Page 10 - Natural Gas

Torrent begins pilot project for blending green hydrogen with natural gas

Torrent Power on Monday said it is working on a pilot project for blending green hydrogen with natural gas in the city gas distribution (CGD) network. The pilot project underway in Gorakhpur, Uttar Pradesh, is expected to complete in 8 months, the company said in a statement. "Torrent Power is implementing a green hydrogen pilot project for blending in the CGD network. The pilot project based on alkaline electrolyser will blend 2.5 per cent green hydrogen (GH2) into CGD network, marking an important milestone in the company's foray into GH2 business in India," it said. GH2 is produced using electrolysis of water powered by renewable sources. Its blending with the existing natural gas supply allows for a gradual transition towards a cleaner and more sustainable energy mix. Torrent Power is one of the largest companies in the country's power sector, with a presence across the entire power value chain -- generation, transmission and distribution.

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China goes on natural gas buying spree like there's still an energy crisis

The government continues to back efforts by state-owned buyers to sign long-term contracts and even invest in export facilities, in order to bolster energy security through the middle of the century

Adani-Total Gas to invest Rs 20k cr in 8-10 yrs to expand retail CNG line

Adani Total Gas Ltd, the joint venture of billionaire Gautam Adani's group and French energy giant TotalEnergies, will invest Rs 18,000 crore to Rs 20,000 crore in the next 8 to 10 years to expand infrastructure for retailing CNG to automobiles and piping gas to households and industries, its CFO said. The company retails CNG to automobiles and pipes gas to household kitchens for cooking purposes in 52 licences that cover 124 districts of the country. It has 460 CNG stations in the country and about 7 lakh consumers of its piped cooking gas. It is looking to expand its network of CNG stations as well as pipeline network that takes the gas to household kitchens and industries, to tap into the country's growing appetite for cleaner fuel. In the company's latest annual report, Adani Total Gas Ltd (ATGL) chief financial officer Parag Parikh said the company invested over Rs 1,150 crore in 2022-23 (April 2022 to March 2023) for creating additional infrastructure. "From a long-term ...

G7 nations agree to short-term gas investments amid Russia-Ukraine war

The G7 leaders on Saturday agreed to stronger language on short-term gas investments in the context of Russia's ongoing war against Ukraine and the resulting energy crisis

ONGC discovers crude oil, natural gas in in two blocks in Mumbai offshore

State-owned Oil and Natural Gas Corporation (ONGC) has discovered crude oil and natural gas in two blocks in Mumbai offshore, the company said on Thursday without giving details of reserves found. The discoveries, which have been named 'Amrit' and 'Moonga', were made in the blocks that the company won in recent open acreage licensing rounds. In a statement, the firm said it "has made discoveries of oil and gas in MBS171HAA-1 (Amrit) in OALP (Open Acreage Licensing Policy) block MB-OSHP-2017/1 in Mumbai Offshore (SW) on the Arabian Sea." "There is another remarkable discovery in MBS182HDA-1(MBS182HDA-A) named 'Moonga' in OALP exploration Block in Mumbai Offshore." ONGC said a detailed assessment of the discoveries was in progress. "With these discoveries, ONGC continues its impressive streak in the OALP blocks by making new discoveries in consecutive years," it said. ONGC Director (Exploration) Sushma Rawat said that with these notable findings in the OALP-I and OALP-III rounds, O

Weekly storage of natural gas in US increases to 2,063 bn cubic feet: EIA

The total working gas storage rose by 32.6 per cent from this time last year, or up 19.8 per cent above the five-year average

Q4 results: Adani Total Gas logs 21% rise in net profit over CNG sales

The company has pushed for an aggressive expansion of CNG stations at a time when piped natural gas volumes have dropped

Domestic natural gas prices for May notified; no impact on end consumers

Prices capped at $6.5 per MMBtu under new regime based on Kirit Parikh committee recommendations

OIL, AGCL to form joint-venture for piped natural gas distribution

The Assam Gas Company Limited (AGCL) and Oil India Limited (OIL) on Saturday signed an agreement for the establishment of a joint venture company to lay, build and operate city natural gas distribution networks in parts of Assam and Tripura. The agreement was signed between the two sides at a ceremony here in the presence of Assam Chief Minister Himanta Biswa Sarma, an official statement said. The Assam government-owned AGCL will have 51 per cent stake, while the OIL will hold the remaining 49 per cent share in the joint venture company. It will build local natural gas grids and provide piped natural gas to domestic and commercial establishments in Lakhimpur, Dhemaji, Darrang, Udalguri, Sonitpur and Biswanath Chariali in Assam, and a few districts of Tripura. The company will also set up numerous compressed natural gas (CNG) stations, the statement said. Speaking at the event, Sarma said the signing of the agreement between AGCL and OIL would provide a major thrust to the ongoing

