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Heat will be kept on in Europe this winter, but what happens after?
World

Heat will be kept on in Europe this winter, but what happens after?

The lack of concern about energy consumption of a whole generation of Europeans ended abruptly in 2022, and everyone is mindful of where their thermostat is set. If previously natural gas was cheap and plentiful, it is now scarce and expensive

Nord Stream leaks: How will Europe manage its gas requirements?
World

Nord Stream leaks: How will Europe manage its gas requirements?

Europe plans new LNG import terminal projects all around its coasts. One industry analysis suggests that the EU's total import capacity could increase by 42 per cent by 2025

Explained: Why India purchased the most expensive LNG shipment in history
Business

Explained: Why India purchased the most expensive LNG shipment in history

GAIL India Ltd, the largest gas distributor in the country, purchased three LNG cargoes for over $40 per million British thermal units — more than double the price it paid around this time last year. The exorbitant prices come owing to the cancellation of gas deliveries due to Russia’s war in Ukrain

Explained: Europe's looming energy crisis as Russia chokes gas supply
World

Explained: Europe's looming energy crisis as Russia chokes gas supply

With the halt in the Nord Stream 1 pipeline, Russian gas shipments have fallen 89 per cent from a year ago. European officials say it's energy blackmail, aimed at pressuring and dividing the European Union as it supports Ukraine

Oil ministry to divert gas from industries after CNG, piped gas prices jump 70% in a year
India

Oil ministry to divert gas from industries after CNG, piped gas prices jump 70% in a year

The allocation for city gas operators like Indraprastha Gas Ltd in Delhi and Mahanagar Gas Ltd of Mumbai has been increased from 17.5 million standard cubic meters per day to 20.78 mmscmd, officials said

Global energy giant Shell to set up LNG stations, bullish on gas market in India
India

Global energy giant Shell to set up LNG stations, bullish on gas market in India

Shell operates a 5 million tonnes a year liquefied natural gas (LNG) import facility at Hazira in Gujarat and has a small network of petrol pumps. It is now looking at the LNG for trucks/buses market as a growth avenue

Germany seals energy deal with Qatar as it looks to wean off from Russian gas
World

Germany seals energy deal with Qatar as it looks to wean off from Russian gas

Berlin has come in for criticism over its opposition to an immediate embargo being imposed on Russian energy supplies as a means of choking off a major source of Moscow's foreign earnings

India's gas demand picks up gradually; relaxation in lockdown curbs help resume economic, industrial activities
Business

India's gas demand picks up gradually; relaxation in lockdown curbs help resume economic, industrial activities

An executive from India’s top gas importer Petronet also said there had been some recovery in demand compared to last month.

Coronavirus Outbreak: LNG importers invoke force majeure as gas demand slumps amid nationwide lockdown
Business

Coronavirus Outbreak: LNG importers invoke force majeure as gas demand slumps amid nationwide lockdown

India’s top gas importer Petronet LNG served a force majeure notice on Qatargas and is seeking delayed delivery of cargoes, two sources said.

India wants Qatar to lower gas price; Gulf nation refuses to reopen existing long-term supply contracts
Business

India wants Qatar to lower gas price; Gulf nation refuses to reopen existing long-term supply contracts

India on Monday pressed its largest LNG supplier Qatar to lower the price of gas under the existing long-term supply contracts, a request that Doha turned down saying sanctity of contracts is important for the credibility of both sides

Over Rs 4 lakh cr investment in pipelines in gas infrastructure; next CGD bid round to be announced soon: Dharmendra Pradhan
Business

Over Rs 4 lakh cr investment in pipelines in gas infrastructure; next CGD bid round to be announced soon: Dharmendra Pradhan

The government is giving special impetus to develop gas infrastructure across the length and breadth of the country connecting North to South and East to West parts of India, he said.

Petronet LNG shares surge 7% after company posts 90% jump in net profit in September quarter
Business

Petronet LNG shares surge 7% after company posts 90% jump in net profit in September quarter

Petronet LNG shares gained nearly 7 percent on Wednesday after the company reported nearly doubling of net profit in the September quarter on the back of improved margins

PSU telco bailout package makes little sense, L&T stock prospects; all this and more on Moneycontrol Pro
Business

PSU telco bailout package makes little sense, L&T stock prospects; all this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations

India's energy trade with US to jump 40% to $10 bn in FY20: Oil Minister Dharmendra Pradhan
Business

India's energy trade with US to jump 40% to $10 bn in FY20: Oil Minister Dharmendra Pradhan

India's energy trade with the US is likely to jump by over 40 percent to $10 billion in 2019-20, as the world's third-largest oil consumer seeks to move away from its traditional suppliers in the Middle East, Oil Minister Dharmendra Pradhan said on Monday

Cabinet to consider splitting GAIL; pipeline business not to be sold before 2022
Business

Cabinet to consider splitting GAIL; pipeline business not to be sold before 2022

The Union Cabinet may by next month consider a proposal to hive off state-run gas utility GAIL (India) Ltd's pipeline business into a separate entity but its sale to a strategic investor may not happen before 2022, sources privy to the development said

French energy giant Total to buy 37% stake in Adani Gas; shares jump 18% after announcement of acquisition
Business

French energy giant Total to buy 37% stake in Adani Gas; shares jump 18% after announcement of acquisition

Total will buy up to 25.2 percent in Adani Gas from public shareholders at Rs 149.63 per share, representing an 8.7% premium to the stock’s last close

BPCL to invest Rs 1,500-1,700 cr in floating LNG terminal in Andhra Pradesh: Chairman D Rajkumar
Business

BPCL to invest Rs 1,500-1,700 cr in floating LNG terminal in Andhra Pradesh: Chairman D Rajkumar

Bharat Petroleum Corp Ltd (BPCL) plans to invest Rs 1,500-1,700 crore in building a floating liquefied natural gas (LNG) import terminal at Krishnapatnam in Andhra Pradesh by 2022, its chairman D Rajkumar said on Monday

Saudi Aramco signs 20-yr deal with US-based Sempra Energy to purchase liquefied natural gas
Business

Saudi Aramco signs 20-yr deal with US-based Sempra Energy to purchase liquefied natural gas

Saudi Aramco has entered into a 20-year agreement with U.S.-based Sempra Energy to purchase liquefied natural gas(LNG) from its subsidiary Sempra LNG, the two companies said on Wednesday

Gail India CEO seeks more flexibility in US LNG contracts; firm in talks to acquire more supplies from 2024-25
Business

Gail India CEO seeks more flexibility in US LNG contracts; firm in talks to acquire more supplies from 2024-25

Gail India is in discussions with US gas exporters to acquire new LNG supplies from 2024-2025