Page 3 - Lng

Global LNG demand expected to almost double by 2040 - Shell

Asia is expected to drive nearly 75% of LNG demand growth to 2040

Cheaper natural gas pushes IGL's Q3 consolidated net up 28% to Rs 382 cr

Total income declines 13.5% YoY to Rs 1,621 cr; firm says it is meeting fuel needs of over 1.2 mn CNG vehicles in NCR through a network of 560 CNG stations

Attractive LNG prices to boost India's plan on gas-based economy

India's efforts to build a gas based economy is set to get a boost from the falling spot LNG prices

Harsh winter in key markets drives spot LNG prices in Asia to record levels

Spot LNG in Asia is highly sensitive to marginal demand in Japan, Korea and China, where heating load has gone up significantly. Emergency buying by Japanese power firms is driving prices up

TOTAL France to acquire 20% stake in Adani Green Energy for $2.5 bn

As part of the current deal, TOTAL will pick up a 50 per cent stake in a 2.35 GW portfolio of operating solar assets owned by AGEL and a 20 per cent stake in AGEL for a global investment of $2.5 bn

IGX eyes 5% of total spot LNG and domestic gas trade on its exchange

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

Shell to write down assets again, taking cuts to more than $22 billion

Shell said the post-tax charge was due in part to impairments on its Appomattox field in the US Gulf of Mexico

India, Qatar set up task force to identify projects for investment

India and its biggest LNG supplier Qatar on Friday agreed to set up a task force to identify projects in India for investment by the gas-rich Gulf nation, Oil Minister Dharmendra Pradhan said. India imports 8.5 million tonnes per annum of gas in its liquid form (LNG) from Qatar under a long-term contract. It also buys LPG to meet the fast-expanding cooking gas requirements in the country. "Had a telecall with HE Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs and President & CEO Qatar Petroleum on promoting Qatari investments in the entire energy value chain in India," Pradhan tweeted. The call, he said, was a follow-up to Prime Minister Narendra Modi's discussion with the Emir of Qatar, Sheikh Tamin bin Hamad Al-Thani on December 8. "Minister Al-Kaabi and I have agreed to set up a Task Force on Energy, represented by VP of Qatar Petroleum and a senior officer from @PetroleumMin to identify specific projects in India's energy sector for Qatari investments," he .

Gujarat State Petroleum seeks LNG cargo for January delivery: Report

India's Gujarat State Petroleum Corp is seeking a LNG cargo for delivery in January, two industry sources said

India's refinery throughput recovers in Sep, LNG imports rising: Ind-Ra

The ratings agency's October 2020 credit digest edition highlighted an increase in LNG imports

India's new Mundra LNG terminal ramps up utilisation as demand rises

The terminal is currently connected to Anjar in southern Kutch -- which is about 40 kilometres away from Kandla port -- through a gas pipeline that has a diameter of 32-inches

Global LNG demand to rise for few decades, Covid a temporary blip: industry

Demand for liquefied natural gas is set to increase steadily for several decades helped by economic growth in Asia, industry executives said, with Covid-19 pandemic seen as only a short-term setback

India saves Rs 5000 cr in forex after capitalising on global low oil prices

State-owned oil firms were in April asked to buy import oil when global rates fell to a two-decade low.

Indian LNG importers issue force majeure notices as gas demand slumps

Top gas importer Petronet LNG has served a force majeure notice on Qatargas and is seeking delayed delivery of cargoes.

GSPC seeks six LNG cargoes for March to November delivery: Report

It is also seeking five cargoes for delivery over April to November, also on a DES basis, in a separate tender that closes on March 4

India set to import record LNG volumes as spot prices slump on virus impact

The country's annual LNG imports is expected to rise by 10%-15% this year, said Poorna Rajendran of consultancy firm FGE

Singapore's AG&P to invest $1.5 bn in various projects across South India

AG&P has city gas distribution license for Kanchipuram and Ramanathapuram districts of Tamil Nadu

Free-falling LNG prices wreak havoc on trade amid coronavirus fears

Asian spot prices for LNG have already tumbled to troughs of $3 per million British thermal units (mmBtu) - less than half of what they were at the same time last year

GAIL ferries imported LNG in trucks over 1,700 km to fuel demand in east

LNG is environment-friendly natural gas turned into liquid at minus 160-degree Celsius for ease of transportation in ships and truck

At least 100 petrol pumps, 5% in remote areas: New liberalised fuel policy

The government had last month relaxed norms for setting up petrol pumps, allowing non-oil companies to market fuel in the world's fastest growing market