India’s natural gas consumption is projected to rise to as much as 550 million standard cubic meters per day by the end of the decade from about 174 mmscmd now as the user base expands with the inclusion of newer industries such as steel, GAIL (India) marketing director E S Ranganathan said. Speaking at the ETEnergyworld Gas […]
As global LNG prices rule high, industrial fuel consumers in India are increasing the volume of purchases on IGX, India’s natural gas exchange. “In a year since trading started on IGX the gas prices discovered have been on average 10-30% lower compared with global spot LNG prices,” Rajesh Kumar Mediratta, CEO & MD of IGX […]
Indian Gas Exchange (IGX) achieved a record trading of 10.3 lakh million British thermal units (mBtu) of gas volumes in October, with the platform discovering prices lower than spot Asian liquefied natural gas (LNG) rates. Most of the trading was done through monthly contracts, which recorded transactions of 9.4 lakh mBTu in October. The monthly […]
India and Italy have agreed to explore development of green hydrogen, setting up renewable energy corridors, and joint projects in the natural gas sector as the two nations sought to strengthen partnership in energy transition. A joint statement said the two leaders agreed to encourage joint investments of Indian and Italian companies in energy transition-related […]
India will bargain for supply of undelivered gas quantities of past years when it negotiates renewal of its multi-billion dollar LNG import deal with Qatar. Petronet LNG Ltd’s 7.5 million tonnes a year liquefied natural gas (LNG) import deal with Qatargas is ending in 2028. Renewal, if any, has to be confirmed 5 years ahead of […]
Industries which use natural gas as fuel or feedstock are bearing the brunt of record high spot market rates of liquefied natural gas (LNG) in the global markets. The city-gas marketing companies are under severe margin pressure. Most of these firms have already or will soon raise the prices of the goods they sell, leading […]
India’s import of liquefied natural gas (LNG) recorded a drop of 13.2% year-on-year (y-o-y) to 1.9 million tonnes (MT), or 2,517.5 million standard cubic meter (mscm) in September 2021, according to a recent note published by Credit Suisse. With this, LNG import in April-September stood at 11.8 MT, marginally lower than 11.9 MT recorded in […]
Thermal coal prices across Asia hit new highs this week as China and India restock critically low inventories to meet robust power consumption, industry sources said. In India, prices of better burning U.S. thermal coal in North Indian retail markets have risen by a third and are up by more than 100% from a year […]
To reduce its carbon footprint, Coal India Ltd (CIL) has put special thrust on energy efficiency measures and is forging ahead with a series of measures to offset carbon emission in mining operation in all its coal producing companies. CIL has also drawn an ambitious 5-year plan of carbon offset in different fields of its […]
Six top western energy firms are vying to partner in the vast expansion of Qatar’s liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world remain stalled. Exxon Mobil, Royal Dutch Shell, TotalEnergies and ConocoPhillips, which are part of […]
