Liquefied Natural Gas

LNG traders divert cargoes from Europe to Asia as eastern demand rises

Quick change in course reflects agility of trading firms in sending LNG supplies to Europe or Asia, whichever pays, as colder weather increases competition between the two regions for the fuel

Federal judge temporarily blocks Biden admin rule to limit flaring of gas

A federal judge in North Dakota has temporarily blocked a new Biden administration rule aimed at reducing the venting and flaring of natural gas at oil wells. At this preliminary stage, the plaintiffs have shown they are likely to succeed on the merits of their claim the 2024 Rule is arbitrary and capricious, US District Judge Daniel Traynor ruled Friday, the Bismarck Tribune reported. North Dakota, along with Montana, Texas, Wyoming and Utah, challenged the rule in federal court earlier this year, arguing that it would hinder oil and gas production and that the Interior Department's Bureau of Land Management is overstepping its regulatory authority on non-federal minerals and air pollution. The bureau says the rule is intended to reduce the waste of gas and that royalty owners would see over USD 50 million in additional payments if it was enforced. But Traynor wrote that the rules "add nothing more than a layer of federal regulation on top of existing federal regulation. When pum

ADNOC agrees to supply Indian Oil with 1 MMT LNG per year for 15 years

ADNOC has big ambitions in gas and LNG, which along with renewable energy and petrochemicals it sees as pillars for its future growth, putting it in competition with regional rivals Qatar

The petrochemical shift that could quench LPG production thirst

IndianOil's petrochemical strategy is primarily based on utilising captive feedstocks, he said

TotalEnergies signs deal with Oman to build LNG hub, eyes marine fuel mkt

TotalEnergies, which owns 5.54% of Oman LNG, will be supplied by the company for 10 years from 2025, they said in separate statements

Green hydrogen at a crossroads

The cost-effectiveness of producing white hydrogen is raising concerns among those who placed early bets on green hydrogen

'Rich' to 'lean', 4 price changes: Story of India's largest gas import deal

Petronet renewing a contract to buy 7.5 million tonnes of LNG from Qatar annually from 2029 for 20 years is the largest-ever extension of super-chilled fuel in the world, and will support India's clean energy goals, officials said. The original 25-year deal was signed in 1999 and supplies started in 2004. Qatar has since then never defaulted on a single cargo and neither did it slap penalties under take-or-pay clause when the Indian firm did not take deliveries because prices were too high, top Petronet officials said. Supplies under the extended contract would start after Petronet takes deliveries of 52 cargoes it had failed to take in 2015-16 when prices had shot up sharply. While the volumes in contract have not changed, price changed four times, including the latest one when the contract extension was renegotiated. The composition of the gas promised to be delivered has also changed. RasGas, which is now QatarEnergy, had originally signed to supply 'rich' or gas containing ...

Petronet signs a new long-term agreement to source LNG from Qatar

An existing deal for another 7.5 MMTPA of LNG from Qatar, signed back in 1999, was also recently extended by the company till 2028

QatarEnergy halts Red Sea LNG shipping amid attacks, seeks security advice

At least four tankers used to carry Qatari LNG were held up over the weekend after U.S. and British forces responded by carrying out dozens of air and sea strikes on Houthi targets in Yemen

Asia-Europe LNG spread at widest level in almost two years: S&P Global

The spread between the Japan Korea Market, used as an Asian benchmark, and the Title Transfer Facility, the European gas benchmark, was assessed at $2.79 per million British thermal units on Wed

Govt hikes domestic natural gas prices to $9.20 per mmBTu from Oct 1

The hike in prices is likely to hurt consumers as the gas distribution companies are expected to increase prices of CNG and PNG

Gas regulator to pitch for building gas storage to boost clean fuel usage

The country aims to raise the share of natural gas in its energy mix to 15% by 2030 from about 6.5% now

Pricing pressure

Gas pricing needs a long-term perspective

'India's gas imports to rise on easing global prices', says Petronet LNG

India's gas imports in October and November declined by about a fifth to about 1.8 million tonnes from this fiscal year's peak of 2.2 million tonnes in May

Germany to get new Qatari LNG flows via QatarEnergy, ConocoPhillips deal

Qatar's energy minister Saad al-Kaabi sees no limit to the amount of liquefied natural gas (LNG) that the country is willing to ship to Germany

Emergency bid: GAIL inks agreement with ADNOC to secure LNG supply

Officials said the agreement represents a reworking of India's gas sourcing strategy as the country aims to aggressively source LNG from a wider list of nations

Black swan events in global markets upset India's long-term LNG story

With prices soaring and competition for the fuel rising, India's inability to negotiate term contracts with global suppliers puts Rs 2 trillion of investment at risk

India plans to set up strategic gas reserve amid global energy crisis

Amid a deepening global energy crisis, India is planning to set up a strategic gas reserve on the lines of its strategic petroleum reserve (SPR)

Strong demand to drive gains for stocks of city gas distributors

GAIL has come under pressure since it is not receiving contracted liquefied natural gas (LNG) cargoes and it is being forced to buy LNG at much higher prices

Govt holding bilateral talks over Gazprom-GAIL issue, won't seek penalty

The centre may neither pursue arbitration with Gazprom, the world's largest natural gas explorer, nor accept a penalty from the company after it halted supplies to GAIL in May