Gas

Bharat Forge to ride on commercial vehicle business, defence deals

The stock advanced 7% over the past month, outperforming the Nifty 50

Bharat Forge bags ₹425 crore Indian Navy gas turbine generator order

The contract involves supplying indigenous gas turbine generators for Kolkata-class destroyers and marks a step forward in naval equipment indigenisation

LPG shortage hits restaurants: Why this matters | US-Iran war | LPG crisis | Strait of Hormuz

India’s restaurant industry is facing a severe disruption due to a shortage of commercial LPG cylinders, with losses estimated at up to ₹79,000 crore a month

Core sector growth slows to 2.3% in Feb on fall in oil, gas output

Production growth in eight core infrastructure sectors slowed down to 2.3 per cent in February from 3.4 per cent in the same month last year, according to government data. Production of crude oil, natural gas, and refinery products declined during the month. During April-February, the cumulative production growth in infrastructure sectors was 2.9 per cent, compared with 4.4 per cent in the same period of the last financial year.

Moving from gas to induction? A buyer's guide to induction cooktops

As LPG shortages disrupt kitchens amid West Asia tensions, induction cooktops are gaining ground. Here's a practical guide to choosing the right model for Indian cooking needs

India’s LPG crisis: How the West Asia war disrupted gas supply | US-Iran war | Crude oil

The ongoing war in West Asia has disrupted LPG supplies to India. Restaurants are limiting operations and customers are panic buying cylinders.

LPG crisis hits markets: What’s next for gas and QSR stocks? | West Asia war | US-Iran war

The West Asia conflict is no longer just a geopolitical story. It is now moving markets in India. Natural gas prices are rising, LPG supply chains are tightening

Big relief for India: LPG tanker Nanda Devi arrives at Gujarat coast | West Asia war | US-Iran war

After Shivalik, another LPG tanker, Nanda Devi, arrived in India on Tuesday, carrying more than 47,000 metric tons of liquefied petroleum gas (LPG). The vessel arrived at Gujarat’s Vadinar Port

Reluctance of market participants hits gas trading volumes at IGX

Market participants turn cautious amid high LNG prices and supply regulation as West Asia conflict disrupts gas shipments and fuels uncertainty

Indian gas firms may cut industrial supply if Qatar halt persists

QatarEnergy has halted production of liquefied natural gas (LNG) amid attacks on its facilities as tensions rise in West Asia

Geopolitical turmoil, weak rupee cloud oil and gas sector outlook

Geopolitics, rupee weakness and volatile gas prices are clouding India's oil and gas outlook, even as low crude offers temporary relief to OMCs and CGD firms

Indian Gas Exchange plans ₹600-700 crore IPO launch by December 2026

Indian Gas Exchange, the country's first online delivery-based trading platform for natural gas, is likely to launch an initial public offering (IPO) by December this year, its Managing Director and CEO Rajesh Kumar Mediratta said on Wednesday. Indian Energy Exchange (IEX) holds a 47 per cent stake in IGX, and as per regulations, it has to bring it down to 25 per cent. "The IPO was supposed to happen in 2025, but we have sought a one-year extension. It is now likely before December 2026," Mediratta said. The papers for the IPO are likely to be filed before the capital market regulator Sebi in the second quarter of 2026 calendar year. "As much as 22 per cent equity shares are likely to be offered in the share sale," he said, but refused to speculate on the valuations. Brokerages last valued IGX at Rs 2,200-3,000 crore. A slight premium over the valuation would mean that the 22 per cent stake sale could be worth Rs 600-700 crore. IGX operates an electronic trading platform for natu

PNGRB expert panel calls for sweeping reform to unlock free gas market

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

Putin speaks on oil, gas, coal and nuclear at Russian Energy Week

Russia maintains its position as a leading oil producer, despite unfair competition being used against us, Putin said

Surviving Nord Stream gas pipeline can be reactivated quickly, says Kremlin

The Nord Stream system consists of two double pipelines, Nord Stream 1 (NS1) and Nord Stream 2 (NS2), running under the Baltic Sea to Germany

Blackstone to acquire Pennsylvania gas power plant in $1 billion deal

US power demand is projected to reach record levels in 2025, driven by data centers for AI and cryptocurrency technologies, as well as higher residential and commercial consumption

EU could quit Russian gas in a year with US LNG, says energy chief

The US is ramping up pressure on Europe to cut off energy revenue to Moscow, seeking to end the war in Ukraine. As Russia's most lucrative export, its fuel revenue has helped fund the war

EU plans legally binding ban on Russian gas imports by end of 2027

The proposals set out how the European Union plans to fix into law its vow to end decades-old energy relations with Europe's former top gas supplier, made after Moscow's 2022 invasion of Ukraine

Govt trims gas-based power generation capacity to 20.13 GW as of April

The country has reduced gas-based power generation capacity by 20 per cent or 5 GW in the last three months to 20.13 gigawatt (GW) as of April. The development comes at a time when the government has issued a directive to use unutilised gas-based generation capacity to ensure uninterrupted power supply during the summer season, when projected demand is expected to hit 277 GW. According to Central Electricity Authority (CEA) data, India's overall installed power generation capacity was 472.468 GW in April, while the share of gas-based capacity was at 20.13 GW. In March, the total power generation was at 475.211 GW and the share of gas-based capacity was at 24.53 GW. India's overall installed power generation capacity was at 470.448 GW in February and the share of gas-based capacity was at 25.18 GW. The power ministry has decided to use unutilised gas-based electricity generation capacity to ensure uninterrupted power supply and maintain grid security amid an anticipated rise in the

Global energy firm BP bets on NEC-25 for gas surge, credits govt reforms

Global energy giant BP Plc, which produces one-third of India's natural gas, is targeting nearly 10 million cubic meters per day of additional output from the NEC-25 block in the Mahanadi basin, spurred by recent upstream reforms introduced by the Modi government. Its chief executive Murray Auchincloss said India's upstream oil and gas policy overhaul through a new legislation has made several improvements important for foreign investors and will help attract global players. BP and its partner Reliance Industries Ltd (RIL) produce about 28 million standard cubic meters per day or almost a third of India's total gas output, from their Krishna Godavari basin deepsea block KG-DWN-98/3 (KG-D6) in the Bay of Bengal. The two are now looking to put into production discoveries in the Block NEC-OSN-97/2 (NEC-25) off the Odisha coast. "Block NEC 25 represents an opportunity to unlock the hydrocarbon potential of a new hub on India's East coast, with production potential of up to 9.9 mmscmd o