India hedges energy bets: Starts LNG supply from Russia

Within weeks of starting the first ever long-term LNG supply from the US, India opened up yet another source of natural gas with the arrival of the first LNG shipment from Russia. Russia is currently, world’s largest crude oil & second largest gas producer in the world. While, lndia is world’s 3rd largest energy consumer […]

Indian Oil books 60% of Adani’s LNG terminal capacity at Dhamra

Adani Ports and Special Economic Zone said it signed a long term agreement with Indian Oil Corporation (IOC) to provide Liquefied Natural Gas (LNG) regasification services on a use-or-pay basis at its upcoming LNG import terminal at Dhamra in Odisha. As per the contract, IOC has booked 3 million tonnes per annum (MTPA) regasification capacity […]

US starts shipping LNG to India, first GAIL ship sets sail from Louisiana

More than six years after an agreement was signed, US-based Cheniere Energy has started supplying liquefied natural gas or LNG to India. The first ship, Meridian Spirit, set sail from Louisiana and will reach Dabhol in Maharashtra by around 28 March, said GAIL, which is India’s largest gas supplier. Under the terms of the supply […]

Reliance Power awards Rs 5,000 cr Bangladesh project to Reliance Infrastructure

Reliance Infrastructure Limited said it won two constructiong contracts in Bangladesh together valued at Rs. 5,000 crore. The contracts arer for creating a 750 MW LNG-based combined cycle power plant at Meghnaghat (Dhaka) while the second project is for building a 500 MMSCFD floating storage regasification unit (FSRU) based integrated LNG terminal project at Kutubdia […]

India’s natural gas supply to increase by 60% to about 150 MMSCMD till FY25 – ICRA

The demand for natural gas in India will increase to ~330 MMSCMD by FY 25, while the supply will increase by 60% to around 150 MMSCMD by FY 25, credit rating agency ICRA said. The increase in supply will be due to the likely commencement of GSPC’s Deen Dayal block and ONGC’s KG basin blocks […]

Petronet LNG tries innovative services to boost Kochi utilization

Petronet LNG Ltd said it is offering value-added-services to enhance the utilization of the Kochi LNG terminal, which has been a big drag on the company’s finances. The 5 million tonnes per annum (mtpa) has been a major headache for the company as various infrastructure bottlenecks have prevented the terminal from raising utilization levels beyond […]