No liquefied natural gas (LNG) vessels that left the United States in March and April have gone to China, Refinitiv Eikon shipping data shows, as the trade war between the two nations escalates.
Giving a boost to producers such as Oil and Natural Gas Corporation (ONGC) and Reliance Industries (RIL), the price of domestic natural gas in India has increased by 10 per cent to $3.69 per million metric British thermal units (mmBtu) for the April-September period, compared to $3.36 per mmBtu during October to March period.
India has raised the price of its locally produced gas by about 10 percent to $3.69 per million metric British thermal units (mmBtu) for the April-September period, compared with the previous six months, a source aware of the development said.
India’s target of increasing the share of natural gas in its overall energy basket to 15 per cent by 2030 along with the planned shift to a gas-based economy may turn out to be too ambitious, a comprehensive review of projections and opinion from key stakeholders and experts on the matter shows.
Unavailability of cheap natural gas may pinch distributors: Petroleum and Natural Gas Regulatory Board Chief
A squeeze in supply of cheap local natural gas in the future can erode the margins of city gas distributors but the business would remain viable due to the present price advantage gas has over petrol and diesel at present,
Domestic cooking gas bill and auto CNG prices may be in for a hike, as the government will likely raise the natural gas price by as much as up to 18% next month, said a report.
India is expected to hike prices of domestic natural gas for the fourth time in a row, according to a survey conducted by BloombergQuint, in what will boost the earnings of the fuel’s producers.
In 2012-13, the share of natural gas in India’s energy mix was around 10.5 per cent. Surprisingly, despite the fact that the Narendra Modi-led government had set a goal of taking this share to 15 per cent by 2022, the contribution of natural gas in the country’s energy basket has declined to almost 6.5 per cent now.
The government plan to offer PSUs special incentives for natural gas discoveries in difficult and unviable areas will help raise India’s natural gas production as it will unlock output in a dozen fields of state-owned ONGC and OIL, officials said on Sunday.
India’s plan to raise natural gas share in energy basket to 15% looks increasingly ambitious: WoodMac
India’s plan to increase the share of natural gas to 15 per cent of the country’s total energy mix by 2030, from 6 per cent currently, seems “increasingly ambitious”, research and consultancy firm Wood Mackenzie said today.