Natural Gas

ONGC Q2 profit up 57% as higher oil, gas prices offset decline in output

Revenue from operations rises to ₹43,875 crore in Q2FY27, while first-half profit nearly doubles year-on-year

Gail's net profit zooms two-fold to ₹4,724 crore on robust volumes

GAIL's Q2 net profit jumps 138% to ₹4,724 crore, supported by strong gas transmission and marketing volumes; board approves plans to list subsidiary GAIL Gas through an IPO

India's diesel export boom set to ease global fuel shortages in 2027

New refining capacity will boost diesel supplies from India, helping ease global shortages as geopolitical conflicts disrupt fuel flows

Datanomics: Three key industries fare poorly in new core sector series

India's core sector output grew 7.9% in September, but crude oil, natural gas and fertilisers continued to lag, with all three recording negative Y-o-Y growth in the first half of FY27.

Oil India discovers natural gas in KG Basin's shallow offshore waters

The discovery at the Godavari-1 well in the Matsyapuri formation recorded natural gas flow of up to 2 lakh standard cubic metres per day during continuous testing

Petronet LNG, Gruner Renewable form JV to invest ₹1,200 crore in CBG plants

The 50:50 joint venture plans to develop 10 compressed biogas plants across India, with a combined capacity of 180 tonnes per day, strengthening Petronet LNG's renewable-gas presence

Welspun Corp bags ₹5,500 crore US pipeline order, order book hits record

The order will be executed in FY29 and involves supplying coated line pipes for a natural gas pipeline serving a data centre complex

Oil India discovers natural gas in shallow Krishna-Godavari waters

State-owned Oil India Ltd. (OIL) on Friday said it has made a natural gas discovery in a shallow-water Krishna Godavari basin block that the firm had won in recent Discovered Small Field (DSF) bid rounds. The discovery was made in the previously unappraised Matsyapuri formation in the Krishna-Godavari Basin off India's east coast, recording a peak test flow of 200,000 Standard Cubic Metres Per Day (SCMD), the state-run explorer said in a statement. The discovery was made in the Godavari-1 appraisal well in the KG-DSF/GSKW/2018 shallow-water offshore block, where testing of a hydrocarbon-bearing zone at a depth of 2,024-2,027 metres began on October 16, 2026, OIL said. The well has flowed gas at about 100,000 SCMD, with a maximum rate of 200,000 SCMD recorded during continuous testing. The company also reported condensate output of about 170 barrels per day. Preparations are under way to test the next higher zone, OIL said without giving any assessment of the potential resource the

IGX receives regulator's approval for LNG capacity booking platform

The platform will allow LNG terminal operators to list unused regasification capacity and enable buyers to book available slots, improving transparency and infrastructure utilisation

PNGRB clears IGX platform to book unused LNG regasification capacity

Oil and gas regulator PNGRB has approved a proposal by the Indian Gas Exchange (IGX) to introduce a platform for listing and booking unutilised liquefied natural gas (LNG) regasification capacity, in a move aimed at improving infrastructure utilisation and widening access to the country's gas market. The Petroleum and Natural Gas Regulatory Board (PNGRB) said the voluntary platform would allow LNG terminal operators and capacity holders to list unused capacity, enabling prospective users to identify and book available slots according to their requirements. The initiative comes as several LNG terminals report low capacity utilisation, leaving scope to attract additional cargoes by offering unused regasification capacity at competitive charges. Regasification is the process of converting LNG, transported in liquid form, back into gas for supply through pipelines. The platform is expected to improve price discovery for regasification services by providing a transparent mechanism throug

PNGRB proposes up to 5% hydrogen blending in domestic piped natural gas

The regulator's draft guidelines cap hydrogen blending in domestic piped natural gas at 5 per cent, with strict requirements for safety, gas quality, billing and consumer protection

Govt raises deepwater gas price ceiling to $9.89 per MMBtu, APM cap at $7

The government has raised the ceiling price for natural gas produced from difficult fields such as the KG-D6 block of Reliance Industries and BP to USD 9.89 per million British thermal units (MMBtu) for the six months beginning October 1, from USD 8.90 previously, while keeping the ceiling for gas produced from the legacy fields of state-run ONGC and Oil India Ltd at USD 7 per MMBtu. The new ceiling for gas from deepwater, ultra-deepwater and high-pressure, high-temperature discoveries is applicable for the period October 1, 2026 to March 31, 2027, according to a notification by the Petroleum Planning and Analysis Cell of the oil ministry. Gas produced from such difficult areas enjoys marketing and pricing freedom under the government's policy, but is subject to a government-notified ceiling. The higher ceiling could provide some relief to producers developing India's more technically challenging offshore gas resources, where production costs are generally higher than those from ...

