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India's natural gas demand to rise 4% in 2023: International Energy Agency

Global natural gas demand growth to slow to 1.6 % till 2026, down from 2.5%

Israel-Hamas conflict: Cloud over India-Middle East corridor project

The project was also believed to be one of the icebreakers in the relationship between the Kingdom of Saudi Arabia and Israel

GreenLine will invest Rs 200 cr for deploying LNG trucks for Hindustan Zinc

Hindustan Zinc Ltd has signed a deal to deploy GreenLine Mobility Solution Ltd's LNG-powered fleet in its supply chain and transportation operations, India's first and the only LNG-fuelled heavy trucking logistics company said on Wednesday. In a statement, GreenLine said it will invest Rs 200 crore for deploying LNG-powered trucks for Hindustan Zinc's road logistics. "Hindustan Zinc, India's largest and only integrated producer of zinc, lead and silver, has chosen GreenLine Mobility Solutions Ltd (GreenLine), a part of Essar Group and a pioneer in green mobility solutions, as its sustainable logistics partner and is set to deploy GreenLine's LNG-powered fleet in its supply chain and transportation operations," it said. LNG-powered vehicles significantly reduce emissions compared to diesel and align perfectly with the sustainability goals of both organizations. This initiative will not only reduce the carbon footprint associated with transportation but also set new industry standards

City gas distributors optimistic about long-term growth prospects

The government is looking to push up the share of natural gas to around 15 per cent in the energy mix from the current 6 per cent

Consensus at Gastech conference on developing solutions to cut carbon

Senior ministers, business leaders, and global climate specialists have reached a consensus on developing new solutions to reduce carbon emissions and accelerate climate technologies at an ongoing conference and exhibition here. The Gastech 2023 conference featured a line-up of more than 600 speakers during the four-day event from September 5-8 in the city-state. It is the largest meeting place for the global natural gas, LNG, hydrogen, low-carbon solutions, and climate technologies industries and saw 40,000 registered visitors, according to Gastech's website. Recognising that climate technology is a critical component of the world's decarbonisation efforts, Gastech's latest edition was expanded to include a dedicated Climatetech exhibition and conference programme. It brought together established energy players, policy analysts, investors, and Big Tech. "On the third day of Gastech 2023, senior ministers, business leaders, and global climate specialists reached a consensus on the

GAIL to tap spot LNG markets to meet increased demand of electricity

"We have been servicing the demand for the last one month also. Demand is already there," he said

LNG supply disruption could cause major price volatility: Wood Mackenzie

Asian liquefied natural gas (LNG) buyers are navigating a near-term market that is so finely balanced that any supply disruptions or demand upsides could cause significant price volatility, according to Mangesh Dilip Patankar, Vice President, APAC Gas and LNG Consulting at Wood Mackenzie. Speaking on the sidelines of the Gastech 2023 conference being held during September 5-8 in Singapore, Patankar said that the LNG market is at a critical juncture and the uncertain outlook has affected pricing and contract terms significantly and widened the gap between buyer and seller aspirations. "Many LNG buyers face the challenge of ensuring LNG supply security, while keeping their procurement costs competitive and contractual terms flexible," Patankar said on Tuesday. "Simultaneously, the terms in LNG SPAs (sale and purchase agreements) are also evolving as LNG trading increases." According to Wood Mackenzie Lens, Australia and Qatar will be biggest suppliers of LNG to Asia throughout 2023-20

Blue Energy Motors bags contract from CONCOR for 100 LNG-powered trucks

Green fuel truck maker Blue Energy Motors said on Tuesday it has bagged a contract from the Container Corporation of India Ltd (CONCOR) for the supply of 100 LNG-powered trucks. A Navratna PSU and leading containerized multimodal logistics services firm CONCOR plans to deploy the LNG-powered fleet of trucks at its strategic hubs to facilitate containers' first and last-mile movement, Blue Energy said in a statement. Green transportation is a part of the CONCOR's commitment to sustainability and decarbonization of its operations, as per the statement. This partnership reflects the growing importance of sustainable logistics in India and represents CONCOR's commitment to cut hazardous emissions by aligning itself with the government's larger climate change goals, it said. "This is a significant step towards providing momentum to India's green trucking revolution with our LNG-powered heavy-duty long-haul trucks. These trucks will help CONCOR establish a more sustainable and ...

