Is another LNG glut round the corner?

The recent record-high LNG spot prices in Asia highlighted the more stable prices of the gas for LNG buyers in long-term supply contracts compared to the much higher volatility in spot prices, says oilprice.com. However, long-term supply is indexed to the inherently volatile oil prices.  Global natural gas demand is set to return to pre-crisis levels as […]

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Reliance buys two-thirds of own gas from KG-D6; GAIL, Shell among other buyers

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Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes. Reliance and its partner UK’s BP Plc auctioned 7.5 million standard cubic metres per day (mmscmd) of incremental gas from the R-series gas field in the KG-D6 block, […]

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Interview – Indian budget needs to address oil and gas sector’s demand for GST

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Jay Cheema, is a partner in law firm Cyril Amarchand Mangaldas, where he specialises in energy. He talked to Biman Mukherji of indoasiancommodities.com about expectations from the forthcoming budget for the oil and gas, renewables and energy sector  to expedite the recovery process from the global pandemic. Q: Oil prices have started recovering, but the sector has been […]

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For a gas-based economy, India needs to include natural gas under GST: FIPI

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The government should bring natural gas under the Goods and Services Tax (GST) regime to accelerate a gas-based economy and raising the share of the environment-friendly fuel in India’s energy basket, the Federation of Indian Petroleum Industry (FIPI) industry said. Natural gas is currently outside the ambit of GST, and existing legacy taxes — central […]

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