Page 2 - Natural Gas

Louisiana becomes latest US state to redefine natural gas as green energy

Louisiana is the latest state to redefine natural gas as green energy under a new law the Republican governor signed this week, even though it's a fossil fuel that emits planet-warming greenhouse gases. Three other states led by Republicans Indiana, Ohio, and Tennessee have passed similar legislation. In some Democratic-led states, there have been efforts to phase out natural gas. New York and California cities like San Francisco and Berkeley have moved to ban natural gas hookups in new buildings, though some of these policies have been successfully challenged in court. President Donald Trump has signed a spate of executive orders promoting oil, gas and coal, which all warm the planet when burned to produce electricity. The European Union previously designated natural gas and nuclear as sustainable, a move that Greenpeace and the Austrian government are suing over. Louisiana Gov Jeff Landry, a major booster of the state's petrochemical industry, says the new law "sets the tone fo

India's natural gas consumption to more than double by 2040: PNGRB study

India's natural gas consumption is likely to rise by close to 60 per cent by 2030 and more than double by 2040, 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 187 million standard cubic metres per day in 2023-24 to 297 mmscmd by 2030 under 'Good-to-Go' scenario, the study by Petroleum and Natural Gas Regulatory Board (PNGRB) said. 'Good-to-Go' scenario assumes moderate growth and developments based on current trends and commitments. Consumption of natural gas 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 growt

Govt cuts natural gas price for CNG, cooking use for first time in 2 yrs

For the first time in two years, the government has reduced the price of natural gas used for producing CNG for vehicles and cooking gas, reflecting a decline in benchmark rates. The price of natural gas from legacy fields allocated to state-owned ONGC without auction has been reduced from USD 6.75 to USD 6.41 per million British thermal units (mmBtu), according to a notification from the Oil Ministry's Petroleum Planning and Analysis Cell (PPAC). The reduction, which is the first since the government in April 2023 implemented a new formula to price such gas, will aid city gas retailers like Indraprastha Gas Ltd, Mahanagar Gas Ltd and Adani-Total Gas Ltd who had been reeling under cost pressures from rise in input cost. In April 2023, the Union Cabinet accepted an expert committee report to price on a monthly basis the gas from legacy fields, called APM gas, at 10 per cent of monthly average import price of crude oil with a floor of USD 4 and a cap of USD 6.5 per mmBtu. The cap pric

New gas project off Senegal sparks fears among local fishing communities

It's impossible to miss the gas platform off the coast of northern Senegal. Its flare stack burns day and night above the rolling breakers. The natural gas project, a joint venture between British energy giant BP and US-based Kosmos Energy, started operations on the final day of 2024. It is meant to bring jobs to the densely populated fishing community of Guet Ndar, just outside the old colonial capital of Saint Louis. The gas extraction plant, the deepest in Africa, is aimed at helping to transform Senegal's stagnant economy after the discovery just over a decade ago of oil and gas off the country's coast. The first offshore oil project also began last year. Fishermen say the project is killing their livelihoods Mariam Sow, one of the few remaining sellers in the once-thriving fish market, said the decline began in 2020 when the platform started rising from the sea. This market used to be full every day, Sow said, gesturing at the barren lot. The nearby beach is now occupied by .

'PNG rollout to 111 Delhi villages key correction in clean energy drive'

Expanding Piped Natural Gas (PNG) connections to 111 villages in Delhi's periphery is a significant step towards addressing the needs of communities left behind in India's clean cooking fuel transition, said Kalpana Balakrishnan, Director of the WHO Collaborating Centre for Occupational and Environmental Health in India. "These villages represent pockets that could not transition earlier despite economic opportunities nearby. If it were possible, they would have transitioned by now. These are households with the least socio-economic privileges, making this a crucial equity-favouring initiative, Balakrishnan told PTI, referring to the Delhi government's latest push to extend PNG supply to the rural areas. The initiative by the Delhi government in partnership with Indraprastha Gas Limited (IGL) and other city gas distribution companies aims to replace traditional biomass and LPG use with cleaner, safer, and more affordable piped gas connections. It is part of a phased plan to connect .

Govt to hold pre-emption right over oil, gas in emergency: Draft rules

The government will hold pre-emption rights over all oil and natural gas produced in the country in any event of national emergency, according to draft rules being framed under a revamped oilfields legislation. A pre-emption right (or preemptive right) is the legal right of a party - often a government or existing shareholder - to purchase or claim a product, asset, or resource before it is offered to others. The inclusion of such rights over crude oil - extracted from underground or beneath the seabed and refined into fuels like petrol and diesel - as well as natural gas, which is used for power generation, fertilizer production, CNG for vehicles, and piped cooking gas, is intended to help the government prioritize national interests and ensure public welfare during emergencies. The producer of oil and natural gas will be paid a "fair market price prevailing at the time of pre-emption", the draft rules said. Ministry of Petroleum and Natural Gas has invited comments on draft rules

Shell-Reliance-ONGC JV completes India's 1st offshore decommissioning

A joint venture of Shell, Reliance Industries Ltd and ONGC has successfully completed India's first offshore facilities decommissioning project with the safe removal of installations on the mid and south Tapti gas field in the Arabian Sea, the firms said on Monday. Once a field stops producing oil and gas, the facilities that were erected to bring out hydrocarbons from below ground or under seabed, have to be safely removed - a process called decommissioning. The Tapti field, lying 160 km north-west of Mumbai, stopped producing in 2016. Certain facilities at the mid and south Tapti fields, known as the Tapti Part A Facilities were handed over to state-owned ONGC while the remaining facilities, which included 38 wells, 5 wellhead platforms and four pipelines, known as Tapti Part B Facilities were abandoned by the joint venture. In 2017, the joint venture started preparing to decommission the Tapti field, where Shell owned 30 per cent interest, Oil and Natural Gas Corporation (ONGC) .

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