Page 4 - Natural Gas

Natural gas price hike likely to push Centre's fertiliser subsidy bill

Industry insiders expect 10-15% increase in pooled gas prices in fertiliser sector

Natural gas prices hiked 40% to record levels; CNG, PNG to cost more

This includes difficult and newer fields operated by Reliance Industries and partner BP in the KG basin

Automakers decrease production of CNG vehicles as natural gas prices rise

CNG automakers have reduced their production targets to 500,000-550,000 vehicles for FY23. At the beginning of the current financial year, this target was 700,000-750,000

Total CEO pushes spending on renewable energy amid global energy crisis

The French oil major is increasing spending on renewable energy and on reducing its emissions next year to 33% of annual capital expenditure, compared with 25% going into clean power this year

Higher gas prices raise difficult questions for Reliance, Adani Group

The 153% jump in prices of natural gas this year has raised the stakes for the government of India to get its policy right in the sector

Govt holding bilateral talks over Gazprom-GAIL issue, won't seek penalty

The centre may neither pursue arbitration with Gazprom, the world's largest natural gas explorer, nor accept a penalty from the company after it halted supplies to GAIL in May

Asian countries spend big on fuel oil amid global gas shortage concerns

Japanese imports of the fuel, which can be used instead of natural gas to produce electricity, surged to a four-year high in August, and are set to stay high in the coming months

IGX answer to inflation: Trade gas on exchange to counter rising prices

Gas exchange's proposal also dovetails with plans by New Delhi to appoint a panel under Kirit Parikh to review India's gas pricing formulae

Crude oil output to go up substantially from next year: Petroleum Secy

Pankaj Jain's comments follows contracts signed by govt for 34 oil exploration blocks; minister Hardeep Singh Puri asserts energy crisis in Europe far worse than India

Deflating gas economy: Kirit Parikh has a tough task on hand as prices soar

As global prices soar, another committee to review gas pricing policies may find the going more challenging

Weekly storage of natural gas in US rises, says energy information agency

The total working gas storage decreased by 7.6 per cent from this time in 2021, or down 11.5 per cent from the five-year average, Xinhua news agency reported

Windfall profit taxes are pure economic populism and thus bad policy

Germany's government just became the latest to ingratiate itself with angry voters by promising a windfall tax on energy companies

What is Nord Stream 1 pipeline, and why is it critical for Europe?

Nord Stream 1 is the biggest pipeline transporting cheap natural gas between Russia and Europe via Germany

France plans pipeline from Spain to central Europe for new energy sources

France is looking into building a pipeline from the Iberian peninsula to the south of the country in a bid to open up new energy sources in the absence of natural gas from Russia

ONGC relaunches tender to sell gas from KG fields at $15/unit

Oil and Natural Gas Corporation (ONGC) has relaunched a tender to sell gas from its KG fields at a higher price of USD 15 per mmBtu as it looks to capitalise on a global surge in energy prices. The firm sought bids for the sale of 0.75 million standard cubic meters per day of gas for one year from the KG-DWN-98/2 (KG-D5) fields in the Bay of Bengal, according to the tender document. The firm asked users to quote a premium they are willing to pay over and above the reserve gas price of 14 per cent of Brent crude oil price plus USD 1 per million British thermal unit. The reserve price at the current ruling Brent oil price of USD 101 per barrel comes to more than USD 15 per mmBtu. The applicable sale price shall be lower than the gas price bid or the government-dictated ceiling rate for gas produced from deepsea fields, it said. The government fixes the price of domestically produced natural gas twice a year - the rate for gas from deepsea fields for six months beginning April 1 is U

MCX Crude Oil futures can slide to Rs 5,700-level, chart suggests

Sustained trade below Rs 6,800-level, can trigger a sharp slide in MCX Crude Oil August futures towards the 50-WMA; Meanwhile, bias for Natural Gas is positive.

Centre asks state-run firms to explore plans amid LNG supply crisis: Report

Gas supplies to India have been hit due to the ongoing Russia-Ukraine war

Oil prices head for biggest weekly climb since April on supply halts

The International Energy Agency boosted its forecast for global demand growth as soaring natural gas prices and heat waves spur demand

GAIL to double share capital; add specialty chemicals, clean energy to biz

GAIL has sought shareholder approval to increase authorised share capital of the company to Rs 10,000 cr from current Rs 5,000 cr to help raise finance for its expansion plans over the next 3-4 years

GAIL stock slips on worries of gas supply disruptions despite strong Q1

Analysts remain positive with valuations ranging from Rs 176 to Rs 197