Lng

The world’s fourth-biggest LNG importer bought about 16 million tons of the super-chilled gas in the eight months through August, down 10% from a year earlier

India’s top LNG importer Petronet seeks $1.4 billion local loan

Local lenders including Axis Bank, State Bank of India and Union Bank of India are considering to join the facility, which is among the company’s largest fundraising exercises

Lower GST, prices, & wider distribution essential for adoption of LNG as transport fuel: Industry

The industry has urged the Ministry of Petroleum and Natural Gas to slash the GST for LNG vehicles from 28 to 5 percent --- which is what EVs attract.

US LNG industry warns Trump’s new shipping rules could undermine energy dominance

The US LNG industry is warning that Trump’s new shipping tariffs aimed at China could cripple American energy exports by raising costs and disrupting supply chains.

Essar's GreenLine raises $275 million in equity fundraise, Zerodha's Nikhil Kamath invests $20 million

GreenLine added that the funding round will enable the company to expand its infrastructure for green logistics, including the deployment of 10,000 new LNG and electric vehicle (EV) trucks

ONGC to import ethane to make up for changed Qatar LNG composition

It sold the C2-C3 compounds extracted from the imported LNG from Qatar, to Reliance Industries owned IPCL till its plant to convert them into polymers came up.

BPCL expects to get gas from Mozambique LNG project by 2029, says CMD

BPCL, ONGC Videsh, and Oil India together hold a 30 percent stake in the Mozambique project. BPCL holds a 10 percent share in the project, which has been plagued by delays

IOC, BPCL to sign multibillion-dollar LNG purchase deals with Adnoc

The deals highlight India’s plan to more than double the share of gas in its energy mix by the end of this decade, even as infrastructure bottlenecks are constraining the expansion.

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.

India’s LNG imports surge 10.5% in October on power sector demand

India imported 2,932 MMSCM of LNG in October. In the recent months, the country's reliance imports has been growing amid higher demand and stagnant production at home

GAIL seeks 60 LNG cargoes over five-year period, say sources

The company is seeking one LNG cargo a month to be delivered from April 2025 to March 2030 at a price linked to US benchmark Henry Hub, the sources said

LNG's 20-year greenhouse gas footprint found to be 30% more than coal's: Study

Over a 100-year period, LNG's greenhouse gas footprint was found to be the same as or exceeding that of coal.

ArcelorMittal's India JV seeks duty-free LNG imports, letter shows

If the government concedes to AM/NS India's requests, other steelmakers such as JSW Steel and Tata Steel would also benefit.

India plans to push LNG for trucking in bid to curb emissions, reports Bloomberg

The Oil Ministry plans to encourage the conversion of a third of existing long-haul trucks to the super-chilled gas from diesel, according to a draft policy. It also plans to mandate that a third of new trucks run on LNG

Torrent Power seeks 10-year LNG supply from 2027

The utility is seeking delivery of six cargoes per year from 2027. The tender closes on August 16.

Why is natural gas consumption in India likely to decline in coming months?

India’s natural gas consumption climbed by seven percent year on year to 5,594 MMSCM (million metric standard cubic metre) in June amid higher demand for the cold fuel in summer months.

India’s natural gas consumption rises 7% YoY in June amid higher demand

In June, India consumed 5,594 MMSCM (million metric standard cubic metre) of natural gas, which was 7.1 percent higher than the previous year. Meanwhile, India’s gas consumption rose 3.8 percent in the current financial year till June 2024.

Exclusive| PNGRB seeks plan from IGX to deal with possible default by parties in its long-term contracts

The regulator has flagged concerns over how the gas exchange plans to mitigate the risk relating to defaults either by the seller or the buyer. IGX told Moneycontrol it is working towards improving its proposal for the markets.

Indian Oil to boost LNG portfolio to 20 million tonnes by 2030, executive says

The power sector is expected to be one of the key drivers for Indian LNG demand, Choudhury added.

India's LNG surge supports Asia's imports in June

Asia is on track to import 23.18 million metric tons of LNG in June, down a touch from May's 23.55 million, but up 8.9% from the 21.28 million from June last year, according to data compiled by commodity analysts Kpler.

LNG: Europe’s energy savior is a vulnerability

The continent hasn’t emerged from its energy crisis yet

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.

India’s net oil and gas import bill balloons to $12 billion in Apr as imports soar

India’s oil imports jumped by seven percent in the month from last year while the average Indian basket crude price also rose in April, according to the monthly report by Petroleum Planning & Analysis Cell (PPAC).

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