Indian Gas Market

Industrial gases firm Air Liquide India on Friday said they have set up a manufacturing unit in Mathura, Uttar Pradesh, with an investment of Rs 350 crore with a view to expand its business. This air separation unit, it said, is dedicated to healthcare and industrial merchant activities in Kosi, Mathura. It has a production capacity of more than 300 tonnes of liquid oxygen and medical oxygen per day, as well as about 45 tonnes of liquid nitrogen and 12 tonnes of liquid argon per day, the company said in a statement. The unit will supply industrial gases across Delhi Capital Territory, Western Uttar Pradesh, Rajasthan, and Madhya Pradesh. The medical grade oxygen manufactured in this plant will be supplied to hospitals. It added that the new unit is planned to fully operate on renewable energy by 2030. "Air Liquide has invested around Rs 350 crore to build this state-of-the-art air separation plant," it said in a statement. Air Liquide India is a key supplier of industrial gases

Higher demand from gas-based power plants amid hot weather fuelled the rise

Falling freight rates for LNG shipments have reduced gas prices in India

The joint venture aims to double gas sales in four years and strengthen infrastructure to more than 600 retail outlets during the period to meet India's rising gas demand, Jha added

The Indian Gas Exchange (IGX) on Thursday said volume of gas traded on the platform rose 16 per cent in 2023 as producers and consumers flocked to the exchange. IGX recorded 1.22 billion cubic meters or 3.3 million standard cubic meters per day of gas trade in 2023, it said in a statement. December volume at 67 million standard cubic meters or 2.2 million standard cubic meters per day was a 7 per cent decline month-on-month. "A total of 132 trades were executed during the month. The maximum number of trades were executed in daily contract, 61 trades; followed by fortnightly and monthly contracts of 27 and 18 trades, respectively," the statement said. The most active delivery point for free market gas was Dahej and the domestic ceiling price gas was traded at Gadimoga. Other trading delivery points were Hazira, Ankot, Suvali, Mhaskal, Bhadbhut & KG Basin. During the month, the exchange traded gas flows were 37,26,500 million British thermal unit or mmBtu (around 3 mmscmd). GIXI ..

Domestic gas consumption has risen 13 percent in first 10-months of 2023

"From 2026, 2027 we will have more margin to read the price," he added

The regulator for the downstream energy sector has pitched an imported gas-based regime

Modi listed the upstream oil and gas reforms undertaken in the last seven years

Buys stake from Indian Energy Exchange (IEX)

Since its launch in June 2020, some 2 million standard cubic meters a day (mscmd) of natural gas have been traded on the Gas Trading Platform; current demand in India is around 160 mscmd

The government should bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister Narendra Modi's vision for a gas-based economy, the industry has said

The present zonal tariff structure, he said, results in additive tariffs for usage of multiple pipelines to transport natural gas from distant gas supply sources

Launched on Monday, the platform - set up by the Indian Energy Exchange - has so far traded 100 mmBtu gas.

In pics: All you need to know about India's first natural gas exchange

The fully-automated trading platform, set up by the Indian Energy Exchange (IEX), allow buyers as well as sellers to trade for imported natural gas

Currently, India is the fourth largest LNG importer after Japan, Korea, and China