Page 3 - Gas

MGL, Gujarat Gas: Analysts see some silver lining for downstream gas stocks

Analysts have lowered their earnings estimates, but have 'buy' recommendations for several stocks

Govt eyes ending schemes, including PAHAL, with wasteful expenditures

The PAHAL scheme, launched in 2013, is aimed at reduce diversion and eliminate duplicate or bogus LPG connections

Indigenous stealth drone makes maiden flight from test range in Karnataka

The stealth drone, also referred to as an Unmanned Combat Airborne Vehicle (UCAV), has been designed and developed by the Aeronautical Development Establishment (ADE), Bengaluru

European gas futures gain as Germany sounds alarm over Russia disruption

Front-month benchmark futures rose as much as 5.8% after German Economy Minister Robert Habeck enacted the "alarm" phase of the emergency plan, saying that Europe's biggest economy is in a gas crisis

Germany taking steps on 'serious' gas situation, says economic minister

Germany will reduce gas consumption in the power sector and industry and push the filling of storage facilities, Habeck said, adding that the government is ready to take further measures if needed

New gas pipeline boosts Europe's bid to ease Russian supply

The pipeline connection will give the country access to ports in neighbouring Greece that are importing liquefied natural gas, or LNG

CNG price hiked by Rs 2.5 per kg, piped cooking gas by Rs 4.25

In all, the CNG price has risen by Rs 15.6 per kg in less than six weeks. This includes a Rs 7.50 per kg hike in this month alone

EU energy roadmap to cut reliance on Russian gas by two-third in a year

he plan envisages ending reliance on all Russian fossil fuels 'well before' 2030

Ukraine crisis: Europe scrambles to reduce dependence on Russian gas

Europe is scrambling to reduce its dependence on Russia for energy and bracing for potential disruption to critical natural gas supplies as Russia's war in Ukraine sends prices to new highs. Natural gas prices hit a record Thursday for a second day in a row as restrictions on oil and gas were increasingly treated as a possibility on the eighth day of the war whether through Western sanctions or Russian retaliation. That could mean even more pain to people's wallets: Energy prices have been high for months because of low supplies, driving up the cost of everything from utility bills to groceries as businesses pass along their costs to customers. Traders were factoring in the rising probability of sanctions on gas for each day the offensive continues, said Kaushal Ramesh, senior analyst at Rystad Energy. The price of gas is 10 times what it was at the start of 2021. But it continues to flow through the major pipelines from Russia to Europe, including those through Ukraine, pipeline

Other suppliers may replace Russia in gas market in 5 yrs: World Bank prez

The world has enough energy suppliers to provide an alternative to Russia in the gas market within the next five years, World Bank President David Malpass said on Sunday.

Inpex to conduct exploratory gas drilling off west Japan from March

The project, off the Yamaguchi and Shimane prefectures, if successful, is expected to help improve the country's energy self-sufficiency rate

IGX awaits regulatory reforms to meet mandate of expanding fuel access

The Indian Gas Exchange, which opened for business last year, is waiting for regulatory reforms to achieve its mandate of expanding access to the fuel

Rs 80,000 cr investment as 430 bids pour in for city gas licensing round

As much as Rs 80,000 cr investment is envisaged in setting up city gas infrastructure in 61 geographical areas, including Jammu, Nagpur, Pathankot and Madurai.

Gas infrastructure across Europe leaking planet-warming methane - video

The EU is proposing laws this year that will force oil and gas companies to monitor and report methane emissions, as well as improve the detection and repair of leaks.

India's natural gas consumption starts to stage recovery in June

Gas consumption has returned to its normal level in the last week: Manoj Jain, chairman of GAIL (India)

Gas-based economy crucial for Atmanirbhar Bharat, says PM Narendra Modi

Prime Minister Narendra Modi on Tuesday said that a gas-based economy is crucial for Atmanirbhar Bharat and work is being done in the direction of "One Nation, One Gas Grid"

India plans $60 bn investment in gas infrastructure until 2024: Pradhan

Currently, gas accounts for 6 per cent in the country's total energy mix

EU to hit Turkey with more sanctions over its Mediterranean gas exploration

European Union leaders gave the green light for the expansion of sanctions against Turkey over its exploration of gas reserves in Mediterranean waters claimed by EU members Greece and Cyprus

GAIL sees gas sales returning to pre-Covid-19 levels by quarter end

State-owned gas utility GAIL India Ltd sees its gas demand returning to pre-Covid-19 levels by the end of the current quarter as the expansion of the city gas network will offset shrinking consumption

Russia exports more gold than gas for the first time in 30 years

For the first time in nearly three decades, Russia exported more gold than gas in the second quarter of 2020