India’s July 2019 petrol imports surges highest in 8 years

India’s petrol imports rose to 230,000 tonnes in July 2019, the highest in last eight years according to data from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC). However, July 2019 crude oil imports declined from a year earlier, while petrol imports climbed to their highest since at least April 2011. Crude oil imports into the world’s third-largest […]

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India’s LNG imports rise 4.6% in June 2019

India’s liquefied natural gas (LNG) imports rose 4.6 per cent year-on-year and 15.6 per cent month-on-month to 91 million metric standard cubic meter per day (mmscmd) in June, according to data from the Petroleum Planning & Analysis Cell and Ministry of Petroleum and Natural Gas. Lower domestic natural gas production in June coupled with higher […]

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Demand from Asia set to power global gas industry growth over the next five years – IEA

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Global demand for natural gas is set to keep growing over the next five years, driven by strong consumption in fast-growing Asian economies and supported by the continued development of the international gas trade, the International Energy Agency (IEA) said. Demand for natural gas grew 4.6% in 2018, its fastest annual pace since 2010, according […]

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Europe is entering its golden age of gas

In a 2011 report, the International Energy Agency (IEA) asked a provocative question: are we entering a golden age of gas? At the time, U.S. shale gas production was surging and new fields were coming online around the globe, encouraged by high oil prices. Gas, it seemed, was poised to “play a far more prominent role […]

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Falling LNG prices may lift city gas distributor margins by 250-300 bps: CRISIL Research

A 22-25 per cent decline in the prices of liquefied natural gas (LNG) since January this year, and an expected 5-7 per cent increase in consumption of piped natural gas (PNG) and compressed natural gas (CNG) should drive up the operating profit margins of city gas distribution (CGD) companies by 250-300 basis points (bps) in […]

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