Page 6 - Energy

High fuel prices to hit near-term demand, recovery seen in H2: Report

For overall 2022, India's oil demand is expected to grow by 225,000 barrel per day, with growth expected to ease to 185,000 barrels per day in 2023

India to fall short of 2022 target of solar capacity by 27%: Report

India is projected to fall "well short" of its target for 2022 of having 100 GW of installed solar capacity, largely due to slow uptake of rooftop solar, a new report by JMK Research and IEEFA said

Energy geopolitics and LNG

The Russia-Ukraine war has put the spotlight on the role of liquefied natural gas (LNG) in the global energy futures

India has over 1 million EVs, 1,742 public charging stations: Gadkari

As per Vahan 4 data, as of March 25 this year, a total of 10,76,420 EVs and a total of 1,742 Public Charging Stations (PCS), as per the Bureau of Energy Efficiency (BEE), are operational.

ATF hiked by 2% to all-time high amid surge in global energy prices

The increase in ATF price comes on back of the steepest ever hike 18.3 per cent (Rs 17,135.63 per kl) effected on March 16.

US does not want 'rapid acceleration' in Indian energy imports from Russia

India has bought at least 13 million barrels of Russian crude oil since the country invaded Ukraine in late February

Legitimate energy deals should not be politicised, say govt sources

The assertion came amid some criticism against India over its position that it is open to buying discounted crude oil from Russia.

REC partners EPIC India to improve performance of discoms

State-owned non-banking finance firm REC has partnered with Energy Policy Institute at the University of Chicago (India) to improve the performance of power distribution utilities. "The Energy Policy Institute at the University of Chicago (EPIC India) has signed a Memorandum of Understanding (MoU) with REC Limited, a public infrastructure finance company, and REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Ltd, to enable an evidence-based approach to improve the electricity distribution utility performance by designing innovative policy interventions for pilot and evaluation," a company statement said. The MoU was signed in the presence of R Lakshmanan, Chief Executive Officer - RECPDCL, Anant Sudarshan, South Asia Director EPIC and Sidhartha Vermani, Executive Director - EPIC India. Under this partnership, in addition to providing research and evaluation support, EPIC India will collaborate with REC Ltd and RECPDCL to provide a platform fo

Hydrogen pilot only the beginning, want to become energy exporter: Gadkari

Launching India's first green hydrogen pilot project, the minister said it can be the cheapest fuel, electrolyser policy in the works

Closely monitoring global energy market, potential supply disruptions: Govt

Minister of state in Petroleum and Natural Gas while replying to Rajya Sabha informed that geopolitical situation between Russia-Ukraine has resulted in a steep rise in global crude oil and gas prices

Nuclear fusion sees sudden bursts of potential breakthroughs

The fusion of a kilogramme of deuterium could release at least four million times as much energy as burning a kilo of coal

UK PM Johnson says sanctions on Russian energy very much 'on the table'

UK's Johnson in a joint press conference with Canadian PM Trudeau and Dutch PM Rutte said that London and other Western governments are seriously considering sanctions on Russian energy exports

IT, oil & gas producers among few hedges amid global market turmoil

Metals and pharma stocks too stand to gain, but higher input costs and supply chain disruptions are potential headwinds

Japan's deficit reaches 8-year high as cost of energy imports soars

The amount is the biggest since January 2014, when the trade deficit totaled nearly 2.8 trillion yen.

Can Qatari gas offset disruptions to Russian supply in Europe?

Any interruption of supplies because of an attack would worsen the existing energy crisis caused by a global shortage of oil and gas

People may be free to set up standalone energy storage systems: R K Singh

Union Minister for Power and New & Renewable Energy R K Singh has indicated that people may be free to set up standalone energy storage systems (ESS) as the government plans de-licensing that under the policy for ESS. According to a statement issued by the power ministry, Singh interacted with renewable energy developers, industry and various government representatives to discuss the elements of the draft policy on the energy storage system to promote the creation of storage systems on a large scale across the country. The policy aims at the creation of the technology-agnostic storage system across the value chain of the electricity sector generation, transmission and distribution levels. In the meeting held on January 25 with representatives of the industry, Singh galvanised the industry representatives and called for their active participation in establishing storage systems and associated manufacturing industries domestically within the country. The minister also took a ...

Essar sets up Vertex Hydrogen to help drive energy transition in the UK

Essar Oil UK holds 90 per cent stake in Vertex Hydrogen, while Progressive Energy Ltd has the remaining 10 per cent

Sri Lanka to hold talks with Indian Oil to tide over energy crisis

Power Minister Gamini Lokuge said that the talks with the Indian Oil Corporation's local entity would be held for a solution to the fuel crisis

Energy monitor blames Russia for worsening Europe gas crisis

Russian President Vladimir Putin has underscored that Gazprom has met its obligations under long-term contracts and blamed high spot gas prices on European decisions

APTEL reinstates 50 MW wind project being developed by Inox Wind arm

APTEL has directed to extend the scheduled commercial operation date (SCOD) of the project by the requested period and also set aside the invocation/ encashment of its bank guarantee