The Kolkata Port Trust (KoPT) on Thursday, signed a concession agreement with M/s Hooghly Oil & Gas Terminal Pvt Ltd, a wholly owned subsidiary of IMC Ltd for setting up a liquid cargo handling terminal at Shalukkhali in Haldia.
India’s coal demand is expected to stay high with electricity generation capacity forecast to grow, speakers at the Coaltrans India Conference in Goa said Tuesday.
Japanese utilities are struggling to predict future LNG demand, because of uncertainty over nuclear power restarts and the growing use of renewable energy, according to speakers at an industry conference in Tokyo.
The refining capacity in the western part of the country is likely to touch 242 million tonne per annum (mtpa) almost double the capacity of 121.4 mtpa.
India’s ambitious move to allow state-owned Oil and Natural Gas Corp to take a majority stake in state-owned Hindustan Petroleum Corp Ltd will create the country’s first integrated state-owned oil major, giving the combined entity an edge when competing in international markets.
Crude oil production in the US, which is predicted to overtake Saudi Arabia and Russia in 2018, is likely to favour India’s public finances, as the development would limit the traditional oil exporters’ ability to prop up prices by cutting production.
India’s LPG consumption is forecast to increase by nearly 6pc to 23mn t by the end of 2018 as the government invests in infrastructure, according to Indian consultancy Arihant Global.
There is a huge opportunity for the US to export LNG to India and China in the next five years as they push to replace coal, the head of the International Energy Agency has said as he highlighted the growing importance of the two nations in the energy market.
The dominance of oil, natural gas and coal in the global energy mix is being questioned by intensifying carbon policies, technological disruptions in mobility and, to an extent, changing energy geopolitics.
Indian gas firm GAIL (India) Ltd is renegotiating its liquefied natural gas purchase deals with U.S.-based Cheniere Energy and Dominion Cove Point, Oil Minister Dharmendra Pradhan told lawmakers on Monday.