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NATURALGAS
Natural Gas

372.5 19.70 (5.58%)

Related News for NATURALGAS

With more oil flooding markets, energy prices likely to come down globally, says Hardeep Puri

 22 Feb 2025 11:05 AM

Union Petroleum and Natural Gas Minister Hardeep S Puri anticipates reduced energy prices due to increased global oil production, including from the USA, aiding inflation control. He clarifies India’s aim to procure oil at lower prices, not to shift away from dollar transactions.

Think Gas faces hurdles in connecting PNG to homes: CEO

 14 Feb 2025 12:14 AM

Think Gas has faced challenges in connecting homes with piped natural gas due to the absence of trunk pipelines and customers' preference for subsidised LPG, according to CEO Abhilesh Gupta. The merger with AG&P Pratham is ongoing, but plans for an IPO are uncertain. Gupta highlighted that regulations allow shifting targets if the trunk pipeline is missing, affecting household connections.

India's natural gas use target hinges on higher gas-fired power generation

 13 Feb 2025 07:07 PM

India's goal to increase the share of natural gas in its energy mix to 15% by 2030 faces challenges due to high global LNG prices. Lower gas prices are essential for making gas-fired electricity generation competitive, which is crucial for boosting demand. Limited infrastructure and high logistical costs further constrain natural gas consumption.

Adani Total Dhamra LNG terminal expansion not imminent, CEO says

 13 Feb 2025 04:33 PM

Adani Total has not yet conducted feasibility studies for expanding its LNG terminal in Dhamra. The terminal’s utilisation rate increased from 25% to about 50% in 2024. Expansion is dependent on demand, which could grow with India's aim to double natural gas usage in its energy mix by 2030.

ONGC eyes 100-fold growth in clean energy spend

 12 Feb 2025 04:02 PM

India’s Oil and Natural Gas Corp. plans to significantly increase its investment in renewable energy projects, with a focus on achieving 10 gigawatts of capacity by 2030. The company aims to diversify energy sources to meet the growing demand, leveraging cash flows from its primary oil and gas business while also raising debt to fund these green initiatives.

IEA says India should free gas pricing; unbundle gas marketing, transportation business

 12 Feb 2025 12:06 PM

IEA recommends India to liberate natural gas pricing and unbundle marketing and transportation to boost usage, projecting 60% rise in demand by 2030. It suggests policy reforms, gas pricing freedom for all fields, and infrastructure transparency to encourage cleaner fuel adoption and significant market growth.

ONGC signs pact with BP for oil exploration, trading

 10 Feb 2025 06:43 PM

Oil and Natural Gas Corporation (ONGC) has signed a MoU with BP to explore collaboration in oil and gas projects in India and abroad. The partnership will focus on enhancing production, trading, and exploring new energy vectors. This collaboration aims to boost ONGC's output, optimize management of fields, and create value in additional energy vectors such as carbon sequestration.

India importing crude from 40 countries; Argentina is new supplier: Hardeep Puri

 10 Feb 2025 06:26 PM

India is expanding its crude oil import sources, now sourcing from 40 countries, including the recent addition of Argentina. The Petroleum Minister emphasized the dynamic nature of imports, influenced by price and proximity advantages. With over 80% of crude oil reliant on imports, India is also promoting natural gas and alternative fuels to boost domestic production and reduce dependency.

Gail seeks to exit US shale

 04 Feb 2025 08:24 PM

GAIL plans to exit its US shale exploration business, selling its Eagle Ford assets, including interests in wells and undrilled locations in Texas. Originally purchased in 2011, GAIL follows other Indian firms like Reliance Industries in shifting away from US shale investments. GAIL remains India's top natural gas marketer, with interests in 13 exploration blocks globally.

U.S. crude prices down nearly 2% as levies on China take effect

 04 Feb 2025 02:39 PM

U.S. crude prices dropped nearly 2% due to the imposition of U.S. tariffs on China, leading to Beijing retaliating with tariffs on U.S. coal, liquefied natural gas, and crude oil. The pause on steep levies on imports from Canada and Mexico provided a brief respite. Analysts expect U.S. crude inventories to have risen recently.