Latin America, Africa, and Russia are expected to play key roles in helping OVL achieve its long-term production targets
Indian refiners can process cheap Russian crude into products, and export to Europe
In a Q&A, the President of GE South Asia asserts that natural gas will bridge India's journey from coal to renewables, even as he points is massive potential in onshore wind energy
With India burning more fossil fuel to grow, state-owned refiners are likely to struggle to meet their targets
India imported between 1.27 to 1.42 million barrels of Russian crude per day, which made up 28% of India's supplies in January, the highest ever
Two policy tweaks to lower the govt's bill depend on weather, state of the global economy and the trajectory of the Russia-Ukraine war
But imposing policies that deter domestic exploration and production
Freeing the industry from administrative pricing could be the best way forward
In a Q&A, Satyanarayan Goel, CMD of the exchange, dwells on the current and future power distribution scenario in India and his plans to set up an International Carbon Exchange
But the China factor could play spoiler
New trading products could be the start of India's attempt to create a domestic price benchmark and derivatives contract market, and the tapering of the administered price regime
Consumers will be in trouble, given rising European demand from India's traditional suppliers, the absence of gas storage facilities and the lack of a clear LNG procurement strategy
Sizeable discounts on Urals grade have helped evade new sanctions by western powers; fate of Russian supplies in Q1 of calendar 2023 rests on oil price movement
'People are looking to get into the manufacturing supply chain, governments are looking at expanding transmission infrastructure,' said ReNew Power founder & CEO, Sumant Sinha
The impact of the gas price cap on India may, however, be muted as the EU, fearing disruptions to domestic gas supplies in winter, set the bar very high
An International Energy Agency report suggests that New Delhi's action on renewable deployment on the ground pales in front of Europe and China
The Modi government could take a leaf out of Norway's playbook to meet its 2070 emission target instead of passing the buck to the private sector
India will continue to buy Russian oil, and the lack of ships or insurers will not be a hindrance, said an oil ministry official
The US shipped a record 450,000 barrels/day to India in November
India will be unable to use Western tankers and insurance if it refuses to adhere to price cap