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June 07, 2023 05:32 PM IST The uptick in prices has been fuelled by supply issues in Europe and steady demand growth in the US because of hotter temperatures.
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May 31, 2023 09:56 AM IST 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
- May 22, 2023 11:49 AM IST
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.
- May 19, 2023 04:27 PM IST
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.
- May 15, 2023 04:29 PM IST
This came after the exchange, in March, received approval from markets regulator Securities and Exchange Board of India (Sebi) to launch these contracts.
- May 03, 2023 08:26 PM IST
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.
- May 01, 2023 09:28 PM IST
The revision comes after the Cabinet Committee on Economic Affairs on April 6 approved the new pricing formula for domestic natural gas in India.
- May 02, 2023 06:44 AM IST
Natural gas prices have fallen to $2.50 per mmBtu in April 2023, compared to $4.40 MMBtu in January.
- April 25, 2023 03:01 PM IST
According to government data, over one crore PNG connections had been provided by city gas distribution companies as of January 31.
- April 25, 2023 04:48 PM IST
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.
- April 18, 2023 04:28 PM IST
Analysts list past failed attempts, huge costs, security and geopolitical concerns as major challenges to the plan
- April 17, 2023 09:34 PM IST
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.
- April 14, 2023 07:02 PM IST
In India, Petroleum and Natural Gas Regulatory Board (PNGRB) regulates the pipeline tariff.
- April 14, 2023 06:42 PM IST
Crude linkage is more relevant to India’s consumption basket, and allows deeper liquidity in global trading markets, on a real-time basis
- April 10, 2023 06:08 PM IST
The brokerage maintained ‘Buy’ call on the stocks of Indraprastha Gas Ltd and Mahanagar Gas Ltd.
- April 10, 2023 03:57 PM IST
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.
- April 03, 2023 10:15 AM IST
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.
- March 29, 2023 08:51 PM IST
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).
- March 28, 2023 05:19 PM IST
Analysts said the panel’s recommendations, if implemented from April 1, are expected to bring immediate relief for consumers.
- March 27, 2023 07:41 PM IST
Higher demand should drive a volume recovery in the fourth quarter for gas players such as GSPL, PLNG and GAIL, said CLSA.
- March 23, 2023 06:21 PM IST
The company’s integrated natural gas pipeline tariff will increase 45 percent from April 1.
- March 22, 2023 04:27 PM IST
The new tariff, which is 45 percent higher than the current rate, to come into effect on April 1, 2023.
- March 19, 2023 01:10 PM IST
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
- February 22, 2023 03:45 PM IST
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
- February 14, 2023 07:40 PM IST
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.
