Page 7 - Natural Gas

Govt doubles gas price to record levels for 6 months; CNG rates may go up

The price of gas produced from old regulated fields, such as the nation's largest gas field of Bassein of ONGC, will rise to a record high of $6.1 per mmBtu from the current $2.90 per mmBtu

Poland to end Russian oil imports; Germany warns on natural gas

Western nations have rejected that demand, arguing it would undermine sanctions over the war

EU wants natural gas storage topped up to curb reliance on Russia

EU leaders have already vowed to wean the bloc off its dependence on Russian energy by 2027, but tangible measures still have to be put in place

Russia-Ukraine crisis: A lack of gas storage infra may come to haunt India

The lack of storage infrastructure will weaken India's energy security and delay the transition to clean fuel

Spotlight falls on natural gas amid energy transition debate & geopolitics

On the third day of the world's biggest energy conference, the spotlight will pick out natural gas amid debate on its role in the transition to cleaner energy

Russia threatens to block gas to Europe through Nord Stream 1

Last month, Berlin shelved the $11-billion Nord Stream 2 pipeline project

Haryana MSMEs to get 50% reimbursement of VAT on natural gas

Haryana government has proposed to reimburse 50 per cent of VAT collected on natural gas purchased by MSMEs for a period of two years.

Oil crosses $105 a barrel, hits 8-year high as Russia attacks Ukraine

The United States and Europe have promised the toughest sanctions on Russia in response

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

Russia-Ukraine crisis jolts Europe to push for secure energy supply

Surging energy prices and fears of a Russian invasion of Ukraine are making European leaders think hard about energy security particularly their decades-old reliance on Moscow for natural gas.

GAIL to connect Srinagar to gas grid; Mumbai-Nagpur line by May 2023

GAIL will by May 2023 complete a 700-km pipeline from Mumbai to Nagpur, enabling the flow of gas to central India

Russia-Ukraine conflict could reshape Europe's natural gas reliance

Europe relies on Russia's natural gas to help heat millions of homes, generate electricity and power factories

GAIL reports highest quarterly net profit on natural gas price jump

While natural gas transmission volumes and profitability remained almost unchanged, the firm saw its profitability from the marketing of the fuel jump to Rs 1,749.71 crore in Q3

Bring natural gas under GST for PM's vision of gas-based economy: Industry

Natural gas is currently outside the ambit of GST, and existing legacy taxes

Bring natural gas under GST for PM's vision of gas-based economy: Industry

Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel.

Govt invites bids to set up sales network for natural gas supply

India, the world's third biggest emitter of greenhouse gases, has set a 2070 goal for net zero carbon emissions.

Global natural gas shortage worsens as India, Indonesia join the hunt

Indian Oil Corp. and Gujarat State Petroleum Corp. have recently bought spot cargoes of liquefied natural gas after being absent from the market for months, according to traders

Natural gas shortage leads to Pakistan losing 20% of vital textile exports

About $250 million of textiles exports were lost last month after mills in Punjab were forced to shut for 15 days, said Shahid Sattar, executive director of All Pakistan Textile Mills Association

Russia's Nord Stream 2 pipeline ready to pump gas to Europe

Russia's Nord Stream 2 natural gas pipeline is ready for operation amid an energy crunch in Europe, Alexei Miller, the CEO of Russia's gas industry giant Gazprom, reported to President Putin

Indian Oil Corp acquires 5% stake in IEX subsidiary Indian Gas Exchange

IOC joins the likes of oil and gas explorer ONGC, gas utility GAIL Torrent Gas Pvt Ltd and Adani Total Gas Ltd which already have acquired 5 per cent equity each in IGX