Rajiv Gauba calls for energy reforms, stronger regulation to boost security

The Niti Aayog member urged faster domestic exploration, a stronger gas value chain and regulatory reforms that keep pace with new technologies while protecting consumers

BP Plc appoints Ian Tyler chairman after unexpected ouster of predecessor

Tyler, who was previously chair of Cairn Energy Plc, currently holds that position at Grafton Group Plc and is also senior independent director of Anglo American Plc

Ladakh cuts VAT on natural gas to 5% to boost clean energy adoption

Ladakh Lieutenant Governor Vinai Kumar Saxena on Thursday announced a significant reduction in value-added tax (VAT) on natural gas, including CNG and PNG, from 21 per cent to 5 per cent to promote affordable clean energy and improve ease of living for people in the Union Territory. Saxena said the move would give a major boost to the Centre's larger plan to roll out the city gas distribution (CGD) network to provide affordable piped gas to households across Ladakh. "Glad to share that the UT of Ladakh has significantly reduced VAT on Natural Gas (CNG & PNG) from 21 per cent to just 5 per cent, a major step towards promoting affordable clean energy and improving the ease of living for the people of Ladakh," LG said on X. The VAT reduction would also help offset the high cost of transporting energy due to Ladakh's difficult terrain and extreme climatic conditions, besides encouraging consumers to adopt cleaner fuels, he said. "This brings Ladakh at par with states like Gujarat, ...

PNGRB approves 1,800 km LPG pipeline network worth Rs 7,000 crore

Oil sector regulator has authorised the development of nearly 1,800 km of new LPG pipelines at an estimated investment of Rs 7,000 crore, expanding the country's common-carrier LPG pipeline network by almost a quarter as it seeks to make fuel supplies more resilient and reduce dependence on road transport. The Petroleum and Natural Gas Regulatory Board (PNGRB) has approved three strategically important LPG pipeline projects across Telangana, Maharashtra, Uttar Pradesh, Uttarakhand, Karnataka and Goa, the regulator said in a statement. The projects, to be developed by state-run GAIL (India) Ltd, will take the PNGRB-authorised common-carrier LPG pipeline network from about 7,700 km to nearly 9,500 km, an increase of around 23.5 per cent. The expansion comes as India relies heavily on imported LPG, with bulk supplies arriving at coastal import terminals and then being transported to consumption centres across the country. A larger pipeline network is expected to improve the efficiency

Govt offers cheaper gas to CGD firms to accelerate household PNG rollout

Eligible CGD companies will receive an additional 200 SCM of lower-priced domestic APM gas for every incremental billed PNG connection above the specified threshold

Cyprus to supply natural gas to Europe by 2028 as EU seeks new sources

European consumers can expect natural gas from an undersea deposit off Cyprus to help meet their energy needs as early as March 2028, the island nation's energy minister said. Michael Damianos said the East Mediterranean is fast becoming an alternative energy source for European nations as Russia's war in Ukraine and upheaval in the Middle East compel the continent to seek out new sources. Damianos said partners TotalEnergies of France and Italy's Eni made a final decision last month to proceed with developing the Cronos natural gas field off Cyprus' southern coast. The project will be the first time gas from east Mediterranean deposits is supplied to European markets. "It's important for Europe at this time because of the war in Ukraine, because of this situation in the Middle East, that Cyprus is going to be an alternative source of gas," Damianos told The Associated Press in an exclusive interview Friday. According to the Eni-TotalEnergies consortium timetable, work on a pipelin

Reforms, infra key to India's next phase of gas demand growth: Report

India's long-term natural gas growth will depend not only on expanding LNG import capacity but also on accelerating investment in transmission and distribution infrastructure, gas-intensive industries, and reforms to market design, regulation and pricing, according to a new report of International Gas Union (IGU). While India has significantly expanded regasification terminal capacity, the pace of investment in midstream infrastructure has lagged, limiting the country's ability to increase gas consumption. The report argues that reforms to pricing mechanisms and market access will be essential to support sustained growth in gas demand. "The Strait of Hormuz crisis has underlined several import dependencies for India, particularly in gas supply chains. India's heavy reliance on Gulf-sourced LPGs and LNG, where Qatari exports are the primary source of supply, will bring into question India's historic reliance on close geographical suppliers that have proven to be vulnerable to ...

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.