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Natural gas production at the KG-D6 fields operated by Reliance Industries Ltd and BP Plc fell nearly 7 per cent year-on-year in the June quarter, as the natural decline that began in mid-2025 continues. In an April-June quarter earnings presentation at analyst call, Reliance said gas output in Q1 averaged 24.8 million standard cubic meters per day, down from 26.6 mmscmd in April-June 2025. The output was lower than 25.2 mmscmd in the preceding January-March quarter. Production from the second-wave of discoveries in the KG-D6 block peaked in January-March 2024 to 30.6 mmscmd but has since been on the decline. Output has since fallen by 19 per cent. Reliance did not immediately provide additional details on production volumes or a timeline for arresting the decline. At the analyst call, a company official said, "In KG-D6, whilst there is a natural decline, it's lower than what we had expected, so we have a plan to offset this natural decline, which I'll talk about shortly." As th
The government has withdrawn most provisions of the emergency natural gas supply regulation order imposed during the West Asia conflict after liquefied natural gas (LNG) shipments through the Strait of Hormuz resumed following a ceasefire. In a notification issued on Saturday, the Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026, omitting key operational provisions, which led to all domestically produced natural gas and imported LNG to be sold as per a new priority customer list drawn by the government. The original order, issued on March 9 under the Essential Commodities Act, was brought in after the conflict in West Asia disrupted LNG shipments through the Strait of Hormuz, with suppliers invoking force majeure and diverting cargoes to priority consumers. The ministry said the situation has since improved, with a ceasefire in place, negotiations underway and maritime traffic through the Strait of Hormuz resuming. The gas supply curbs w
The government is in the process of finalising a new policy for coal gasification-based urea manufacturing and will be ready within a month, an official said, highlighting that the move will boost self-reliance and save foreign exchange, given the country's heavy dependence on imported natural gas, an official said. Speaking during a roadshow here to promote the government's coal gasification scheme, an official said, "We are in the process of making our new policy for coal gasification-based urea manufacturing and are reaching towards that and within one month we will be ready for that." "Since it is assured government business and we are highly dependent upon natural gases and as 25 per cent is imported from various countries that will be more beneficial for us in terms of self-reliance and foreign exchequer," he said. Coal Secretary Vikram Dev Dutt said the Ministry of Chemicals and Fertilisers has been working on the new urea policy for sometime, which has now been triggered wit
The National Stock Exchange (NSE) has offloaded around 1 per cent stake in Indian Gas Exchange (IGX), the country's first online delivery-based trading platform for natural gas, to comply with regulatory requirements, sources said on Monday. The stake sale is part of NSE's effort to align with Petroleum and Natural Gas Regulatory Board (PNGRB) norms, which mandate that no single entity holds more than 25 per cent in the exchange. IGX operates an electronic trading platform for natural gas, offering spot, forward and delivery-based contracts. Following the latest dilution, NSE's shareholding in IGX has come down to 25 per cent. Notably, the exchange had acquired a 26 per cent stake in IGX for over Rs 19 crore in March 2021 to become a co-promoter, after securing approvals from PNGRB. Earlier this month,NSE partnered with IGX to introduce exchange-traded derivatives based on domestic natural gas prices.As part of the collaboration, NSE will launch natural gas futures contracts linke