Page 13 - Natural Gas

Windfall profit taxes are pure economic populism and thus bad policy

Germany's government just became the latest to ingratiate itself with angry voters by promising a windfall tax on energy companies

What is Nord Stream 1 pipeline, and why is it critical for Europe?

Nord Stream 1 is the biggest pipeline transporting cheap natural gas between Russia and Europe via Germany

France plans pipeline from Spain to central Europe for new energy sources

France is looking into building a pipeline from the Iberian peninsula to the south of the country in a bid to open up new energy sources in the absence of natural gas from Russia

ONGC relaunches tender to sell gas from KG fields at $15/unit

Oil and Natural Gas Corporation (ONGC) has relaunched a tender to sell gas from its KG fields at a higher price of USD 15 per mmBtu as it looks to capitalise on a global surge in energy prices. The firm sought bids for the sale of 0.75 million standard cubic meters per day of gas for one year from the KG-DWN-98/2 (KG-D5) fields in the Bay of Bengal, according to the tender document. The firm asked users to quote a premium they are willing to pay over and above the reserve gas price of 14 per cent of Brent crude oil price plus USD 1 per million British thermal unit. The reserve price at the current ruling Brent oil price of USD 101 per barrel comes to more than USD 15 per mmBtu. The applicable sale price shall be lower than the gas price bid or the government-dictated ceiling rate for gas produced from deepsea fields, it said. The government fixes the price of domestically produced natural gas twice a year - the rate for gas from deepsea fields for six months beginning April 1 is U

MCX Crude Oil futures can slide to Rs 5,700-level, chart suggests

Sustained trade below Rs 6,800-level, can trigger a sharp slide in MCX Crude Oil August futures towards the 50-WMA; Meanwhile, bias for Natural Gas is positive.

Centre asks state-run firms to explore plans amid LNG supply crisis: Report

Gas supplies to India have been hit due to the ongoing Russia-Ukraine war

Oil prices head for biggest weekly climb since April on supply halts

The International Energy Agency boosted its forecast for global demand growth as soaring natural gas prices and heat waves spur demand

GAIL to double share capital; add specialty chemicals, clean energy to biz

GAIL has sought shareholder approval to increase authorised share capital of the company to Rs 10,000 cr from current Rs 5,000 cr to help raise finance for its expansion plans over the next 3-4 years

GAIL stock slips on worries of gas supply disruptions despite strong Q1

Analysts remain positive with valuations ranging from Rs 176 to Rs 197

Keeping Europe warm this winter will come down to Asia's weather amid war

The Asian countries, among the world's biggest importers of liquefied natural gas and seaborne coal, all share a peak heating demand season during the winter with Europe

Serviced turbine for Nord Stream 1 can be delivered at any time: Scholz

The turbine for the Nord Stream 1 gas pipeline, which was serviced in Canada, is ready for use and could be delivered to Russia "at any time", said German Chancellor Olaf Scholz.

Germany needs to slash gas use by more than any other EU state: Reports

Germany needs to reduce its gas consumption by more than any other European Union member state in order to achieve the bloc's agreed savings target of 15 per cent, according to an analysis

Gas supply to Germany via Nord Stream 1 flowing at reduced capacity

Natural gas deliveries from Russia to Germany via the Nord Stream 1 pipeline has been further reduced to 20 per cent of capacity, the pipeline operator said.

Spain, Portugal reject EU's proposal to limit natural gas use by 15%

The European Union's plan to reduce the bloc's natural gas use by 15 per cent to prepare for a potential cutoff by Russia this winter received sharp skepticism from the govts of Spain and Portugal

Can Europe live without Russian natural gas: What we know so far

Europe faced an energy crisis even before drama emerged about the Nord Stream 1 pipeline reopening from Russia to Germany. While natural gas started flowing again Thursday after the major pipeline shut down for 10 days of maintenance, Europe will still struggle to keep homes warm and industry humming this winter. That is because Russia has already slashed Europe's amounts of natural gas used to power factories, generate electricity and heat homes in the winter, and Russian President Vladimir Putin has warned they could keep dwindling. Deliveries through Nord Stream 1 were cut by 60% before annual repairs began and were expected to stay well below the pipeline's full capacity. Government officials had feared the pipeline may not reopen at all, saying Putin is using energy for political leverage in his confrontation with the European Union over the war in Ukraine. Here are key things to know about Europe's energy crisis: DID RUSSIA CUT OFF GAS TO EUROPE? It has reduced supplies ...

Key gas pipeline from Russia to Europe restarts after 10-day break

Natural gas started flowing through a major pipeline from Russia to Europe on Thursday after a 10-day shutdown for maintenance, the operator said

Bias for MCX Crude Oil still negative; Upside seems capped for Natural Gas

The MCX Crude Oil futures are likely to trade with a negative bias as long as the commodity trades below Rs 8,200. Whereas, Natural Gas futures face near resistance around Rs 604.

Ukraine accumulates 59.5% of natural gas needed for heating season: PM

Ukraine has accumulated 11.3 billion cubic metres of natural gas in its storage, or 59.5 per cent of the country's needs for powering its heating facilities during the cold season, Ukrainian PM said

Key support for MCX Crude Oil at Rs 7,550; Natural Gas may be range-bound

The MCX Crude Oil futures has near support at Rs 7,550, below which it can slide towards the 200-DMA. Natural Gas need to sustain above the 20-DMA to maintain its positive bias.

EU lawmakers back natural gas, nuclear energy as sustainable activities

The green labeling system from the European Commission, the EU's executive arm, defines what qualifies as an investment in sustainable energy.