Page 2 - Gas

India's gas reliance grows as Europe cuts down on energy consumption

India's demand for the fuel has slumped 5 per cent in the April-September period of FY23 to 31.5 billion cubic metres from a year ago, after rising 5 per cent 2021-22

AG&P Pratham signs MoU with Karnataka govt to develop city gas distribution

/ -- AG&P Pratham, a leading player in the Indian City Gas Distribution (CGD) industry and the Government of Karnataka signed a Memorandum of Understanding (MoU) for the development of City Gas Distribution (CGD) networks to supply reliable, economical, and environment-friendly natural gas across fifteen districts of Karnataka. The MoU was signed during the Global Investors Meet 2022 being held in Bangalore from 2nd to 4th November 2022. Under the MoU, AG&P Pratham will invest INR 8,000 crores over the next eight years to build CGD networks in districts of Kolar, Mysuru, Mandya, Chamrajnagar, Hassan, Chikkamagaluru, Kodagu, Bagalkot, Koppal, Raichur, Kalaburagi, Vijayapura, Shivamogga, Uttara Kannada and Haveri. The area being developed by AG&P accounts for more than 55% of the state's geographical area and 42% of its population. Over the next 8 years, AG&P plans to build ~ 1000 km of steel pipelines, and ~5000 km of MDPE pipelines to bring natural gas to 5 million ...

Coal to be back again as gas becoming unaffordable: FM Nirmala Sitharaman

Given the global energy crisis, Finance Minister Nirmala Sitharaman has said that coal is going to be back again as gas has become unaffordable. Sitharaman, who attended the annual meetings of the International Monetary Fund and the World Bank, said the western world has seen countries moving to coal. The Western world has seen countries moving to coal. Austria has already said, and todaythey are going back to coal, Sitharaman told a group of reporters from India during an interaction on Saturday. Russia has sharply curtailed natural gas shipments to Europe in retaliation for sanctions that the West put in place after its invasion of Ukraine. In late April, Russia cut off gas supplies to Bulgaria and Poland after they refused Moscow's demand to pay for the deliveries in rubles, Russia's currency. Also, apart from that many countries in the West are moving away from coal to generate electricity as it contributes to climate change and air pollution. Responding to a question on her

Russia ready to resume gas supplies to EU via Nord Stream 2: Putin

Russian President Vladimir Putin said Wednesday that Moscow is ready to resume gas supplies to Europe via a link of Germany-bound Nord Stream 2 pipeline under the Baltic Sea. Speaking at a Moscow energy forum, Putin again charged that the U.S. was likely behind the explosions that ripped through both links of the Nord Stream 1 pipeline and one of the two links of the Nord Stream 2 pipeline, causing a massive gas leak and taking them out of service. The U.S. has previously rejected similar allegations by Putin.

Will weigh what Russia offers on Sakhalin-1 ownership revamp: Hardeep Puri

India maintains a "healthy dialogue" with Russia and will look at what is offered following announced ownership revamp to the Sakhalin-1 oil and gas project, Hardeep Singh Puri said

Ashok Leyland, IIT Madras tie up to develop hybrid EVS using turbine tech

While the main powertrain will be the electric motor, the onboard power would be generated by a micro gas turbine developed jointly by NCCRD and Aerostrovilos Energy, an IITM-incubated start-up

Coal crisis hits SAIL's Bhilai steel plant output in Chhattisgarh

A stranded ferry from the Visakhapatnam port is cited to be the reason for plunging it into a deep crisis.

Centre to relax rules, fast-track new measures for oil & gas exploration

More processes to be brought under the self-certification framework while clearance portal is being upgraded

BPCL to spend Rs 1.4 trn on petrochemicals, gas business in next five years

BPCL, which owns 20,217 out of 83,685 petrol pumps in the country, is looking at not just selling petrol and diesel at bunks but also providing EV charging as well as fuels of the future like hydrogen

MGL, Gujarat Gas: Analysts see some silver lining for downstream gas stocks

Analysts have lowered their earnings estimates, but have 'buy' recommendations for several stocks

Govt eyes ending schemes, including PAHAL, with wasteful expenditures

The PAHAL scheme, launched in 2013, is aimed at reduce diversion and eliminate duplicate or bogus LPG connections

Indigenous stealth drone makes maiden flight from test range in Karnataka

The stealth drone, also referred to as an Unmanned Combat Airborne Vehicle (UCAV), has been designed and developed by the Aeronautical Development Establishment (ADE), Bengaluru

European gas futures gain as Germany sounds alarm over Russia disruption

Front-month benchmark futures rose as much as 5.8% after German Economy Minister Robert Habeck enacted the "alarm" phase of the emergency plan, saying that Europe's biggest economy is in a gas crisis

Germany taking steps on 'serious' gas situation, says economic minister

Germany will reduce gas consumption in the power sector and industry and push the filling of storage facilities, Habeck said, adding that the government is ready to take further measures if needed

New gas pipeline boosts Europe's bid to ease Russian supply

The pipeline connection will give the country access to ports in neighbouring Greece that are importing liquefied natural gas, or LNG

CNG price hiked by Rs 2.5 per kg, piped cooking gas by Rs 4.25

In all, the CNG price has risen by Rs 15.6 per kg in less than six weeks. This includes a Rs 7.50 per kg hike in this month alone

EU energy roadmap to cut reliance on Russian gas by two-third in a year

he plan envisages ending reliance on all Russian fossil fuels 'well before' 2030

Ukraine crisis: Europe scrambles to reduce dependence on Russian gas

Europe is scrambling to reduce its dependence on Russia for energy and bracing for potential disruption to critical natural gas supplies as Russia's war in Ukraine sends prices to new highs. Natural gas prices hit a record Thursday for a second day in a row as restrictions on oil and gas were increasingly treated as a possibility on the eighth day of the war whether through Western sanctions or Russian retaliation. That could mean even more pain to people's wallets: Energy prices have been high for months because of low supplies, driving up the cost of everything from utility bills to groceries as businesses pass along their costs to customers. Traders were factoring in the rising probability of sanctions on gas for each day the offensive continues, said Kaushal Ramesh, senior analyst at Rystad Energy. The price of gas is 10 times what it was at the start of 2021. But it continues to flow through the major pipelines from Russia to Europe, including those through Ukraine, pipeline

Other suppliers may replace Russia in gas market in 5 yrs: World Bank prez

The world has enough energy suppliers to provide an alternative to Russia in the gas market within the next five years, World Bank President David Malpass said on Sunday.

Inpex to conduct exploratory gas drilling off west Japan from March

The project, off the Yamaguchi and Shimane prefectures, if successful, is expected to help improve the country's energy self-sufficiency rate