The Ministry of Petroleum and Natural Gas has formed a panel to study the plan and explore other options to make gas production remunerative
The glut in the LNG market is hurting both buyers and sellers and as in the case of crude oil, gas is finding its way into storage tanks
To boost gas usage, India is expanding infrastructure including building new liquefied natural gas (LNG) import plants and connecting households with an expanding gas pipe network.
IGX would help establish a market-driven pricing mechanism for gas in the country
The firm issued an expression of interest (EOI) last year to charter up to 12 vessels from 2025 in its first foray into LNG.
Economies worldwide have ground to a halt as virus containment measures have taken their toll, slashing gas demand for power generation, heating, cooking, vehicles and chemical manufacture. The world's biggest LNG markets - Japan, China, South Korea and India - are all seeing a drop in demand.
The average LNG price for April delivery into northeast Asia is estimated at about $3.20 per million British thermal units (MMBtu), 20 cents higher from the previous week, but still, near-record low prices, several traders said.
The South Asian nation is estimated to import about 2.36 million tonnes in February, shiptracking data from Refinitiv Eikon showed. That would exceed India's LNG imports in October of about 2.3 million tonnes, the previous highest monthly total.
Moneycontrol's Shraddha Sharma gets in conversation with Swaraj Baggonkar to talk about the government's push towards LNG.
State-run Qatar Petroleum (QP) declined to comment on the reported delay, which comes as the global gas industry faces the major challenge of a supply glut due to booming U.S. production and a drop in Chinese demand.
A sharp drop in natural gas prices offers government the opportunity to reignite gas-based power units
The impact of China's coronavirus outbreak on LNG market could worsen in the coming weeks as economic activity in manufacturing hubs struggles to rebound, keeping a lid on natural gas demand and triggering more LNG trade flow disruptions.
While coronavirus has accelerated the fall in the last few months, there is also a structural weakness in LNG prices, which the current crisis has exposed
With gas pipelines yet to reach most parts of eastern India, GAIL has hired specialised cryogenic bullet trucks to transport imported liquefied natural gas from Dahej in Gujarat to Bhubaneshwar, where it is used as CNG to fuel automobiles and piped gas as cooking fuel in kitchens, company Chairman and Managing Director Ashutosh Karnatak said.
The refiner was seeking the cargoes on a delivered ex-ship (DES) basis, one of the sources said.
The tender closes on December 10 and is valid until December 12, one of them said.
No further details were immediately available and Saudi Aramco declined to comment. EOIs are preliminary enquiries that may or may not turn into full-fledged orders.
The expansion of Qatar's LNG facilities is the world's largest and one of the energy sector's most lucrative projects.
The government needs to capitalise on LNG prices and reintroduce the scheme for supplying imported gas.
In March 2015, Prime Minister Narendra Modi had pledged to provide piped natural gas connections to one crore households "in the next four years".
Petronet’s board had rejected the same deal six months ago because of the changing global gas market dynamics, where the fuel is available in abundance at rock bottom prices.
Prime Minister Narendra Modi met Trump on the sidelines of the UN General Assembly session and discussed with him bilateral ties
The cargo on board of the Meridian Spirit that loaded at the US Cove Point plant on March 20 was offered in a tender on March 25 when it was crossing the Atlantic Ocean.
New Delhi made a commitment in the Paris Agreement of 2015 to reduce the carbon emissions intensity of India's economy by one-third, and aims to more than double the share gas has in its energy mix to 15 percent by 2030, from 6.2 percent now.