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  • Natural gas prices in Europe, US edge up amid supply issues and rising demand June 07, 2023 05:32 PM IST

    Natural gas prices in Europe, US edge up amid supply issues and rising demand

    The uptick in prices has been fuelled by supply issues in Europe and steady demand growth in the US because of hotter temperatures.

  • Will natural gas give the phenomenal returns it did ahead of the 2022 winter? May 31, 2023 09:56 AM IST

    Will natural gas give the phenomenal returns it did ahead of the 2022 winter?

    Although the current environment for natural gas is bearish, all it would require is a light tailwind for the situation to change in the winter

  • GAIL pipeline monetisation plan dropped; hunt on for long-term gas supply pact: CMD May 22, 2023 11:49 AM IST

    GAIL pipeline monetisation plan dropped; hunt on for long-term gas supply pact: CMD

    GAIL has initiated arbitration against a former unit of Russia's Gazprom in London after the latter reneged on its contractual obligation to supply LNG, which forced it to buy expensive gas when prices were on a high.

  • GAIL (India) has initiated arbitration against former Gazprom unit for supply disruptions: CMD May 19, 2023 04:27 PM IST

    GAIL (India) has initiated arbitration against former Gazprom unit for supply disruptions: CMD

    The former German arm of Gazprom, now called SEFE, has resumed LNG supply to GAIL since March. GAIL is paying for it as per contract pricing which is higher than the current spot market price.

  • NSE launches WTI crude oil and natural gas futures contracts May 15, 2023 04:29 PM IST

    NSE launches WTI crude oil and natural gas futures contracts

    This came after the exchange, in March, received approval from markets regulator Securities and Exchange Board of India (Sebi) to launch these contracts.

  • LNG demand expected to increase if prices stabilise: Petronet LNG CEO May 03, 2023 08:26 PM IST

    LNG demand expected to increase if prices stabilise: Petronet LNG CEO

    Akshay Kumar Singh, MD and CEO, Petronet LNG said with the softening of LNG prices in the international market more cargoes on a spot basis are coming in the country.

  • India ups gas price under APM for May to $8.27 mmBtu; impact on PNG, CNG unlikely    May 01, 2023 09:28 PM IST

    India ups gas price under APM for May to $8.27 mmBtu; impact on PNG, CNG unlikely   

    The revision comes after the Cabinet Committee on Economic Affairs on April 6 approved the new pricing formula for domestic natural gas in India.

  • Easing LNG prices may pump up local demand of natural gas this year May 02, 2023 06:44 AM IST

    Easing LNG prices may pump up local demand of natural gas this year

    Natural gas prices have fallen to $2.50 per mmBtu in April 2023, compared to $4.40 MMBtu in January.

  • Piped natural gas growth remains slow in India despite government push April 25, 2023 03:01 PM IST

    Piped natural gas growth remains slow in India despite government push

    According to government data, over one crore PNG connections had been provided by city gas distribution companies as of January 31.

  • Now, central push for reducing VAT on natural gas for fertilisers April 25, 2023 04:48 PM IST

    Now, central push for reducing VAT on natural gas for fertilisers

    Centre likely to write a letter to states. At present, VAT on natural gas falls under the domain of states, and rates vary from state to state. According to an estimate, subsidy to the tune of about Rs 12,500 crore increases annually on account of VAT alone.

  • As Iran talks subsea pipeline again, analysts see major challenges April 18, 2023 04:28 PM IST

    As Iran talks subsea pipeline again, analysts see major challenges

    Analysts list past failed attempts, huge costs, security and geopolitical concerns as major challenges to the plan

  • Govt aims to increase gas share in energy mix to 15% by 2030: Hardeep Puri April 17, 2023 09:34 PM IST

    Govt aims to increase gas share in energy mix to 15% by 2030: Hardeep Puri

    Presently India imports around 50 percent of its requirement of natural gas. "Speedy expansion of compressed biogas will help in meeting our additional requirement from domestic resources," Puri said.

  • What is natural gas pipeline tariff? April 14, 2023 07:02 PM IST

    What is natural gas pipeline tariff?

