Page 11 - Lng

BP boosts dividend after Q2 profit hits 14-year high of $8.45 bn

BP boosts dividend by 10%; BP to boost spending on oil and gas, CEO says; profits driven by strong oil trading, hit by LNG

Gazprom's move on long-term LNG contracts squeezes priority sector

Supply disruptions may be 'short-term', says GAIL

Gazprom Singapore misses LNG deliveries to GAIL amid soaring demand: Report

GMTS is willing to offer a penalty to the Indian company for missed cargoes. One of the sources said the penalty is miniscule compared to spot prices of LNG.

Russia defaults on LNG supplies to India due to retaliatory sanctions

Russia has defaulted on the supply of at least 5 cargoes or shiploads of LNG to India after its retaliatory sanctions hit one of the companies that supply gas to India, sources said

India may face tech, logistical snags as it tries to explore CNG imports

The government's draft policy encouraging imports in compressed form over LNG ignores major technological and logistics hurdles

Pakistan faces escalation of power crisis as LNG tenders scrapped

Pakistan is again facing an escalation of power crisis after it failed to agree on a deal for natural gas supply next month

GAIL to enter distributed LNG production business to provide fuel to users

GAIL will liquefy or turn natural gas into liquid at sub-zero temperature and transport it in trucks to users.

Global macro in 2022/2023

We are in new terrain, with four problems coming together

No disruption in Russian LNG supplies from Gazprom due to sanctions: GAIL

Earlier this month, Moscow slapped sanctions on owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as the former German unit of the Russian gas producer Gazprom

Shell may sell Russian LNG plant stake to Indian consortium: Report

Shell seeks to sell 27.5% stake in Sakhalin-2 plant; Shell in talks with group of several Indian firms, say sources

Global LNG markets brace for uncertainty over Russian gas supplies

Western sanctions on Russia due to the Ukraine invasion have sparked fears of disruption of Russian gas supply to Europe, sending global gas prices to all-time highs

South Korea to divert gas supplies to Europe over Russia-Ukraine conflict

Concerns have grown over natural gas supply disruptions in Europe amid the ongoing crisis surrounding Ukraine, as Russia is the biggest provider of gas to Europe, reports Yonhap News agency

With EV foray, Atul Auto eyes L5 battery-run three-wheelers via subsidiary

The wholly-owned subsidiary Atul Greentech Pvt Ltd designs and develops innovative solutions for last-mile electric mobility for domestic and export markets

Fitch Ratings trims India's gas consumption growth to 5% on high prices

Fitch Ratings cut its India gas consumption outlook for the current fiscal to a growth of 5 per cent as the recent spike in domestic gas prices and high LNG rates would slow the shift

Petronet may look at building 4th LNG import terminal to meet energy demand

Petronet operates a 17.5 million tonnes a year LNG import facility at Dahej in Gujarat and another 5 million tonnes facility at Kochi in Kerala

Global LNG body urges govts to support fuel buyers amid Ukraine crisis

The Paris-based group, whose members account for more than 90% of global LNG trade, issued a statement a day earlier after a meeting of its executive committee

Shell to set up LNG stations, bullish on gas market in India

Shell operates a 5 million tonnes a year liquefied natural gas (LNG) import facility at Hazira in Gujarat and has a small network of petrol pumps.

Energy geopolitics and LNG

The Russia-Ukraine war has put the spotlight on the role of liquefied natural gas (LNG) in the global energy futures

India's GAIL continues to pay for Russian LNG imports in US dollar

GAIL has a deal to receive 2.5 million tonnes of liquefied natural gas (LNG) annually on a delivered basis from Russia's Gazprom

US, European Union strike LNG deal to undercut Russian energy

The EU is aiming to cut its dependency on Russian gas by two-thirds this year and end all Russian fossil fuel imports by 2027 due to Russia's invasion of Ukraine.