Liquefied Natural Gas

Hindustan Petroleum Corporation Ltd (HPCL) has signed a USD 3 billion deal to buy liquefied natural gas from the Abu Dhabi National Oil Company Gas (ADNOC Gas), making it the UAE's top customer, the firm said. The two firms signed a Sales and Purchase Agreement (SPA) during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al Nahyan for talks with Prime Minister Narendra Modi on Monday. Abu Dhabi's state firm will supply 0.5 million tonnes of LNG a year to HPCL for 10 years starting 2028. "This agreement converts a previously signed Heads of Agreement between the two companies into a long-term SPA and is valued at approximately USD 2.5-3 billion over its (10 year) duration, for the export of 0.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG)," ADNOC Gas said in a statement. HPCL said it will receive the LNG at its 5 million tonnes per annum LNG import terminal at Chhara, Gujarat. "The supplies under this agreement will support HPCL in

Looking ahead, JERA will continue to build a robust LNG portfolio across the Middle East, Asia, and the United States, to develop resilience against market volatility, the company said

Purchases slowed as elevated spot prices made LNG less competitive against alternative fuels, while monsoon rains brought cooler weather and reduced power demand

Since April, India has mandated mixing gas used to run automobiles and cooking gas with 1 per cent of CBG

Located on the Maharashtra coastline, the Dabhol LNG Terminal plays a vital role in India's gas infrastructure

Expanding Piped Natural Gas (PNG) connections to 111 villages in Delhi's periphery is a significant step towards addressing the needs of communities left behind in India's clean cooking fuel transition, said Kalpana Balakrishnan, Director of the WHO Collaborating Centre for Occupational and Environmental Health in India. "These villages represent pockets that could not transition earlier despite economic opportunities nearby. If it were possible, they would have transitioned by now. These are households with the least socio-economic privileges, making this a crucial equity-favouring initiative, Balakrishnan told PTI, referring to the Delhi government's latest push to extend PNG supply to the rural areas. The initiative by the Delhi government in partnership with Indraprastha Gas Limited (IGL) and other city gas distribution companies aims to replace traditional biomass and LPG use with cleaner, safer, and more affordable piped gas connections. It is part of a phased plan to connect .

India's crude oil imports from the US hit a two-year high in April, with US market share tripling since February, as both nations work towards a trade deal to rationalise import tariffs

Indian Oil, the largest operator of LNG truck outlets, has shut five of its six outlets for lack of business, with only one in Sriperumbudur, an industrial area outside Chennai, still operational

Crude oil from the US is a tough buy in today's environment - supplies to India have already dropped by half from 2021 levels

The biggest deal was signed by public sector oil marketing company IOC. It inked an agreement to import LNG from UAE's Abu Dhabi National Oil Co.

Petronet to supply 150 ISO containers of natural gas to Sri Lankan port

MoU inked with Central European Gas Hub for collaboration in trading of natural gas, hydrogen, and biomethane

Indian consumers are seeking to diversify their sourcing contracts by balancing US Henry Hub linked LNG purchases with oil linked contracts

Having sales contracts in place for the LNG plant aided Venture Global's financing efforts for the new facility

Quick change in course reflects agility of trading firms in sending LNG supplies to Europe or Asia, whichever pays, as colder weather increases competition between the two regions for the fuel

A federal judge in North Dakota has temporarily blocked a new Biden administration rule aimed at reducing the venting and flaring of natural gas at oil wells. At this preliminary stage, the plaintiffs have shown they are likely to succeed on the merits of their claim the 2024 Rule is arbitrary and capricious, US District Judge Daniel Traynor ruled Friday, the Bismarck Tribune reported. North Dakota, along with Montana, Texas, Wyoming and Utah, challenged the rule in federal court earlier this year, arguing that it would hinder oil and gas production and that the Interior Department's Bureau of Land Management is overstepping its regulatory authority on non-federal minerals and air pollution. The bureau says the rule is intended to reduce the waste of gas and that royalty owners would see over USD 50 million in additional payments if it was enforced. But Traynor wrote that the rules "add nothing more than a layer of federal regulation on top of existing federal regulation. When pum

ADNOC has big ambitions in gas and LNG, which along with renewable energy and petrochemicals it sees as pillars for its future growth, putting it in competition with regional rivals Qatar

IndianOil's petrochemical strategy is primarily based on utilising captive feedstocks, he said

TotalEnergies, which owns 5.54% of Oman LNG, will be supplied by the company for 10 years from 2025, they said in separate statements

The cost-effectiveness of producing white hydrogen is raising concerns among those who placed early bets on green hydrogen