Page 3 - Natural Gas

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

Indian Gas Exchange seeks approval to launch 3-6 month gas contracts

The Indian Gas Exchange (IGX) has sought regulatory approvals to launch 3-6 month gas contracts benchmarked to international gas prices, its chief executive Rajesh Kumar Mediratta said. IGX currently allows gas suppliers to sell the fuel on the exchange for durations ranging from daily, weekly, fortnightly and monthly. It also offers intraday trading at a fixed price. Mediratta said the exchange has applied to the regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), for permission to launch three-month and six-month delivery contracts indexed to gas benchmarks such as FIXI and Platts JKM, WIM and Dated Brent. "We are awaiting a clearance from PNGRB," he said. The new long-duration contracts will have a payment cycle of a fortnight compared to the current system of payments being made in 2-3 days after delivery. Also, IGX is looking to introduce green certificates for trading, he said, as the government looks to make the usage of 1 per cent compressed biogas (CBG) mandato

IGX hopeful of receiving regulatory approval for multi-month contracts: CEO

MoU inked with Central European Gas Hub for collaboration in trading of natural gas, hydrogen, and biomethane

Govt cuts natural gas quota for LPG production, diverts to city retailers

The government has slashed allocation of natural gas used for LPG production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet a part of their requirement for CNG/piped cooking gas supplies, according an official order. The government had in October and November last year cut supplies of low-priced natural gas coming from old fields such as Mumbai High and Bassein fields in the Bay of Bengal, to city gas retailers by as much as 40 per cent in view of limited output. This led to city gas retailers hiking CNG prices by Rs 2-3 per kg and threatening more increases as they replaced lost volumes with higher-priced input fuel. The price hike made CNG less attractive when compared to alternate fuels like diesel. To resolve this, the Ministry of Petroleum and Natural Gas in a December 31 order rejigged some allocations of gas produced from below ground and undersea. The ministry ordered a cut in gas supplied to state-owned GAI

Asian LNG prices set to increase after Russia-Ukraine transit ends

Ukraine hopes increased supply of gas from the US and other producers to Europe will make prices more comfortable

Europe's Russian gas era comes to an end as Ukraine transit stops

Russia's oldest gas export route to Europe - a pipeline dating back to Soviet days - was set to shut at the end of 2024, as a five-year transit deal between Russia and Ukraine expires

What happens if Russian gas transit to Europe via Ukraine is turned off?

Putin said that day that it was clear there would be no new deal with Kyiv to send Russian gas through Ukraine to Europe

Iran's regime in 'dire straits' as it faces energy crisis due to sanctions

Industries are forced to shut down due to the grim situation

High costs, boiloff issues challenge India's LNG trucking expansion

It has been 17 months since Indian Oil's Sriperumbudur outlet began operations but it receives no more than five to 20 trucks a day, for sales of around 80 tonnes of LNG a month

Venture Global's Plaquemines plant to produce first LNG in few days

Having sales contracts in place for the LNG plant aided Venture Global's financing efforts for the new facility

Key infra sectors' growth drops to 3.1% in Oct from 12.7% last year

The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth

Blackstone to buy stakes in natgas producer EQT's pipelines for $3.5 bn

The Pittsburgh-based company had a net debt $13.6 billion as of Sept. 30. EQT said in July it planned to cut its debt load by $5 billion through cash it generated from operations and asset sales

Vedanta Aluminium inks pact with Gail for natural gas supply at Odisha unit

Vedanta Aluminium on Wednesday said it has entered into a pact with state-owned gas utility GAIL (India) Ltd for supply of natural gas to its smelter at Jharsuguda in Odisha. The country's leading aluminium producer has entered into gas sales agreement with GAIL Gas Ltd, a subsidiary of GAIL (India) Ltd. This transition to natural gas, likely to be operational by the end of next year, will lower the carbon footprint, reduce emissions by an estimated 47,292 tonnes of CO2 equivalent annually, Vedanta Aluminium said in a statement. Vedanta is committed to achieving net zero emissions by 2050, by implementing a dual strategy that includes increasing renewable energy usage while also creating carbon sinks through afforestation efforts, it said. "Our partnership with GAIL Gas Ltd is a testament to our commitment to reducing carbon emissions and embracing cleaner energy solutions," Priya Agarwal Hebbar, Non-executive Director at Vedanta and Chairperson of Hindustan Zinc Ltd, said. GAIL G