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LNG

GAIL signs long-term charter contract with K-Line for LNG ship

GAIL signs long-term charter contract with K-Line for LNG ship

Fri, Nov 29, 2024

The LNG ship will be a modern two-stroke vessel having a tank capacity of 1,74,000 cubic metres and will be built by Samsung Heavy Industries Co Ltd, Korea, with which the ship owning company has concluded a shipbuilding contract.

LNG futures trading surges in April as India prepares for summer demand surge

LNG futures trading surges in April as India prepares for summer demand surge

Tue, May 07, 2024

Amidst these dynamics, India, a significant player in the LNG market, continues to see an upward trajectory in its LNG imports, driven by various sectors including power, industry, and transportation.

As domestic output rises, LNG imports to drop to 45% by FY26

As domestic output rises, LNG imports to drop to 45% by FY26

Tue, Mar 19, 2024

According to a Care Ratings analysis, with the rise in domestic natural gas production, the dependency on imported LNG (liquefied natural gas), which stood at 53 per cent in FY21, has gradually declined over the past three years and is expected to remain at around 45 per cent by FY26, the agency said.

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IGL's MD Kamal Kishore Chatival on the Rise of LNG and CNG Networks in Cities

IGL's MD Kamal Kishore Chatival on the Rise of LNG and CNG Networks in Cities

Fri, Feb 09, 2024

City are expanding gas distribution network, special focus on expanding LNG and CNG network: Kamal Kishore Chatiwal, MD, IGL

Petronet draws Rs 40,000 cr investment plan to treble profit by 2028 Betul

Petronet draws Rs 40,000 cr investment plan to treble profit by 2028 Betul

Fri, Feb 09, 2024

Petronet LNG Ltd, the operator of the world's largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore in expanding import capacity and petrochemicals with a target to treble net profit by 2028, its CEO A K Singh said

India to begin LNG supplies to Sri Lanka in 2025

India to begin LNG supplies to Sri Lanka in 2025

Thu, Feb 08, 2024

Sri Lanka is seeking supply of gas in liquid form to meet requirements for generating electricity and other industries. It was in discussions with Petronet and other suppliers for years and it is only now that it has finally agreed to buy the fuel from the Indian firm.

India to sign $78 bn deal to extend Qatar LNG imports

India to sign $78 bn deal to extend Qatar LNG imports

Tue, Feb 06, 2024

Petronet LNG Ltd, India's biggest liquefied natural gas (LNG) importer, is likely to sign a deal with QatarEnergy to extend a 2004 deal to buy 7.5 million tonne a year of gas for producing electricity, making fertilizers and converting to CNG, on the sidelines of India Energy Week (IEW) here.

GAIL to invest Rs 30,000 crore in next 3 years, scouts for LNG abroad

GAIL to invest Rs 30,000 crore in next 3 years, scouts for LNG abroad

Wed, Aug 23, 2023

GAIL recently acquired private-sector chemical company JBF Petrochemicals Ltd, adding 1.25 million tonnes of petchem capacity.

Gail initiates legal proceedings against Gazprom for non-supply of LNG, files for arbitration in London

Gail initiates legal proceedings against Gazprom for non-supply of LNG, files for arbitration in London

Fri, May 19, 2023

State-owned Gail India on Friday said it has initiated legal proceedings against an arm of the Russian energy giant Gazprom for non-delivery of LNG.

GAIL looking to buy up to 26% stake in LNG projects in US, says report

GAIL looking to buy up to 26% stake in LNG projects in US, says report

Fri, Feb 17, 2023

India's GAIL, either directly or through its affiliates, exploring the opportunity to buy equity from an existing or post-commissioning of a proposed LNG liquefaction plant or project in the US.

Zee Business Exclusive: DIPAM And SEBI Having Discussion On PSU's Open Offer, Watch This Video For Details

Zee Business Exclusive: DIPAM And SEBI Having Discussion On PSU's Open Offer, Watch This Video For Details

Mon, Jul 18, 2022

DIPAM and SEBI having discussion on making rules for open offer discount in indirect acquisition. Exemption was sought for Petronet LNG, IGL in BPCL disinvestment. Know full news from Tarun Sharma.

