Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
UltraTech is making strides in its commitment to sustainability and decarbonisation of its operations with this second deployment of GreenLine's LNG-powered fleet of trucks
Adani Group and French company TotalEnergies' newly built Rs 6,000 crore LNG import facility at Dhamra on the Odisha coast has received its first ever shipment of liquefied natural gas - a fuel that will be used to make steel, produce fertilizers and turned into CNG and cooking gas, helping change the landscape of Eastern India. Qatari ship 'Milaha Ras Laffan' docked at Dhamra Port on April 1 morning, bringing in 2.6 trillion British thermal units of natural gas in its frozen form (LNG) which will be used to commission the facility, officials said. Commissioning and testing operations will take up to 45 days and commercial operations are expected to start thereafter. The start of the 5 million tonne per annum LNG import terminal is crucial to Prime Minister Narendra Modi's plan to boost natural gas use in the country's energy mix to 15 per cent by 2030 from current 6.3 per cent. Dhamra is the only LNG import terminal in eastern India and only second on the entire east coast. The ..
The government has proposed we should have more storage space for LNG so that when prices are lower we should store, and supply when there is crisis
It is primarily used as petrochemical feedstock and is separated from the other components of natural gas in most well-developed gas fields
Industrial customers transporting fuel over larger distances to now pay less
Essar Group firm GreenLine Logistics on Friday said it has deployed Dalmia Cement (Bharat) Ltd's first fleet of LNG trucks at its Chandrapur plant in Maharashtra. These trucks will be deployed at Dalmia Cement's plants in Maharashtra and Tamil Nadu in a phased manner. Under its green logistics strategy for the decarbonisation of its transportation fleet, Dalmia Cement plans to transition 300 trucks to LNG by end of FY24, according to a statement. Dalmia Cement, a leading Indian cement manufacturer and a subsidiary of Dalmia Bharat Ltd, has tied up with GreenLine Logistics for this significant initiative towards building a 'green' supply chain, with an initial order of 35 LNG trucks. Anand Mimani, CEO of GreenLine, said, "We are proud to be the chosen partner of Dalmia Cement in their journey to decarbonise their heavy trucking and will be investing Rs 250 crore to enable transition of 10 per cent of their fleet to LNG by March 2024." According to a Dalmia Cement spokesperson, the
Adani Total Private Ltd will receive its first LNG cargo at the Dhamra terminal on India's east coast in April and expects to start commercial operations 30 to 45 days after receiving the shipment
Is open to either an existing plant or one scheduled to be commissioned by 2026-27; also wants to source one mtpa of gas the LNG liquefaction plant/project on FOB basis for 15 years
GAIL had run into supply disruptions last year after Russia-owned Gazprom Marketing and Trading (GMTS) failed to deliver some LNG cargoes
India's LNG imports fell for the second straight year in 2022, mainly due to fewer imports by utilities as the country ramped up coal-fired power production at the expense of natural gas
Adani Total Private Ltd expects to receive 2.2 mn tonnes of LNG at its terminal at Dhamra on India's eastern coast during the year ending March 2024, the company's chief executive said
India's top gas importer Petronet LNG is seeking additional Liquified Natural Gas (LNG) of 0.75 to one million tonnes per annum (mtpa) from Qatar, the company's Chief Executive A.K. Singh said
Russia supplied Europe with some 17 million tonnes of LNG last year, up about 20% from 2021 volumes, Refinitiv Eikon data showed on Tuesday
ndia's largest gas distributor reported a 93% decline in its December quarter net profit as it transmitted less gas locally due to a reduction in liquefied natural gas (LNG) supply from a deal
Emergence of renewable fuels causing displacement of petroleum fuels' demand
But imposing policies that deter domestic exploration and production
New trading products could be the start of India's attempt to create a domestic price benchmark and derivatives contract market, and the tapering of the administered price regime
The first regular shipment of liquefied natural gas from the United States arrived in Germany on Tuesday, part of a wide-reaching effort to help the country replace energy supplies it previously received from Russia. The tanker vessel Maria Energy arrived at the North Sea port of Wilhelmshaven, where its shipment of LNG will be converted back into gas at a special floating terminal that was inaugurated last month by German Chancellor Olaf Scholz. Germany has rushed to find a replacement for Russian gas supplies following Russia's invasion of Ukraine. The facility in Wilhelmshaven is one of several such terminals being put in place to help avert an energy supply shortage. Germany has also temporarily reactivated old oil- and coal-fired power stations and extended the life of its last three nuclear power plants until mid-April. Environmental campaigners said they planned to protest the arrival of the Maria Energy, arguing Germany shouldn't be importing fossil fuels, particularly gas
Consumers will be in trouble, given rising European demand from India's traditional suppliers, the absence of gas storage facilities and the lack of a clear LNG procurement strategy