Natural Gas

Coal gasification projects of over 22 MT capacity under implementation

Coal gasification projects with a combined capacity of 22.6 MTPA are operational or under implementation, with a new Rs 37,500 crore scheme aimed at accelerating capacity addition.

Reliance-BP's KG-D6 gas output falls 7% in June quarter as decline persists

Natural gas production at the KG-D6 fields operated by Reliance Industries Ltd and BP Plc fell nearly 7 per cent year-on-year in the June quarter, as the natural decline that began in mid-2025 continues. In an April-June quarter earnings presentation at analyst call, Reliance said gas output in Q1 averaged 24.8 million standard cubic meters per day, down from 26.6 mmscmd in April-June 2025. The output was lower than 25.2 mmscmd in the preceding January-March quarter. Production from the second-wave of discoveries in the KG-D6 block peaked in January-March 2024 to 30.6 mmscmd but has since been on the decline. Output has since fallen by 19 per cent. Reliance did not immediately provide additional details on production volumes or a timeline for arresting the decline. At the analyst call, a company official said, "In KG-D6, whilst there is a natural decline, it's lower than what we had expected, so we have a plan to offset this natural decline, which I'll talk about shortly." As th

Govt withdraws emergency gas curbs as LNG supplies normalise after crisis

The government has withdrawn most provisions of the emergency natural gas supply regulation order imposed during the West Asia conflict after liquefied natural gas (LNG) shipments through the Strait of Hormuz resumed following a ceasefire. In a notification issued on Saturday, the Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026, omitting key operational provisions, which led to all domestically produced natural gas and imported LNG to be sold as per a new priority customer list drawn by the government. The original order, issued on March 9 under the Essential Commodities Act, was brought in after the conflict in West Asia disrupted LNG shipments through the Strait of Hormuz, with suppliers invoking force majeure and diverting cargoes to priority consumers. The ministry said the situation has since improved, with a ceasefire in place, negotiations underway and maritime traffic through the Strait of Hormuz resuming. The gas supply curbs w

Higher gas costs may keep city gas distribution margins under pressure

Rising LNG costs and supply uncertainties are squeezing CGD margins, even as strong CNG demand helps sustain volume growth across key markets

Royalty rate cuts aim to reduce costs, boost oil and gas exploration

While lower royalties are expected to improve project viability and attract investment, concerns remain over poor prospectivity data, limited discoveries, and competition from more attractive regions

Oil India reports second presence of natural gas in Andaman Offshore

Oil India Limited has reported a second natural gas presence in its Andaman offshore block, strengthening prospects for future hydrocarbon exploration in the region

Indian power firms boost gas purchases to meet night-time cooling demand

Large swathes of India have suffered from blistering heat waves this summer, with sweltering temperatures around-the-clock pushing peak electricity demand to new highs

Govt finalising new policy for coal gasification-based urea manufacturing

The government is in the process of finalising a new policy for coal gasification-based urea manufacturing and will be ready within a month, an official said, highlighting that the move will boost self-reliance and save foreign exchange, given the country's heavy dependence on imported natural gas, an official said. Speaking during a roadshow here to promote the government's coal gasification scheme, an official said, "We are in the process of making our new policy for coal gasification-based urea manufacturing and are reaching towards that and within one month we will be ready for that." "Since it is assured government business and we are highly dependent upon natural gases and as 25 per cent is imported from various countries that will be more beneficial for us in terms of self-reliance and foreign exchequer," he said. Coal Secretary Vikram Dev Dutt said the Ministry of Chemicals and Fertilisers has been working on the new urea policy for sometime, which has now been triggered wit

ONGC says gas to drive revenue growth; ₹33,000 crore projects underway

New well gas constituted 17 per cent of production and 21 per cent of revenue in FY26 from ONGC nomination gas portfolio

Centre restores 97% gas supplies to fertiliser units amid West Asia crisis

Not only that, through strategic global tendering outside the Strait of Hormuz, India has successfully secured supplies of around 2.5 million tonnes of urea to meet peak kharif demand

CNG prices raised again as IGL hikes rates for second time in two days

The latest Re 1 per kg hike by IGL took CNG prices to Rs 80.09 per kg in Delhi, even as the company said the rise only marginally offsets higher input costs

West Asia conflict highlights need for India to build natural gas reserves

Rising import dependence and supply disruptions amid West Asia tensions underscore the urgency for India to build strategic natural gas reserves and strengthen LNG storage capacity

Task force suggests measures to boost PNG penetration, reform CGD sector

Panel suggests policy and operational reforms to boost PNG connections, streamline LPG transition, and strengthen city gas distribution ecosystem amid energy disruptions

Task force suggests measures to boost PNG penetration, reform CGD sector

It has pitched for rolling out 60 lakh new PNG connections by June, states mandating PNG in all new buildings and reduction on Value Added Tax on PNG

Chhattisgarh approves urban gas distribution policy 2026 for PNG rollout

Chhattisgarh has approved a new urban gas policy to expand piped natural gas access, boost clean energy adoption, and strengthen city gas infrastructure across urban centres

Best of BS Opinion: India's FTA with New Zealand shows agile deal-making

From India's FTA strategy and Sun Pharma's global ambitions to LPG shortages, West Asia risks and Asean ties, here are the key insights from today's Opinion page

NSE sells 1% stake in Indian Gas Exchange to comply with regulatory norm

The National Stock Exchange (NSE) has offloaded around 1 per cent stake in Indian Gas Exchange (IGX), the country's first online delivery-based trading platform for natural gas, to comply with regulatory requirements, sources said on Monday. The stake sale is part of NSE's effort to align with Petroleum and Natural Gas Regulatory Board (PNGRB) norms, which mandate that no single entity holds more than 25 per cent in the exchange. IGX operates an electronic trading platform for natural gas, offering spot, forward and delivery-based contracts. Following the latest dilution, NSE's shareholding in IGX has come down to 25 per cent. Notably, the exchange had acquired a 26 per cent stake in IGX for over Rs 19 crore in March 2021 to become a co-promoter, after securing approvals from PNGRB. Earlier this month,NSE partnered with IGX to introduce exchange-traded derivatives based on domestic natural gas prices.As part of the collaboration, NSE will launch natural gas futures contracts linke

West Asia crisis: 527,000 PNG connections gasified since March, says govt

More than 42,000 PNG consumers have surrendered their liquefied petroleum gas (LPG) connections till April 23

Govt panel seeks excise duty removal on CNG, GST inclusion for gas boost

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

PNGRB extends national PNG drive till June, boosts compliance measures

Regulator extends PNG drive till June 2026 to accelerate CGD rollout and meet rising demand amid LPG supply concerns and push for cleaner energy adoption