The oil sector has been hogging the investment limelight after a spectacular recovery that has set the sector as one of the top performers in 2021. However, it’s natural gas bulls who have been having a real ball with natural gas trading at their highest levels since 2014, outpacing oil and many other commodities. The natural […]
India’s top oil and gas producer ONGC is seeking a minimum price of $ 3.5-4 per mmBtu (million British thermal unit) for the natural gas it plans to produce from coal seams in Jharkhand and a field in Tripura. Oil and Natural Gas Corporation (ONGC) has issued separate tenders seeking buyers of 0.02 million standard cubic meters per […]
Australia’s resources and energy exports continue to surge, latest trade data confirmed, despite the challenges of the past 12 months, Minister for Resources and Water Keith Pitt recently said, pointing to the latest data from the Australian Bureau of Statistics’ International Trade in Goods and Services data for October 2021. “These latest figures confirm again […]
The government has set up a committee to work out measures needed to make natural gas available to power plants at “reasonably stable prices”, Oil Secretary Tarun Kapoor said. India has 24,900 megawatts of gas-based power generation capacity. But of this, 14,305 MW is stranded due to the non-availability of reasonably priced gas. “We have […]
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 […]
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 […]
Europe has been struggling to fill gas storage sites to adequate levels in recent months as Asian buyers have been snapping up LNG cargoes. A colder winter could send Europe’s gas prices soaring to new record highs in the coming months. Russia signaled this week it would start filling European storage sites once Gazprom completes […]
India is considering maintaining strategic reserves of natural gas and imported coal like the country’s strategic petroleum reserves, to address future supply shocks, as the energy hungry nation battles a crippling coal shortage. A surge in power demand combined with a fall in imports due to high global coal prices have led to supply disruptions […]
JSW steel reported its highest-ever consolidated net profit after tax (PAT) at Rs 7,179 crore for the quarter ended September 30. This is an increase of 350 per cent over last year period’s profit of Rs 1,595 crore. The company has also clocked its highest-ever quarterly revenue from operations at Rs 32,503 crore in the […]
Reliance Industries limited (RIL) is planning to use about 3 gigawatt (GW) of solar energy to generate 400,000 tonnes of hydrogen at its proposed electrolyser gigafactory. Speaking at the Fourth Assembly of the International Solar Alliance a virtual event held from 18-21 October 2021, Madhukar Garg, President – Refining and Petchem R&D, RIL, said, “We […]
