India’s natural gas production grew for the first time in six years in 2017-18. Gas output grew 2.35 per cent to 32,649 Million Standard Cubic Meter (MMSCM) primarily due to production from onshore blocks offsetting a decline in production from offshore blocks, an ETEnergyWorld analysis of fresh data from the oil ministry shows.
European gas demand is expected to keep rising over the next five years, after three consecutive years of growth, as economies continue to recover, coal and nuclear plants go offline, the Oxford Institute for Energy Studies said.
Pune The price gap between petrol and diesel has been steadily narrowing over the years, more so in the recent past. Diesel prices have begun to jump sharply since the turn of the year. On January 1, 2018, the retail price of diesel in Pune was approximately Rs 62.36/ litre. Petrol price increase, in comparison, has been more moderate. On Friday, the retail price of petrol was Rs 81.80/litre, while diesel was selling at Rs 68.37/litre.
The Gas Authority of India Limited (GAIL) will shortly launch piped natural gas (PNG) for houses and compressed natural gas (CNG) for transport sector in Patna. The project is coming up as part of the Jagdishpur-Haldia-Bokaro-Dhamra pipeline under Pradhan Mantri Urja Ganga Yojana, which will connect the eastern and north-eastern states to the national gas grid, said GAIL public relations executive Jyoti Kumar on Friday.
With the Indian government aiming to set up a natural gas trading hub in the country, sector regulator the Petroleum and Natural Gas Regulatory Board (PNGRB) is seeking to appoint a consultant to help determine a regulatory mechanism for such a trading exchange.
With the government wanting to reduce oil/gas dependency by 10% by 2022 and 50% by 2050, you would think it would go out of its way to encourage investors by removing onerous levies—70% of all oil/gas profits go to the government—and by rolling out new sops.
Oil prices fell on Monday as markets opened the week cautiously following western air strikes in Syria over the weekend, and as American drilling for new production continued to rise.
KPC’s Chief Executive Officer Nizar al-Adsani also said that while Asia would remain the focus for Kuwaiti oil exports, the national oil company was also keeping an eye on the African market for possible acquisitions.
Qatar Petroleum sells two al-Shaheen crude oil cargoes to load in June via private negotiation for the first time, three trade sources said on Monday
Union Minister Dharmendra Pradhan said as many as 20 lakh LPG gas connections will be given to Telangana households by next year under the Pradhan Mantri Ujjwala Yojana (PMUY).