Page 2 - Natural Gas

Govt cuts cheaper APM gas supply to CNG retailers IGL, MGL, Adani Total Gas

The government has cut the supply of lower-cost APM gas to city gas distributors such as Indraprastha Gas Ltd, Mahanagar Gas Ltd, and Adani Total Gas Ltd, by up to 20 per cent, replacing the shortfall with more expensive fuel. GAIL (India) Ltd, the state-owned nodal agency for gas supply, has intimated about a cut in supply of gas from legacy fields, called Administered Price Mechanism (APM) gas, the three city retailers said in separate stock exchange filings. The production of APM gas, which is currently priced at USD 6.75 per million British thermal unit, is declining at the rate of 9-10 per cent annually as recovery from old and ageing fields falls. Oil and Natural Gas Corporation (ONGC) is investing in drilling more wells to maintain the output, but that additional cost is reflected in a higher price of the gas thus produced. Such gas is called new well gas and is priced at about USD 8 per mmBtu. In the last one year, APM gas supplies to city gas retailers have been cut by alm

Govt plans cheap gas lifeline for LNG trucks; aims to revive closed outlets

Indian Oil, the largest operator of LNG truck outlets, has shut five of its six outlets for lack of business, with only one in Sriperumbudur, an industrial area outside Chennai, still operational

India's natural gas consumption to rise 60% by 2030: Oil regulator PNGRB

India's natural gas consumption is likely to rise by close to 60 per cent by 2030 on the back of rise in usage of the fuel as CNG in automobiles and for cooking and industrial purposes, according to a study by oil regulator PNGRB. Consumption of natural gas, which is used to produce electricity, make fertilizer or turned into CNG for running automobiles and piped to household kitchens for cooking, is expected to rise from 188 million standard cubic metres per day in 2023-24 to 297 mmscmd by 2030 under 'Good-to-Go' scenario which assumes moderate growth and developments based on current trends and commitments, the study by Petroleum and Natural Gas Regulatory Board (PNGRB) said. It is projected to rise to 496 mmscmd by 2040 under the same scenario. Under the 'Good to Best' scenario that considers accelerated progress, favourable policy implementation, and enhanced investments leading to higher-than expected growth, consumption could rise to 365 mmscmd by 2030 and 630 mmscmd by 2040.

Qatar to supply natural gas to Syria to increase electricity supply

Qatar will provide natural gas supplies to Syria with the aim of generating 400 megawatts of electricity a day, in a measure to help address the war-battered country's severe electricity shortages, Syrian state-run news agency SANA reported Friday. Syria's interim Minister of Electricity Omar Shaqrouq said the Qatari supplies are expected to increase the daily state-provided electricity supply from two to four hours per day. Under the deal, Qatar will send 2 million cubic meters of natural gas a day to the Deir Ali power station, south of Damascus, via a pipeline passing through Jordan. Qatar's state-run news agency said that the initiative was part of an agreement between the Qatar Fund for Development and the Ministry of Energy and Mineral Resources of Jordan in collaboration with the United Nations Development Program and aims to address the country's severe shortage in electricity production and enhance its infrastructure. Syria's economy and infrastructure, including electrici

Kerala Governor backs CM Vijayan in presenting state's demands to Centre

The Governor further emphasised that everyone should work together to achieve their goals 'without politicising' the issues

Public sector oil, gas companies weigh term pacts; no formal talks yet

US push to sell more energy to India coincides with stable global crude, LNG prices

Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth

Demand for natural gas continues to rise globally as the world transitions to cleaner fuels

Achieving 15% gas in energy mix to require policy changes: Shell's Tripathy

While Shell is planning a major initiative to re-refine waste oil in its core business of lubricants, it is also adapting cutting-edge AI to enable efficiency and run complex energy simulations

Statsguru: Natural gas targets remain blurry as 2030 goal seems unlikely

Owing to the global energy crisis of 2022 and the consequent price increase, the share of natural gas imports in gross energy imports fell from 7.51 per cent in 2020-21 to 5.43 per cent in 2022-23

ONGC seeks joint venture partners to foray into ethane carrier business

ONGC is seeking partnership with companies with experience in the operation and management of VLECs, very large gas carriers and liquefied natural gas carriers in the global market

Qatari Amir's visit comes even as India's natural gas usage falls

Besides, the US has also offered to sell India natural gas, a move that would certainly cut into current supplies from the West Asian nation

Good times are ahead: Hardeep Singh Puri on natural gas availability

Puri said India's investments in Mozambique and Russia assets hold major potential

Natural gas, nuclear energy get renewed push from Trump-Modi trade talks

In a joint statement, PM Narendra Modi and US President Donald Trump reaffirmed their commitment to increase energy trade

India's natural gas consumption to rise 60%, imports double by 2030: IEA

Expanding city gas distribution, rising compressed natural gas infrastructure behind rise

PM Modi's gas goals hampered by country's $67 billion infrastructure gap

India aims to more than double the share of gas in its energy mix to 15 per cent by 2030, but for about a decade the share has remained static at less than half that level

Monthly natural gas trades shoot up nearly 4x in January, says IGX

Rising global prices, cut in APM gas allocation behind higher trades

Gail Q3 results: Consolidated net profit up 27.7% to Rs 4,081 crore

One-time exceptional gain of Rs. 2440 crores from international arbitration boosts revenue

Petronet LNG Q3FY25 results: Net profit rises 25.6% to Rs 901 crore

Petronet to supply 150 ISO containers of natural gas to Sri Lankan port

'India's gain lies in Donald Trump's peace deals in Gaza, Ukraine'

The expansion in US LNG capacity could lead to a global oversupply by the decade's end, potentially lowering prices

Europe threatens to trigger a global scramble for natural gas supplies

While Europe has enough gas reserves to get through this winter and prices have eased since the start of the year, inventories are being eroded by cold weather