GAIL has come under pressure since it is not receiving contracted liquefied natural gas (LNG) cargoes and it is being forced to buy LNG at much higher prices
OPEC+ meeting: While analysts said the current output cut is insignificant to move the needle on oil prices, they cautioned that more output cuts may push oil prices higher, impacting India
We see a very bright future for gas in India, said Shell Energy India's Raheja, In terms of long term LNG prices, volatility has been a lot less
In a month, the CNG prices have been revised seven times, which comes on the back of a surge in gas prices globally
Market players remain concerned over the risk of Russian supply disruption amid a tense geopolitical situation following Moscow's invasion of Ukraine
India has set a target of raising the share of natural gas in its energy basket to 15 per cent by 2030 from the current 6.72 per cent
However, the govt may have to infuse more fertiliser subsidy if global gas prices rise.
Gas consumption in India increases by an average of 7 per cent a year, estimates IEA
ONGC, Oil India stand to gain, but downstream players may feel the heat
Shell India bullish on Indian LNG and natural gas demand
Significant demand-supply gap seen opening in middle of current decade; China and India led LNG demand growth in 2020
The company is India's largest LNG importer and is aiming for more long-term deals in the next 10 to 15 years, says it CEO
India's efforts to build a gas based economy is set to get a boost from the falling spot LNG prices
Spot LNG in Asia is highly sensitive to marginal demand in Japan, Korea and China, where heating load has gone up significantly. Emergency buying by Japanese power firms is driving prices up
Gas demand is expected to rise from 148 million standard cubic meters per day in 2018-19 to 250 mmscmd by FY25, Elara Securities said in a report
The country's annual LNG imports is expected to rise by 10%-15% this year, said Poorna Rajendran of consultancy firm FGE
India has in the past used its status as Asia's third-largest LNG buyer to renegotiate deals with Qatar, Australia, and Russia.
Prospects across segments stay positive
Trump said the United States looked forward to exporting more energy