GAIL to invest Rs 30,000 cr in next 3 years, scouts for LNG supplies abroad

India's top gas firm GAIL (India) Ltd plans to invest Rs 30,000 crore in the next three years as it expands petrochemical capacity and scouts for LNG supplies globally, its chairman Sandeep Kumar Gupta said on Wednesday. The nation's top gas marketing and transportation firm is looking at liquefied natural gas (LNG) as a transport fuel, joining Essar-promoted GreenLine which operates the nation's largest LNG-powered fleet of heavy commercial vehicles. Speaking at the company's annual shareholders meeting, Gupta said the firm had a Rs 10,000 crore capex in the 2022-23 fiscal (April 2022 to March 2023). "The company is growing steadily and creating infrastructure facilities across the nation. We are targeting to incur a capex Rs 30,000 Crore in the next three years, mainly on pipelines, ongoing petrochemical Projects, CGD projects, operational capex, equity contribution in group companies etc," he said. With 15,600 kilometres of pipelines under operation and about 4,200 km of pipelin

Tata Steel 1st Indian firm to use LNG powered carrier for raw material

Tata Steel became the first Indian company to use clean fuel Liquified Natural Gas (LNG) powered Capesize carriers for its raw material movement from Australia to India, the company said on Friday. In an initiative to lower the company's Scope 3 carbon footprint, the steel major imported 1,65,700 metric tons of coal from Australia's Gladstone to Dhamra port in Odisha using MV Ubuntu Unity, a cape vessel powered by clean fuel LNG. Capesize' is the largest class of cargo ship. They are called so as they cannot pass through the Panama Canal and have to go around the Cape of Good Hope to sail between the Pacific and Atlantic oceans. "In 2021, Tata Steel became the first in the Indian Steel Industry to deploy a ship powered by biofuel. We continued the decarbonation drive with seven biofuel shipments in FY23. In continuation to our sustainability drive, in FY24, we are the first to deploy an LNG powered vessel for transportation of raw materials to India," said Peeyush Gupta, the ...

ADNOC Gas agrees $7bn-$9 bn 14-year LNG agreement with IOCL: Statement

ADNOC raised about $2.5 billion in March through a sale of roughly 5% of its gas business in an IPO

Indian Oil signs long term LNG import deals with ADNOC LNG, TotalEnergies

TotalEnergies would supply 0.8 million tpy LNG to IOC under the 10 year deal, it said. TotalEnergies would supply LNG to IOC from its global portfolio

Results preview: OMCs to ride the low crude oil gravy train in Q1

City gas firms will see profits rise due to capped domestic prices, say analysts

Buffett's Berkshire Hathaway takes control of LNG plant with $3.3 bn deal

Berkshire Hathaway Inc. first took a stake in the one-train export plant with an annual export capacity of 5.25 million tons in 2020.

Hard to imagine gas-led economy based only on domestic supply: PNGRB Chief

The regulator for the downstream energy sector has pitched an imported gas-based regime

HPCL recieves bids to lease part of Chhara LNG terminal on west coast

HPCL aims to commission the terminal, with a planned capacity of 5 million metric tons per year (tpy) in the December quarter, K Sreenivasa Rao told reporters at an event

Top headlines: GST council meet on July 11, India Inc Q1 profit may rise

Business Standard brings you the top headlines at this hour

No company responded to crisis-hit Pakistan's offer to buy LNG cargo

Pakistan has failed to secure LNG from the spot market in its first attempt in about a year, as no supplier seems to budge to the cash-strapped nation's offer, as per Bloomberg, The News reported

India's LNG buyers set for deal-making rush in win for Modi's gas push

That should help reduce their exposure to the volatile spot market - where prices surged to a record last year and made the fuel too costly for many buyers

ADNOC Gas signs three-year LNG supply agreement with TotalEnergies

Under the terms of the agreement, through its subsidiary, ADNOC Gas will supply TotalEnergies LNG, which will be delivered to various export markets around the world