As the international natural gas trade continues to develop, Asian economies will drive global demand growth over the next five years, according to a new report from the International Energy Agency (IEA). Global natural gas demand is coming off a record year after growing 4.6% in 2018, the fastest annual pace of growth since 2010, […]
India and the United States have discussed ways to enhance energy security and also work together to further develop gas-based economy in India, an Indian government statement said. It said India’s Petroleum & Natural Gas and Steel Minister Dharmendra Pradhan had a telephonic conversation with the U.S. counterpart Rick Perry during which the two also […]
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 […]
According to a report by the International Renewable Energy Agency (IRENA) cited by Reuters, beginning 2020, electricity generated by solar PV and onshore wind is set to become consistently cheaper than the most cost-effective fossil fuel alternative, without subsidies. In essence, more than 80 percent of solar PV and 75 percent of onshore wind power deployments […]
Growth of eight core sectors slowed to 2.6 per cent in April compared to 4.7 in same month last year, government data showed. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 127.5 in […]
India’s natural gas production decreased marginally to 2,656 million standard cubic meter (MMSCM) in April 2019, as compared to the corresponding month a year ago. This was primarily due to a fall in production from fields under production sharing contracts (PSC). The country had produced 2,663 MMSCM of natural gas in April 2018. Oil and […]
The growth of eight core sectors improved marginally to 4.7 per cent in March 2019 against 4.5 per cent in the same month last year. This is the highest growth in five months, with impressive recoveries in the refinery products segment. Cement production, too, improved rapidly last month. Data released by the Ministry of Commerce […]
India’s natural gas production grew for the second consecutive year in 2018-2019, primarily due to increase in production from fields operated by government-owned Oil and Natural Gas Corporation (ONGC). India’s cumulative natural gas production grew 0.69 per cent to 32,873 Million Standard Cubic Meter (MMSCM) last fiscal, as compared to 32,649 MMSCM produced in financial […]
India’s crude oil production fell over 4 per cent in the financial year 2018-19 after aging fields of state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) missed the target, official data showed. India produced 34.2 million tonnes of crude oil in the fiscal year ended March 31, down from 35.7 million […]
The growth of eight core sectors slowed down to 2.1 per cent in February due to fall in output of crude oil and refinery products, official data showed. Eight infrastructure sectors – coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity – had expanded by 5.4 per cent in February 2018. Sluggish […]
