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Ukraine conflict: India's LNG firms see rising costs, shrinking supplies
Rising costs and shrinking supplies will impact major expansion plans
 "Ukraine conflict: India's LNG firms see rising costs, shrinking supplies")
LNG traders absorb huge losses as supply outages hampers European store
Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a LNG supply gap after several outages hampered efforts to fill European storage
 "LNG traders absorb huge losses as supply outages hampers European store")
Petronet Q1 net up 10% on processing larger volumes of imported fuel
Net profit in April-June at Rs 700.9 crore compared with Rs 635.67 crore in the same period a year back, Petronet CEO A K Singh said on a media call.
 "Petronet Q1 net up 10% on processing larger volumes of imported fuel")
More than 210 mn two-wheelers registered in India: Govt informs Parliament
Data further revealed that there were 2,95,245 two-wheelers and 18,47,539 four-wheeler and above category of vehicles with fuel types of CNG, ethanol, fuel cell hydrogen, LNG, LPG, solar, methanol etc
 "More than 210 mn two-wheelers registered in India: Govt informs Parliament")
BP boosts dividend after Q2 profit hits 14-year high of $8.45 bn
BP boosts dividend by 10%; BP to boost spending on oil and gas, CEO says; profits driven by strong oil trading, hit by LNG
 "BP boosts dividend after Q2 profit hits 14-year high of $8.45 bn")
Gazprom's move on long-term LNG contracts squeezes priority sector
Supply disruptions may be 'short-term', says GAIL
 "Gazprom's move on long-term LNG contracts squeezes priority sector")
Gazprom Singapore misses LNG deliveries to GAIL amid soaring demand: Report
GMTS is willing to offer a penalty to the Indian company for missed cargoes. One of the sources said the penalty is miniscule compared to spot prices of LNG.
 "Gazprom Singapore misses LNG deliveries to GAIL amid soaring demand: Report")
Russia defaults on LNG supplies to India due to retaliatory sanctions
Russia has defaulted on the supply of at least 5 cargoes or shiploads of LNG to India after its retaliatory sanctions hit one of the companies that supply gas to India, sources said
 "Russia defaults on LNG supplies to India due to retaliatory sanctions")
India may face tech, logistical snags as it tries to explore CNG imports
The government's draft policy encouraging imports in compressed form over LNG ignores major technological and logistics hurdles
 "India may face tech, logistical snags as it tries to explore CNG imports")
Pakistan faces escalation of power crisis as LNG tenders scrapped
Pakistan is again facing an escalation of power crisis after it failed to agree on a deal for natural gas supply next month
 "Pakistan faces escalation of power crisis as LNG tenders scrapped")
GAIL to enter distributed LNG production business to provide fuel to users
GAIL will liquefy or turn natural gas into liquid at sub-zero temperature and transport it in trucks to users.
 "GAIL to enter distributed LNG production business to provide fuel to users")
Global macro in 2022/2023
We are in new terrain, with four problems coming together
 "Global macro in 2022/2023")
No disruption in Russian LNG supplies from Gazprom due to sanctions: GAIL
Earlier this month, Moscow slapped sanctions on owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as the former German unit of the Russian gas producer Gazprom
 "No disruption in Russian LNG supplies from Gazprom due to sanctions: GAIL")
Shell may sell Russian LNG plant stake to Indian consortium: Report
Shell seeks to sell 27.5% stake in Sakhalin-2 plant; Shell in talks with group of several Indian firms, say sources
 "Shell may sell Russian LNG plant stake to Indian consortium: Report")
Global LNG markets brace for uncertainty over Russian gas supplies
Western sanctions on Russia due to the Ukraine invasion have sparked fears of disruption of Russian gas supply to Europe, sending global gas prices to all-time highs
 "Global LNG markets brace for uncertainty over Russian gas supplies")
South Korea to divert gas supplies to Europe over Russia-Ukraine conflict
Concerns have grown over natural gas supply disruptions in Europe amid the ongoing crisis surrounding Ukraine, as Russia is the biggest provider of gas to Europe, reports Yonhap News agency
 "South Korea to divert gas supplies to Europe over Russia-Ukraine conflict")
With EV foray, Atul Auto eyes L5 battery-run three-wheelers via subsidiary
The wholly-owned subsidiary Atul Greentech Pvt Ltd designs and develops innovative solutions for last-mile electric mobility for domestic and export markets
 "With EV foray, Atul Auto eyes L5 battery-run three-wheelers via subsidiary")
Fitch Ratings trims India's gas consumption growth to 5% on high prices
Fitch Ratings cut its India gas consumption outlook for the current fiscal to a growth of 5 per cent as the recent spike in domestic gas prices and high LNG rates would slow the shift
 "Fitch Ratings trims India's gas consumption growth to 5% on high prices")
Petronet may look at building 4th LNG import terminal to meet energy demand
Petronet operates a 17.5 million tonnes a year LNG import facility at Dahej in Gujarat and another 5 million tonnes facility at Kochi in Kerala
Global LNG body urges govts to support fuel buyers amid Ukraine crisis
The Paris-based group, whose members account for more than 90% of global LNG trade, issued a statement a day earlier after a meeting of its executive committee
 "Global LNG body urges govts to support fuel buyers amid Ukraine crisis")
