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Economics trumps politics: India's US oil, LNG imports slump sharply

India is guided solely by economics when sourcing oil and LNG rather than geopolitics, and the government does not interfere in decisions by state-oil companies, September data shows

Ultra Gas & Energy to invest ₹900 cr to expand LNG retail network

The Mumbai-based firm currently operates six stations along major freight corridors in Rajasthan, Gujarat, Maharashtra, Karnataka and Tamil Nadu

After Trump pressure, EU aims to bring forward Russian LNG import ban

Beyond LNG, or liquefied natural gas, the proposed sanctions would also target more of Russia's shadow tanker fleet and cryptocurrency

Oil India targets ₹1.3 trillion capex by 2030, says CMD Ranjit Rath

Oil India chief expects that the construction of Mozambique LNG project will resume by the end of this year

Oil India sees restart of Mozambique LNG project by year's end

TotalEnergies halted construction of the project and imposed force majeure in 2021 following a deadly attack on the site by Islamic State-linked insurgents

India's LNG demand drops in 2025 as buyers await supply wave, price drop

Purchases slowed as elevated spot prices made LNG less competitive against alternative fuels, while monsoon rains brought cooler weather and reduced power demand

LNJ Bhilwara acquires Statkraft's 49% stake to fully own Malana Power

LNJ Bhilwara Group has acquired Statkraft's 49 per cent stake in Malana Power, giving Bhilwara Energy complete ownership of two hydropower plants in Himachal Pradesh

India to boost LNG import capacity by 27% by 2030, add two new plants

The South Asian nation wants to raise the share of gas in its energy mix to 15 per cent by 2030 from about 6 per cent at present to cut its carbon footprint

Ashok Leyland fuels LNG boom in trucks, eyes tie-ups with city gas giants

Ashok Leyland is in talks with top city gas distribution firms to make liquefied natural gas (LNG) available at CNG stations as the market for LNG-powered trucks grows rapidly

Trump tariffs push Asia toward American LNG at the cost of climate goals

Asian countries are offering to buy more US liquefied natural gas in negotiations with the Trump administration as a way to alleviate tensions over US trade deficits and forestall higher tariffs. Analysts warn that strategy could undermine those countries' long-term climate ambitions and energy security. Buying more US LNG has topped the list of concessions Asian countries have offered in talks with Washington over President Donald Trump's sweeping tariffs on foreign goods. Vietnam's Prime Minister underlined the need to buy more of the super-chilled fuel in a government meeting, and the government signed a deal in May with an American company to develop a gas import hub. JERA, Japan's largest power generator, signed new 20-year contracts last month to purchase up to 5.5 million metric tons of US gas annually starting around 2030. US efforts to sell more LNG to Asia predate the Trump administration, but they've gained momentum with his intense push to win trade deals. Liquefied ...

GAIL eyes long-term LNG deal from 2027 linked to Brent crude prices

The Indian company is looking to buy six cargoes of the super chilled gas in 2027, and eight cargoes in the second year of the deal

Gail signs 10-year deal with Vitol to import 1 million tonnes LNG from 2026

State-owned GAIL (India) Ltd has signed a gas sales and purchase agreement (GSPA) to buy 1 million tonnes of liquefied natural gas (LNG) from Vitol Asia Pte Ltd for 10 years starting 2026. The GSPA follows a binding term sheet signed in January 2024, GAIL said in a statement. "Under the agreement, Vitol will deliver LNG to GAIL from its global LNG portfolio," it said. Speaking on the occasion, GAIL Director (Marketing) Sanjay Kumar said the company is expanding its long-term LNG portfolio to meet demand growth. "We are pleased to partner with Vitol Asia Pte Ltd, and this agreement represents a key milestone in reinforcing GAIL's capability to reliably serve its diverse and evolving customer base." Jay Ng, Chief Financial Officer, Vitol Asia and Executive Committee member, said the growing Indian market is core to Vitol's strategy and its diversified portfolio enables it to offer India a stable supply of cleaner and competitive energy. India emerged as the world's fourth-largest LN

Deepak Fertilisers inks pact with Petronet LNG for regasification

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Thursday entered into a long-term pact with Petronet LNG Ltd for regasification of Liquefied Natural Gas (LNG). DFPCL, along with its step-down subsidiary Performance Chemiserve Ltd (PCL), have entered into the agreement for a period of five years. Under the terms of the agreement, Petronet LNG will regasify approximately 25 TBTUs (Trillion British Thermal Units) of LNG annually, post an initial ramp-up period, primarily at its Dahej terminal, DFPCL said in a regulatory filing. The regasified gas will be primarily supplied to the company and PCL's manufacturing facilities units at Taloja, Mumbai, for internal consumption, it said. With the last mile regasification contract, the company will be uniquely placed to deliver a value chain right from gas to Ammonia to Building Block Nitric Acid, taking it right up to the downstream final products such as NPK fertilisers, industrial chemicals and mining chemicals.

Repurpose LNG infra to make ports GH2 export hubs, say ports body

Report calls for establishing common user infrastructure for quickly setting up green hydrogen facilities

Fossil to future: ONGC charts a bold path; pivots to LNG, renewables

As oil loses ground and an era of energy transition dawns, ONGC, India's flagship producer, has accelerated plans for renewables, biofuels, and nuclear ventures

ONGC set to foray into imported liquefied natural gas business by Q4FY26

Eyes Henry Hub and West Asia for spot deals, plans to cater to city gas sector

Mahanagar Gas top pick among CGDs, Gujarat Gas least preferred: Nomura

Nomura has maintained a 'Reduce' rating on Gujarat Gas Ltd (GGL), citing intense competition in the I&C space, subdued volume growth prospects, and constrained pricing power.

TotalEnergies plans to boost LNG sales from US to India, says CEO

French energy giant TotalEnergies said it plans to increase LNG sales from the US to India and has invested about USD 5 billion in India over the past five years. TotalEnergies Chairman and Chief Executive Officer Patrick Pouyanne also informed that the company has invested a lot in solar and wind in India, particularly with Adani. "Future plans are to continue to develop energy business, of course, to sell more LNG, in particular, from the US. We are the largest US LNG energy exporter...so we can bring more. We also have a big venture in Mozambique with Indian companies. We will intend to restart very soon to provide energy to India. So, that's also a plan. "And then on the renewable side, we continue to support the expansion of Adani Green, which has already a 14 Gigawatt of capacity. So, we will continue to support this growth," he told reporters here after meeting Commerce and Industry Minister Piyush Goyal on June 1. He was replying to a question on what are the company's futu

LNG regulations drive up costs, defer India's gas economy ambitions

Experts question need for Petroleum & Natural Gas Regulatory Board to mandate registration of LNG import terminals

Oil regulator mandates LNG terminal registration, scraps carrier rule

The oil regulator has made it mandatory for companies planning to establish new liquefied natural gas (LNG) import terminals or expand existing ones to obtain prior approval, but dropped the requirement to reserve a portion of the terminal capacity for third-party access. The Petroleum and Natural Gas Regulatory Board (PNGRB) has notified Registration for Establishing and Operating Liquefied Natural Gas Terminals Regulations, 2025. "These regulations lay down a robust framework focused on registration and oversight of LNG terminals, (and) promotion of competition among entities and prevention of infructuous investments," the regulator said, adding that the rules are a step in alignment with India's vision of increasing the share of natural gas to 15 per cent in the energy mix by 2030. The norms also seek to ensure equitable and adequate natural gas availability across the country, protection of consumer interests through improved access and supply reliability, and facilitate ...