Gas

Production growth in eight core infrastructure sectors slowed down to 2.3 per cent in February from 3.4 per cent in the same month last year, according to government data. Production of crude oil, natural gas, and refinery products declined during the month. During April-February, the cumulative production growth in infrastructure sectors was 2.9 per cent, compared with 4.4 per cent in the same period of the last financial year.

As LPG shortages disrupt kitchens amid West Asia tensions, induction cooktops are gaining ground. Here's a practical guide to choosing the right model for Indian cooking needs

The ongoing war in West Asia has disrupted LPG supplies to India. Restaurants are limiting operations and customers are panic buying cylinders.

The West Asia conflict is no longer just a geopolitical story. It is now moving markets in India. Natural gas prices are rising, LPG supply chains are tightening

After Shivalik, another LPG tanker, Nanda Devi, arrived in India on Tuesday, carrying more than 47,000 metric tons of liquefied petroleum gas (LPG). The vessel arrived at Gujarat’s Vadinar Port

Market participants turn cautious amid high LNG prices and supply regulation as West Asia conflict disrupts gas shipments and fuels uncertainty

QatarEnergy has halted production of liquefied natural gas (LNG) amid attacks on its facilities as tensions rise in West Asia

Geopolitics, rupee weakness and volatile gas prices are clouding India's oil and gas outlook, even as low crude offers temporary relief to OMCs and CGD firms

Indian Gas Exchange, the country's first online delivery-based trading platform for natural gas, is likely to launch an initial public offering (IPO) by December this year, its Managing Director and CEO Rajesh Kumar Mediratta said on Wednesday. Indian Energy Exchange (IEX) holds a 47 per cent stake in IGX, and as per regulations, it has to bring it down to 25 per cent. "The IPO was supposed to happen in 2025, but we have sought a one-year extension. It is now likely before December 2026," Mediratta said. The papers for the IPO are likely to be filed before the capital market regulator Sebi in the second quarter of 2026 calendar year. "As much as 22 per cent equity shares are likely to be offered in the share sale," he said, but refused to speculate on the valuations. Brokerages last valued IGX at Rs 2,200-3,000 crore. A slight premium over the valuation would mean that the 22 per cent stake sale could be worth Rs 600-700 crore. IGX operates an electronic trading platform for natu

A high-level expert committee set up by the Petroleum and Natural Gas Regulatory Board (PNGRB) has called for sweeping structural reforms to create a free, competitive natural gas market in India, arguing that market-driven pricing and open access are essential for the country's clean energy transition. In its report, Vision 2040 - Natural Gas Infrastructure in India, the panel led by former PNGRB chairperson D K Sarraf said a liberalised gas market would enhance transparency, spur investment, improve resource allocation and deepen liquidity. A competitive system, it said, would remove current market distortions and attract new players across exploration, pipelines, LNG terminals and city gas distribution. Natural gas, extracted from underground and offshore reservoirs, is used to generate power, produce fertiliser, turned into CNG to power vehicles, piped to household kitchens for cooking and serve as feedstock across several industries. Seen as a key transition fuel as India shift

Russia maintains its position as a leading oil producer, despite unfair competition being used against us, Putin said

The Nord Stream system consists of two double pipelines, Nord Stream 1 (NS1) and Nord Stream 2 (NS2), running under the Baltic Sea to Germany

US power demand is projected to reach record levels in 2025, driven by data centers for AI and cryptocurrency technologies, as well as higher residential and commercial consumption

The US is ramping up pressure on Europe to cut off energy revenue to Moscow, seeking to end the war in Ukraine. As Russia's most lucrative export, its fuel revenue has helped fund the war

The proposals set out how the European Union plans to fix into law its vow to end decades-old energy relations with Europe's former top gas supplier, made after Moscow's 2022 invasion of Ukraine

The country has reduced gas-based power generation capacity by 20 per cent or 5 GW in the last three months to 20.13 gigawatt (GW) as of April. The development comes at a time when the government has issued a directive to use unutilised gas-based generation capacity to ensure uninterrupted power supply during the summer season, when projected demand is expected to hit 277 GW. According to Central Electricity Authority (CEA) data, India's overall installed power generation capacity was 472.468 GW in April, while the share of gas-based capacity was at 20.13 GW. In March, the total power generation was at 475.211 GW and the share of gas-based capacity was at 24.53 GW. India's overall installed power generation capacity was at 470.448 GW in February and the share of gas-based capacity was at 25.18 GW. The power ministry has decided to use unutilised gas-based electricity generation capacity to ensure uninterrupted power supply and maintain grid security amid an anticipated rise in the

Global energy giant BP Plc, which produces one-third of India's natural gas, is targeting nearly 10 million cubic meters per day of additional output from the NEC-25 block in the Mahanadi basin, spurred by recent upstream reforms introduced by the Modi government. Its chief executive Murray Auchincloss said India's upstream oil and gas policy overhaul through a new legislation has made several improvements important for foreign investors and will help attract global players. BP and its partner Reliance Industries Ltd (RIL) produce about 28 million standard cubic meters per day or almost a third of India's total gas output, from their Krishna Godavari basin deepsea block KG-DWN-98/3 (KG-D6) in the Bay of Bengal. The two are now looking to put into production discoveries in the Block NEC-OSN-97/2 (NEC-25) off the Odisha coast. "Block NEC 25 represents an opportunity to unlock the hydrocarbon potential of a new hub on India's East coast, with production potential of up to 9.9 mmscmd o

Also receives liquidated damages levy notice over battery PLI milestone delay

International Energy Agency (IEA) on Wednesday asked India to free up its pricing of natural gas and unbundling of marketing and transportation business to help increase usage of the fuel in the economy. IEA in the India Gas Market Report: Outlook to 2030 projected the country's gas consumption rising by 60 per cent to 103 billion cubic metres (bcm) annually by the end of the decade. As India targets raising the share of relatively cleaner natural gas in its energy basket to 15 per cent by 2030 from just above 6 per cent currently, IEA prescribed a set of policy reforms to usher in its greater use. Pricing of gas, which is used to generate electricity, make fertilisers and turned into CNG to power automobiles and piped to household kitchens for cooking, is skewed. Gas from legacy fields of state-owned firms like ONGC and Oil India Ltd is currently capped at USD 6.5 per million British thermal unit while there are limits also imposed on fuel from difficult and high costing fields lik

The Indian Gas Exchange (IGX) has sought regulatory approvals to launch 3-6 month gas contracts benchmarked to international gas prices, its chief executive Rajesh Kumar Mediratta said. IGX currently allows gas suppliers to sell the fuel on the exchange for durations ranging from daily, weekly, fortnightly and monthly. It also offers intraday trading at a fixed price. Mediratta said the exchange has applied to the regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), for permission to launch three-month and six-month delivery contracts indexed to gas benchmarks such as FIXI and Platts JKM, WIM and Dated Brent. "We are awaiting a clearance from PNGRB," he said. The new long-duration contracts will have a payment cycle of a fortnight compared to the current system of payments being made in 2-3 days after delivery. Also, IGX is looking to introduce green certificates for trading, he said, as the government looks to make the usage of 1 per cent compressed biogas (CBG) mandato