The developments mean that there are now at least 20 tankers being used to ferry LNG from sanctioned Russian projects
India and the UAE signed multiple agreements on energy, defence, shipbuilding and AI cooperation, alongside investment commitments worth $5 billion
Today's BS Opinion wrap looks at gold imports and forex pressures, judicial infrastructure gaps, financing the Viksit Bharat dream, coal gasification, and Japan's wartime history
Inox India Ltd on Tuesday posted a 15 per cent rise in consolidated net profit to Rs 75.23 crore in the March quarter of FY26, supported by higher income. It had reported a net profit of Rs 65.51 crore in the same quarter a year ago, the company said in an exchange filing. During the latest January-March period, the company's total income rose to Rs 475.24 crore from Rs 382.53 crore recorded in the fourth quarter of the preceding 2024-25 financial year. INOX India Ltd is engaged in the manufacturing of cryogenic storage, re-gas and distribution systems for LNG, industrial gases and cryo-scientific applications.
Speaking at the CII Annual Summit, Union Minister Hardeep Singh Puri said India's oil companies are losing ₹1,000 crore every day and the under recovery is going to be ₹1,98,000 crore
At least nine LNG tankers that were anchored near Qatar stopped sending signals from May 11, according to ship-tracking data compiled by Bloomberg
While the potential passage may raise hopes of increased LNG exports from the region, other vessels in the Gulf appear to be remaining in place
India's Ambassador to the US Vinay Mohan Kwatra on Friday met US Energy Secretary Chris Wright and discussed the energy partnership between the two countries. Kwatra received Wright and his wife Liz at the India House here. "Honoured to host @SecretaryWright and Mrs. Wright at India House. Productive conversation on a range of subjects including the India-US energy partnership," Kwatra said in a post on X. The US is keen to cooperate with India on civil nuclear cooperation in addition to other areas, such as coal gasification and US LPG exports. India has increased its energy imports from the US over the past year amid trade pact negotiations with Washington. India is the largest buyer of US coal globally with coking coal contributing 40 per cent of the total 20 million tonnes (mt) of coal imported by New Delhi from the US in FY25. Earlier this week, GAIL (India) Limited flagged off an LNG vessel from a US terminal, signalling deeper India-US cooperation in securing cleaner fuel
International Energy Agency flags LNG supply hit from US-Iran conflict, delaying global supply growth by up to two years
In this session, Vaibhav Maloo, Managing Director, Enso Group, explains the impact of the war-led energy crisis on India. >
Importers explore cargoes from Russia and Norway as Qatar supply disruptions and geopolitical tensions force diversification and raise questions over sanctioned LNG sourcing
Government panel recommends removing excise duty on CNG and bringing natural gas under GST with full input tax credit to accelerate adoption amid energy supply concerns
The purchases mark a turnaround after Indian buyers had earlier limited spot purchases and canceled tenders because offers were too expensive
India has never publicly confirmed any such pledge and has said its buying decisions are guided by price, supply security and consumer interests
Global energy major Shell plc has ramped up natural gas supplies to India in the wake of disruptions triggered by the West Asia conflict, leveraging its global liquefied natural gas (LNG) portfolio to capture a larger share of spot and term demand, including key fertiliser sector tenders. Industry sources said Shell emerged as a leading supplier in last month's bulk LNG procurement by Indian fertiliser companies, securing a supply of 4 trillion British thermal units out of 6 TBtus volumes tendered, as the government moved to ensure feedstock availability for urea production amid constrained supplies from the Gulf. With supplies from India's largest LNG supplier in Qatar disrupted by the West Asia conflict, Shell plc's India arm stepped in, importing its largest-ever monthly LNG volumes in March, they said. Besides fertiliser, Shell India also supplied gas to other industrial users and retailers. In March, it became India's largest supplier of imported gas. Shell's ability to step u
Qatar reassures India on LNG supplies after disruptions, as government says power availability remains stable despite low dependence on gas-based generation
Oil minister visits Qatar after US-Iran ceasefire, as LNG disruptions from QatarEnergy raise concerns over India's energy supplies and gas allocation priorities
Qatar is India's single-largest supplier of both LNG and LPG, providing 45 per cent and 20 per cent respectively
The effective closure of the Strait of Hormuz - and attacks on the world's largest LNG export plant in Qatar - has throttled about a fifth of global supply, upending the gas market and lifting prices
Newer LNG terminals face viability risks as West Asia conflict cuts supplies, raises prices and weakens demand, even as India expands import capacity and dependence on overseas gas