Drop the 'natural' in natural gas: Climate activists urge US officials

The Federal Trade Commission has said the Green Guides are based on how consumers reasonably interpret claims, not technical or scientific definitions

Centre sticking to target of 5,000 compressed biogas plants by FY25

Announced in 2018, SATAT scheme has been able to establish only 46 CBG plants until now

Turkey starts delivery of natural gas from Black Sea field to cut imports

Turkey has started the delivery of natural gas from its Black Sea field, as part of its flagship project aiming at reducing the country's dependence on energy imports.

Natural gas faces hurdle at Rs 195; can rally up to 33% thereafter

In case, the MCX Natural Gas futures manages to conquer the Rs 195 hurdle, a sharp rally towards Rs 260 - 300 seems likely.

Iran may consider extension of natural gas pipeline from Oman to India

Iran may consider an extension of the sub-sea natural gas pipeline from Oman to India, its Deputy Foreign Minister for Economic Relation Mehdi Safari said in a statement on Friday. "Already, Iran is building this natural gas pipeline to Oman, which can be extended to India up to Porbandhar," Safari said while speaking at an interactive meeting organised by MVIRDC World Trade Center Mumbai on Thursday evening, it added. The deputy foreign minister was in Mumbai to promote the 'Iran Expo 2023' to be held from May 7-10 this year in Tehran and explore trade and investment collaborations across 11 major categories, MVIRDC World Trade Center Mumbai said in the release. Despite economic sanctions, India is among the top five trade partners of Iran, and both countries are strategic partners, the statement quoted the deputy foreign minister as saying. "Our export to India has grown 60 per cent in 2022, and in the last two months, it has grown 90 per cent. This implies diversification of tra

NSE to introduce WTI crude oil, natural gas futures contracts from May 15

National Stock Exchange (NSE) on Friday said it will launch futures contracts on underlying WTI crude oil and natural gas in the commodity derivatives segment from May 15. This comes after the exchange, last month, received approval from markets regulator Sebi to launch the rupee-denominated Nymex WTI crude oil and natural gas futures contracts in its commodity derivatives segment. These contracts will expand NSE's product offering in the energy basket and its overall commodity segment. Experts believe that these contracts would provide the market participants with an efficient avenue to hedge their price risk. "Futures contracts on underlying WTI crude oil and natural gas (Henry Hub) would be available for trading in commodity derivatives segment with effect from May 15, 2023," NSE said in a circular. In February, NSE signed a data licensing agreement with CME Group. The pact allows the bourse to list, trade and settle rupee-denominated WTI crude oil and natural gas derivatives .

Revised gas pricing formula to aid profit stability for producers: Fitch

The government's decision to limit prices of domestic natural gas from legacy fields to between USD 4-6.5 per million British Thermal Unit (mmbtu) will support margins for city gas distributors, encourage the use of gas, and reduce cash flow volatility for upstream producers, Fitch Ratings said on Wednesday. "We expect a partial pass-through of the lower administered price mechanism (APM) gas prices, at which domestic upstream producers supply gas to city gas distributors, in the prices of compressed natural gas (CNG) and domestic piped natural gas (PNG) to add to the distributors' margins in the near term," it said in a statement. City gas retailers like Indraprastha Gas Ltd and Adani Total Gas Ltd last weekend announced Rs 6-8 cut in CNG and PNG prices, reflecting the cut in input gas prices. The APM price under the new regime was calculated at USD 7.92, but is capped at USD 6.5 for the rest of April, 24 per cent below levels in October 2022-March 2023. "We expect such price cuts

Adani Gas reduces prices of CNG by Rs 8.13/kg, PNG by Rs 5.06/scm

ATGL also announced a reduction in PNG prices for Industrial and Commercial Consumers by Rs 3.0 per scm its geographical areas (GAs)

Govt imposes gas price caps: Here is how the prices of PNG, CNG will change

With these changes, the data of Indian crude basket price from the previous month would form the basis for APM gas price determination

Gas sector confident of smooth transition as it awaits new pricing rules

Officials said existing APM gas prices have been left broadly unchanged till Sept 31 as a temporary arrangement