LNG Price

When the suggestion was made, crude was at a huge discount to gas; but now, with the unpredictable course of fossil fuel prices playing spoilsport, govt may be forced to do a rethink

Qatar Energy will send Sinopec 4 million tons of LNG a year starting in 2026, the state-controlled companies announced in a virtual ceremony on Monday

India's demand for the fuel has slumped 5 per cent in the April-September period of FY23 to 31.5 billion cubic metres from a year ago, after rising 5 per cent 2021-22

Tightening Russian gas supplies to Europe has led to scramble for tankers before winter sets in

LNG markets in 2023 may be tighter than this year as demand may rise in China, India and other parts of Asia, the head of the International Energy Agency (IEA) said

The government-appointed panel for reviewing the pricing of natural gas has sought more time to submit its report as it does a tightrope walk of striking a balance between the expectations of producers and consumers, sources said. The panel headed by former planning commission member Kirit S Parikh was tasked to suggest a "fair price to the end-consumer" by the end of September. Given the enormity of the task, the committee wanted 30 more days to finish the report but the government wants it to wrap up the work by mid-October, two sources with knowledge of the matter said. A decision on the exact duration of the extension will be taken next week after oil secretary Pankaj Jain returns from his overseas trip, they said. Natural gas is a fossil energy source that formed deep beneath the earth's surface. It is used to generate electricity, produce fertiliser, convert into CNG to run automobiles and piped to household kitchens for cooking and heating. It is also used in making glass, .

GAIL has come under pressure since it is not receiving contracted liquefied natural gas (LNG) cargoes and it is being forced to buy LNG at much higher prices

OPEC+ meeting: While analysts said the current output cut is insignificant to move the needle on oil prices, they cautioned that more output cuts may push oil prices higher, impacting India

We see a very bright future for gas in India, said Shell Energy India's Raheja, In terms of long term LNG prices, volatility has been a lot less

In a month, the CNG prices have been revised seven times, which comes on the back of a surge in gas prices globally

Market players remain concerned over the risk of Russian supply disruption amid a tense geopolitical situation following Moscow's invasion of Ukraine

LNG in post-Covid era: How global demand and supply will shape India market

India has set a target of raising the share of natural gas in its energy basket to 15 per cent by 2030 from the current 6.72 per cent

However, the govt may have to infuse more fertiliser subsidy if global gas prices rise.

Gas consumption in India increases by an average of 7 per cent a year, estimates IEA

ONGC, Oil India stand to gain, but downstream players may feel the heat

Shell India bullish on Indian LNG and natural gas demand

Significant demand-supply gap seen opening in middle of current decade; China and India led LNG demand growth in 2020

The company is India's largest LNG importer and is aiming for more long-term deals in the next 10 to 15 years, says it CEO

India's efforts to build a gas based economy is set to get a boost from the falling spot LNG prices

Spot LNG in Asia is highly sensitive to marginal demand in Japan, Korea and China, where heating load has gone up significantly. Emergency buying by Japanese power firms is driving prices up