Global LNG outlook 2024-2028
Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according
Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according
The focus is clearly on clean energy, says Minister for Resources and Energy Australia has embarked on a major expansion and investment programme for putting in place massive liquefied natural gas (LNG) infrastructure with around $170 billion worth of current and new projects taking shape. Already the fourth largest exporter of LNG in the world, Australia is the third largest LNG exporter in the Asia-Pacific region having exported 18.9 million tonnes of LNG in 2011 worth around $11.1 billion.
This Report of the Standing Committee on Energy deals with the action taken by the Government on the Recommendations/Observations contained in their Tenth Report (Fifteenth Lok Sabha) on the subject ‘Availability
In order to keep the nation's largest liquefied natural gas importer a private firm. The Oil Ministry has rejected public sector oil companies' plan to acquire Asian Development Bank's stake in Petronet LNG so as to keep the nation's largest liquefied natural gas (LNG) importer a private firm. The ADB had on August 23 last year offered to sell its 5.2% stake in Petronet, in which GAIL, IndianOil (IOC), Bharat Petroleum (BPCL) and Oil and Natural Gas Corp (ONGC) hold 12.5% stake each and have a first right of refusal
New Delhi Liquified natural gas (LNG) handling terminals in the country, including the proposed ones, will have to offer a little less than a third of their total capacity for third-party use at fair and competitive terms, according to the norms being worked out by the oil ministry. The idea is to remove entry barriers in the business of supplying imported natural gas to industries. Open access is considered vital for fostering competition in the LNG sector as it optimises land use by various players for regasifying the frozen gas and its further transportation to customers.
Oil Search Ltd. (OSH.AU) said Thursday it has struck more gas in Papua New Guinea, firming up the potential of its recent P'nyang discovery to support an expansion of its US$15.7 billion gas-export joint
India has offered Qatar stake in some of the major petro projects, including the petrochemicals complex at Dahej in Gujarat, Indian Oil Corporation's (IOC's) LNG project in Ennore, Tamil Nadu, BPCL's petrochemical project in Kochi, petrochemical project in Mangalore and investment opportunity in the Paradip refinery and petrochemical project to further enhance its strategic partnership and ties.
Ahmedabad: The state public sector undertaking (PSU), GSPC Gas has hiked piped natural gas (PNG) prices by 30 per cent and compressed natural gas (CNG) prices by 10 per cent. Citing non-allocation of cheaper natural gas from the Union government as the reason for the hike, GSPC Gas Company (GGC), a subsidiary of GSPC, revised PNG prices from Rs 16.91 per standard cubic meter to Rs 20.91 per scm and CNG from Rs 45.25 per kg to Rs 50.20 per kg. The revision of PNG prices will be for domestic users.
About 44.5 lakh out of 2.43 crore consumers will benefit Extending some relief to lower middle class power consumers aggrieved over the recent tariff hike, the government has announced an additional subsidy of Rs.175 crore to insulate them from any extra burden.
In talks with Shell, Petronet LNG to book capacity Faced with a shortfall in gas production from its KG-D6 field, Reliance Industries Ltd (RIL) is set to make its debut in the marketing of imported natural gas. India Gas Solutions, the equal joint venture between RIL and British Petroleum (BP) set up to source and market natural gas in India, will shortly bring in liquefied natural gas (LNG) through the terminals of Shell India and Petronet LNG.
The Tamil Nadu government is planning to set up two 500-Mw LNG-based power plants to address the electricity shortage in the state. One of the plants would be set up near the five-million-tonne-per-annum Indian Oil Corporation terminal that was set up after a memorandum of understanding was signed. The second plant plans to take advantage of GAIL’s Kochi-Bangalore LNG pipeline, which passes through Tamil Nadu.