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Canada has reached a deal to export liquefied natural gas to Germany from a planned Pacific Coast terminal, an official familiar with the matter said on Tuesday. The official confirmed Canada will sign the agreement with Germany's SEFE group, which stands for Securing Energy for Europe, from the proposed KSI Lisims export facility on the coast of British Columbia. The official spoke on condition of anonymity as they were not authorised to speak ahead of Wednesday's announcement. The official said up to 1 million metric tons (1.1 million US tons) of liquefied natural gas per year will be exported. Prime Minister Mark Carney has set a goal to double non-US trade in a decade. Oil and gas-rich Canada exports almost all of energy oil and gas to the US currently. British Columbia Premier David Eby said earlier on Tuesday a deal to supply Canadian liquefied natural gas to Germany would be a key step toward the partners behind the Ksi Lisims project deciding to go ahead with their USD ...
Inox India Ltd on Tuesday posted a 15 per cent rise in consolidated net profit to Rs 75.23 crore in the March quarter of FY26, supported by higher income. It had reported a net profit of Rs 65.51 crore in the same quarter a year ago, the company said in an exchange filing. During the latest January-March period, the company's total income rose to Rs 475.24 crore from Rs 382.53 crore recorded in the fourth quarter of the preceding 2024-25 financial year. INOX India Ltd is engaged in the manufacturing of cryogenic storage, re-gas and distribution systems for LNG, industrial gases and cryo-scientific applications.
India's Ambassador to the US Vinay Mohan Kwatra on Friday met US Energy Secretary Chris Wright and discussed the energy partnership between the two countries. Kwatra received Wright and his wife Liz at the India House here. "Honoured to host @SecretaryWright and Mrs. Wright at India House. Productive conversation on a range of subjects including the India-US energy partnership," Kwatra said in a post on X. The US is keen to cooperate with India on civil nuclear cooperation in addition to other areas, such as coal gasification and US LPG exports. India has increased its energy imports from the US over the past year amid trade pact negotiations with Washington. India is the largest buyer of US coal globally with coking coal contributing 40 per cent of the total 20 million tonnes (mt) of coal imported by New Delhi from the US in FY25. Earlier this week, GAIL (India) Limited flagged off an LNG vessel from a US terminal, signalling deeper India-US cooperation in securing cleaner fuel
Global energy major Shell plc has ramped up natural gas supplies to India in the wake of disruptions triggered by the West Asia conflict, leveraging its global liquefied natural gas (LNG) portfolio to capture a larger share of spot and term demand, including key fertiliser sector tenders. Industry sources said Shell emerged as a leading supplier in last month's bulk LNG procurement by Indian fertiliser companies, securing a supply of 4 trillion British thermal units out of 6 TBtus volumes tendered, as the government moved to ensure feedstock availability for urea production amid constrained supplies from the Gulf. With supplies from India's largest LNG supplier in Qatar disrupted by the West Asia conflict, Shell plc's India arm stepped in, importing its largest-ever monthly LNG volumes in March, they said. Besides fertiliser, Shell India also supplied gas to other industrial users and retailers. In March, it became India's largest supplier of imported gas. Shell's ability to step u