among peers due to a higher share of CNG in its volume sold

  • LNG market supply-demand balance to remain tight in 2022, says Shell Feb 21, 2022 06:33 PM IST

    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.

  • ONGC aims to arrest decline in production, scale up output to 63.11 MMTOE by FY25  Feb 14, 2022 03:12 PM IST

    ONGC aims to arrest decline in production, scale up output to 63.11 MMTOE by FY25 

    ONGC said that it will continue to invest around Rs 30,000 crore per year on capital expenditure aimed at arresting the decline in output and subsequently increasing it.

  • Ukraine-Russia crisis: Why should India care Jan 26, 2022 07:09 PM IST

    Ukraine-Russia crisis: Why should India care

    The standoff can affect India’s commodity markets and upset its energy plans.

  • The energy sector has a gas problem  Jan 07, 2022 09:44 AM IST

    The energy sector has a gas problem 

    Rising natural gas prices have disrupted economies in Europe and Asia and has brought Kazakhstan to the brink of revolution 

  • GAIL India: Well placed to benefit from multiple tailwinds Jan 05, 2022 10:15 AM IST

    GAIL India: Well placed to benefit from multiple tailwinds

    GAIL, by controlling India's largest gas transmission network, is present across the value chain and will play an even bigger role in coming years

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