LNG Demand In India

Tata Motors on Thursday said it has partnered with city gas distribution player THINK Gas to strengthen the LNG refueling ecosystem for long-haul and heavy-duty trucking in India. The two partners have signed a Memorandum of Understanding (MoU) for this purpose, Tata Motors said in a statement. The partnership aims to enhance infrastructure readiness, build greater awareness of fuel quality, and enable wider adoption of LNG-powered commercial vehicles, accelerating the transition towards cleaner, more decarbonised freight operations, it added. Tata Motors Vice President & Business Head - Trucks, Rajesh Kaul, said as India advances towards sustainable and efficient freight movement, LNG presents a compelling solution for long-haul and heavy-duty trucking. "Through this partnership with THINK Gas, our goal is to strengthen ecosystem readiness, ensuring reliable access to refuelling infrastructure and enabling fleet operators to adopt LNG with confidence," he added. THINK Gas Senior

The latest agreement follows another long-term LNG supply deal between QatarEnergy and GSPC, inked in 2019

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

State-owned GAIL (India) Ltd has signed a gas sales and purchase agreement (GSPA) to buy 1 million tonnes of liquefied natural gas (LNG) from Vitol Asia Pte Ltd for 10 years starting 2026. The GSPA follows a binding term sheet signed in January 2024, GAIL said in a statement. "Under the agreement, Vitol will deliver LNG to GAIL from its global LNG portfolio," it said. Speaking on the occasion, GAIL Director (Marketing) Sanjay Kumar said the company is expanding its long-term LNG portfolio to meet demand growth. "We are pleased to partner with Vitol Asia Pte Ltd, and this agreement represents a key milestone in reinforcing GAIL's capability to reliably serve its diverse and evolving customer base." Jay Ng, Chief Financial Officer, Vitol Asia and Executive Committee member, said the growing Indian market is core to Vitol's strategy and its diversified portfolio enables it to offer India a stable supply of cleaner and competitive energy. India emerged as the world's fourth-largest LN

Indian Oil Corporation (IOC), the nation's largest oil firm, has signed a USD 7-9 billion deal to import LNG from UAE on a long-term 14-year contract. IOC signed a long-term deal to receive 1.2 million tonnes per year of LNG from the United Arab Emirates beginning 2026 for 14 years. "ADNOC Gas has signed a 14-year sales and purchase agreement with Indian Oil Corporation Ltd (IOC) for the export of up to 1.2 million tonnes per annum (mtpa) of Liquefied Natural Gas (LNG) to India's largest integrated and diversified energy company which will be supplied from Das Island liquefaction facility," ADNOC Gas said in a statement. The deal was signed on the sidelines of India Energy Week here. "The agreement, valued in the range of USD 7 billion to USD 9 billion over its 14-year term signifies a major step forward in the partnership with IOC and we look forward to supporting India's plans to make gas 15 per cent of its primary energy basket by 2030," it added. The deal with IOC is the secon

GAIL had to stall its 2023 process to buy a stake of up to 26 per cent in an LNG plant in US after then-President Biden paused approvals for pending and future applications to export LNG

On the bourses, GAIL share price rallied as much as 7.03 per cent to hit an intraday high of Rs 178.75 apiece

The US has announced sanctions on two Indian firms for allegedly aiding Russia's Arctic LNG 2 project, in violation of its energy curbs aimed at crippling Moscow's revenue streams amid the Ukraine war

Gail's contracted LNG volumes total about 15.5 million tons a year and include supplies from the US, Qatar and Australia, according to its annual report

Asia is on track to import 23.18 million metric tons of LNG in June, down a touch from May's 23.55 million

More than 75 per cent of India's power generation was from coal in 2023, while gas-fired plants have accounted for only about 2 per cent in recent years, largely because of the high cost of gas

While China may still see lower demand compared with its record breaking shipments in 2021, demand from India and the rest of Asia has compensated for any drop-off, an expert said

The Electricity Generating Authority of Thailand (EGAT) is also seeking one LNG cargo for delivery in March

Jain said IOC hopes to boost local sales of gas to 20 million tpy by 2030, a substantial increase from the current 6.3 million tpy

GreenLine Logistics (Green Planet Logistics Pvt Ltd.), India's first and only LNG-fueled heavy trucking logistics company, has entered into an LNG supply agreement with Baidyanath LNG Private Ltd

Diplomats have been called in to try to resolve a disagreement over a cut in supplies of liquefied natural gas to India by a German-state-backed company

Tightening Russian gas supplies to Europe has led to scramble for tankers before winter sets in

Firm claims the engines generate high torque and help trucks deliver best-in-class total cost of ownership and offer unmatched ride comfort and safety for long hauls

Boom in prices has been on for over a year, may not only to sustain but become more pronounced going ahead say experts; Indian economy has felt the heat, but has so far escaped being singed

LNG cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday