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Leading gas distribution company, THINK Gas formed through the merger of largest private energy player AG&P Pratham and Think Gas has welcomed the Petroleum and Natural Gas Regulatory Board's revised Unified Tariff framework, terming it as a timely and consumer-centric reform. As per the revised tariff framework, THINK Gas customers in Madhya Pradesh, Punjab, Himachal Pradesh, Uttar Pradesh, Bihar and Karnataka are expected to benefit from CNG (Compressed Natural Gas) price reductions of up to Rs 2.50 per kg and domestic PNG (Piped Natural Gas) reductions of up to Rs 5 per standard cubic meter (SCM). In a statement on Saturday, THINK Gas said it would voluntarily reduce Domestic PNG prices by up to Rs 4 per standard cubic metre (SCM) for customers in Andhra Pradesh and Tamil Nadu and up to Rs 2.77 per SCM in Rajasthan, even though these states are not yet connected to the National Gas Grid. To come into effect from January 1, 2026, the new framework by the Petroleum and Natural ...
Israeli Prime Minister Benjamin Netanyahu said on Wednesday that he has approved a USD35 billion natural gas export deal to Egypt, the biggest gas deal in Israeli history. The agreement could also help repair relations between the two countries strained during the two-year war in the Gaza Strip. The gas will be delivered to Egypt over the next 15 years by US energy giant Chevron, a key owner of the gas field off Israel's coast in the Mediterranean Sea. Half of the proceeds are expected to go to Israel's state coffers. In a recorded video statement, Netanyahu said the deal "greatly strengthens Israel's position as a regional energy power, and it contributes to stability in our region. Egypt, which borders both Israel and Gaza, has served as a key mediator between Israel and the Palestinian militant Hamas group leading up to the US-brokered ceasefire that was agreed on in October. Cairo has also has been a vocal critic of Israel's offensive, which has killed tens of thousands of ...
A high-level expert committee set up by the Petroleum and Natural Gas Regulatory Board (PNGRB) has called for sweeping structural reforms to create a free, competitive natural gas market in India, arguing that market-driven pricing and open access are essential for the country's clean energy transition. In its report, Vision 2040 - Natural Gas Infrastructure in India, the panel led by former PNGRB chairperson D K Sarraf said a liberalised gas market would enhance transparency, spur investment, improve resource allocation and deepen liquidity. A competitive system, it said, would remove current market distortions and attract new players across exploration, pipelines, LNG terminals and city gas distribution. Natural gas, extracted from underground and offshore reservoirs, is used to generate power, produce fertiliser, turned into CNG to power vehicles, piped to household kitchens for cooking and serve as feedstock across several industries. Seen as a key transition fuel as India shift
GAIL (India) Ltd has entered into an agreement with Tata Steel for supply of natural gas to the steel major's Combi-Mill plant in Jamshedpur, a statement said. As per the agreement, GAIL will supply 31,000 standard cubic metres per day (SCMD) of natural gas until March 2026, with volumes scaling up to 43,000 SCMD thereafter, it said. Supply to Tata Steel's Combi-Mill plant under the City Gas Distribution project being implemented in East Singhbhum, will commence by the end of this September. This agreement represents the largest industrial customer onboarding since the inception of GAIL's City Gas Distribution GAs located in Varanasi, Patna, Ranchi, East Singhbhum, Cuttack and Kordha, the company said. To connect the Combi-Mill plant, GAIL has commissioned a 23-km pipeline route, it said. General Manager and GA in-charge of GAIL, Gauri Shankar Mishra, stated that the collaboration with Tata Steel demonstrates the company's dedication to providing cost-effective, environmentally ..
Eight infrastructure sectors' growth slowed down to 2 per cent in July 2025 from 6.3 per cent in the same month last year, according to official data released on Wednesday. The core sector's output growth was 2.2 per cent in the previous month of June. The production growth was dragged by five key sectors of coal, crude oil, natural gas, and refinery products, which recorded a decline in output in July. In April-July of this fiscal year, the eight infrastructure sectors expanded by 1.6 per cent, compared to 6.3 per cent during the same period last year.
State-owned ONGC has signed an agreement with global energy giant BP to collaborate on drilling multiple stratigraphic wells in India. This partnership will enhance geological understanding and unlock untapped hydrocarbon potential, strengthening India's long-term energy security, Oil and Natural Gas Corporation Limited (ONGC) said in a post on X. "#ONGC has signed a strategic Memorandum of Understanding (MoU) with @bp_plc on 17 July 2025, to collaborate on drilling stratigraphic wells in India's Category II & III offshore sedimentary basins: Andaman, Mahanadi, Saurashtra, and Bengal," the oil major said. The MoU was signed in the presence of Union Ministry of Petroleum and Natural Gas Hardeep Singh Puri on the sidelines of Urja Varta 2025 event in the national capital. Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas, said this was one of the initiatives that "we have been talking about sometime ... called stratigraphic wells." This is the first of the series of such