India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand.
India and the US will soon intensify the work on development of shale gas in coastal India with more US companies likely to join the exploration process, sources in the Ministry of Petroleum and Natural Gas told Express.
India’s fuel demand surged 9.9 per cent in September, the biggest expansion in more than one year, after petrol and diesel consumption soared.
India can offset close to 520 million tonnes of greenhouse gas emissions per year through reforestation alone, according to a study.
India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up “test” purchases of US grades to diversify their imports.
Indian oil minister Dharmendra Pradhan is expected to finalise an agreement with Japan to cooperate in jointly developing & a liquid, flexible and global LNG market” during his current tour of the country.
India and the European Union (EU) have issued a joint statement on clean energy and climate change, pledging to step up cooperation to enhance implementation of the Paris Agreement on climate change and the 2030 Agenda for Sustainable Development
Union minister Nitin Gadkari has said India must use pollution-free methanol as fuel, like Sweden, which is switching over to it from diesel.
Private players such as Reliance Industries and Essar owned by Russia’s Rosneft have tripled the number of petrol and diesel outlets in India in the last two years
Bangladesh is set to build the country’s third 500MW back-to-back high-voltage direct-current (HVDC) sub-station in Comilla to import electricity from India.