Union Transport Minister Nitin Gadkari pitches for priority sector lending for companies engaged in alternative fuels

Union Transport Minister Nitin Gadkari pitches for priority sector lending for companies engaged in alternative fuels

Mon, May 02, 2022

Union Transport Minister Nitin Gadkari on Monday argued for extending priority sector lending facilities for entities engaged in the production and business of alternative fuels.

Russian Deputy PM Alexander Novak discuss bilateral cooperation with Petroleum Minister Hardeep Puri; invites to invest in oil, gas sector

Russian Deputy PM Alexander Novak discuss bilateral cooperation with Petroleum Minister Hardeep Puri; invites to invest in oil, gas sector

Fri, Mar 11, 2022

The Russian Deputy Prime Minister Alexander Novak spoke to Hardeep Singh Puri, Minister of Petroleum and Natural Gas on Friday and discussed bilateral cooperation between the two countries.

Slew of products, starting with CNG and LNG planned: Ashok Leyland

Slew of products, starting with CNG and LNG planned: Ashok Leyland

Wed, Nov 24, 2021

Hinduja Group flagship Ashok Leyland has put in place a team to focus on alternate fuel technology that uses low carbon like CNG and LNG as part of its move towards building a green mobility future.

India asks Qatar to deliver cargoes not taken in 2015

India asks Qatar to deliver cargoes not taken in 2015

Wed, Oct 20, 2021

Petronet LNG Ltd, the nation's biggest liquefied natural gas importer (LNG), has asked Qatargas to deliver in 2022 the 50 cargoes that were deferred in 2015, its chief executive officer Akshay Kumar Singh said on the sidelines of the India Energy Forum by CERAWeek here

Sign of increased economic activity! India's refinery throughput recovers in Sep, LNG imports rising

Sign of increased economic activity! India's refinery throughput recovers in Sep, LNG imports rising

Sun, Nov 15, 2020

In a sign of increased economic activity, India Ratings and Research's latest credit digest on country's oil and gas sector has shown a recovery in refinery throughput during September.

Petronet inks MoU with Tellurian for 5 MTPA LNG

Petronet inks MoU with Tellurian for 5 MTPA LNG

Sun, Sep 22, 2019

Petronet LNG has inked a MoU with US liquefied natural gas (LNG) developer Tellurian Inc for up to five million tonnes of LNG through equity investment in Driftwood Holdings, a subsidiary located in Louisiana.

Gail India shares rise 3%: Should you buy this stock? LNG prices to play major role ahead

Gail India shares rise 3%: Should you buy this stock? LNG prices to play major role ahead

Wed, May 29, 2019

Investors and experts have become very optimistic in Gail India shares, especially after when the company posted highest every annual net profit.

UAE''s ENOC seeks four LNG cargoes for India: sources

UAE''s ENOC seeks four LNG cargoes for India: sources

Wed, Mar 06, 2019

Emirates National Oil Company (ENOC) has announced a tender to buy four cargoes of liquified natural gas (LNG) for delivery to India from April to July, two trade sources said on Tuesday.

Asian prices slip, but plant outages limit losses

Asian prices slip, but plant outages limit losses

Fri, Jan 18, 2019

Prices for cargoes to be delivered in the second-half of February were estimated at about $8.35 per mmBtu , they added.

World's largest floating LNG platform starts production in Australia

World's largest floating LNG platform starts production in Australia

Wed, Dec 26, 2018

In a statement, Shell said wells have now been opened at the Prelude facility, located 475 kilometres north-north east of Broome in western Australia. This means Prelude has now entered start-up and ramp-up, the initial phase of production where gas and condensate - which is an ultra-light form of crude oil - is produced and moved through the facility.

Firm LNG prices may dent local demand

Firm LNG prices may dent local demand

Mon, Aug 06, 2018

In view of court banning alternative fuels like fuel oil and LPG in several states, demand for LNG is expected to remain upbeat, a Crisil report said.

LNG demand to stay strong despite 70 pc price rise: Report

LNG demand to stay strong despite 70 pc price rise: Report

Sun, Aug 05, 2018

The steep 70 per cent spike in global liquefied natural gas (LNG) price is unlikely to curb domestic demand, but may crimp the margin of city gas distribution (CGD) companies to some extent as volume growth will support marketing margins, according to a report.

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