    In India, Petroleum and Natural Gas Regulatory Board (PNGRB) regulates the pipeline tariff.

  • What is India’s new natural gas pricing? April 14, 2023 06:42 PM IST

    What is India’s new natural gas pricing?

    Crude linkage is more relevant to India’s consumption basket, and allows deeper liquidity in global trading markets, on a real-time basis

  • New gas price regime to improve near-term volume growth for city distributors: Kotak Equities April 10, 2023 06:08 PM IST

    New gas price regime to improve near-term volume growth for city distributors: Kotak Equities

    The brokerage maintained ‘Buy’ call on the stocks of Indraprastha Gas Ltd and Mahanagar Gas Ltd.

  • GAIL Gas reduces domestic PNG, CNG prices April 10, 2023 03:57 PM IST

    GAIL Gas reduces domestic PNG, CNG prices

    GAIL cut domestic PNG prices by Rs 7 per SCM (standard cubic meter) in Bengaluru and Dakshin Kannada and Rs 6 per SCM in all its other geographical areas.

  • Jim Rogers predicts sharp increase in crude and natural gas prices during next bull market April 03, 2023 10:15 AM IST

    Jim Rogers predicts sharp increase in crude and natural gas prices during next bull market

    According to Rogers, commodities such as crude oil and natural gas are essential and will always be in demand, thus contributing to the bullish market.

  • PNGRB approves unified tariff for natural gas pipeline March 29, 2023 08:51 PM IST

    PNGRB approves unified tariff for natural gas pipeline

    Petroleum and Natural Gas Regulatory Board approved levelised unified tariff for natural gas pipeline of Rs 73.93 per metric million British thermal unit (MMBtu).

  • Kirit Parikh panel recommendations: PNG, CNG customers can expect 10% cut in prices March 28, 2023 05:19 PM IST

    Kirit Parikh panel recommendations: PNG, CNG customers can expect 10% cut in prices

    Analysts said the panel’s recommendations, if implemented from April 1, are expected to bring immediate relief for consumers.

  • GAIL, PLNG to gain from higher domestic LNG demand March 27, 2023 07:41 PM IST

    GAIL, PLNG to gain from higher domestic LNG demand

    Higher demand should drive a volume recovery in the fourth quarter for gas players such as GSPL, PLNG and GAIL, said CLSA.

  • GAIL earnings estimates increased by analysts after pipeline tariff hike March 23, 2023 06:21 PM IST

    GAIL earnings estimates increased by analysts after pipeline tariff hike

    The company’s integrated natural gas pipeline tariff will increase 45 percent from April 1.

  • GAIL to implement integrated natural gas pipeline tariff of Rs 58.61/mmBtu March 22, 2023 04:27 PM IST

    GAIL to implement integrated natural gas pipeline tariff of Rs 58.61/mmBtu

    The new tariff, which is 45 percent higher than the current rate, to come into effect on April 1, 2023.

  • Reliance re-auctions gas from K6-D6 block in line with new govt rules to prioritise CNG-selling firms March 19, 2023 01:10 PM IST

    Reliance re-auctions gas from K6-D6 block in line with new govt rules to prioritise CNG-selling firms

    Reliance and its partner BP Exploration (Alpha) Ltd (BPEAL) will sell 6 million standard cubic meters per day of gas in an e-auction planned for April 3, a tender notice said. T

  • Levy 5% GST on natural gas to reduce fertiliser subsidy February 22, 2023 03:45 PM IST

    Levy 5% GST on natural gas to reduce fertiliser subsidy

    Bringing natural gas under GST can end the extant differential taxation regime/varying urea cost and subsidy payments across states. It will eliminate the cascading effect of tax on tax

  • High gas prices weigh on Q3 results of city gas distributors February 14, 2023 07:40 PM IST

    High gas prices weigh on Q3 results of city gas distributors

    While Indraprastha Gas Ltd (IGL) reported a decline in net profit in Q3, Mahanagar Gas Ltd (MGL) and Gujarat Gas Ltd (GGL) missed on volume expectations in the quarter.