Natural Gas

Nomura sees 30 percent upside for Gail India on one-time boost from tariff hike and petchem recovery

Nomura said a tariff hike could provide a one-time boost to Gail India, with an integrated tariff increase of over 20 percent could potentially surprise investors on the upside.

Maintenance by refineries and monsoon lowered India’s July oil purchase, reduced import bill

The lower crude oil import for July was primarily due to scheduled refinery maintenance shutdown and comparatively lower demand due to the monsoon season.

India's Natural Gas Challenge: Escaping the vicious price-demand loop

India’s natural gas push shows strong infrastructure growth, but demand lags due to pricing, limited uptake, and policy gaps. Success depends on aligning supply with affordability, accessibility, and demand-driven strategies to avoid underutilised assets

India’s crude oil production slumps 5.1% in Feb; import bill shoots up

India’s crude oil imports rose by 4.7 percent during February, increasing the reliance on imports to 89.4 percent in the month. The net oil and gas import bill in February rose to $9.7 billion, much higher than import bill of $9.4 billion last year.

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.

Budget 2025 | Roadmap for inclusion of natural gas under GST expected on Feb 1, says IGL head KK Chatiwal

Despite the long-standing demand of the oil and gas industry, petroleum products including petrol, diesel, natural gas and aviation turbine fuel (ATF) have not been included under GST, on account of opposition from the state governments.

India’s LNG import dependency deepens to 51% in Apr-Nov amid higher consumption

The country imported 24,798 million metric standard cubic metre (MMSCM) of LNG from April to November 2024, 21 percent higher than the last year. The higher imports come on the back of increased gas consumption in the period, rising 10.41 percent from last year at 48,682 MMSCM.

Markets pricing in GST rollout for IGL, MGL, Gujarat Gas, ignoring 'imminent profit plunge', says Nuvama

Following the ~45 percent fall in share prices of these players, IGL, MGL and Gujarat Gas have rebounded sharply from November lows.

Newbie natural gas traders, beware the widow maker months

Rising natural gas prices may seem like a seasonal trade to capitalise on during winter months when demand is up. But it’s a very risky one as many have found when it’s too late

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

ONGC steps on the gas, bets big on monetising gas discoveries to drive growth

ONGC's exploration director Sushma Rawat tells Moneycontrol that the oil giant is aided by improved technologies and competitive market prices. The company will also submit its field development plan for its Mahanadi block to the Directorate General of Hydrocarbons this fiscal.

Core sector growth rebounds to 2% in September

The performance of eight core industries was lower in the first half of the current fiscal year compared with the growth numbers witnessed in H1FY24.

Why stagnant domestic natural gas production could be a challenge for India?

The gap between the domestic production and consumption of the transition fuel has led the government to cut cheaper gas allocation to city gas distribution players in the country.

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.

Geopolitical rivalries are changing global natural gas industry dynamics

The oil and gas industry argues that LNG could replace much of the global coal consumption as a transition fuel while renewable and alternative like green hydrogen develop to capacity

India has ambitions to export Green Hydrogen, invest heavily in R&D, says Centre

India is poised to attract Rs 30 lakh crore worth of investment to meet the 2030 target of 500 GW in renewable power capacity.

Are rising natural gas prices a bullish signal?

A seasonal price trend may fool newbie retail traders into thinking it’s a bullish breakout in the making. Why the charts are misleading, on this occasion

Gujarat PSUs to unlock value through amalgamation

One of the biggest advantages of the amalgamation is that Gujarat Gas will be able to utilise the Rs 7,200 crore in carry-forward losses from GSPC. This tax benefit from absorbing the losses is expected to result in a significant profit boost for the merged entity.