Lng

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

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

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

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

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

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

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

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

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

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