Category: oil-&-gas
Gail India to triple LNG capacity at Dabhol Terminal
Gail India plans to triple the capacity of its Dabhol LNG terminal to 15 million tonnes per annum by March 2031, following the expected completion of the breakwater facility in May. This ₹20,000 crore expansion will enable the terminal to operate year-round and increase capacity in phases, beginning with a jump from 5 mtpa to…
Petrobras signs oil deal with BPCL, cooperation pacts with OVL, Oil India
Petrobras signed agreements with BPCL for crude oil supply and with ONGC Videsh Ltd and Oil India Ltd for cooperation in oil and gas exploration. These strategic pacts aim to diversify India’s energy sources, enhance bilateral energy cooperation, and explore opportunities in India’s offshore regions, reinforcing India’s energy security and Petrobras’ role as a reliable…
India’s LNG imports to double by 2030: IEA
India’s LNG imports are projected to more than double by 2030, driven by an 11% annual rise in demand and sluggish local gas production growth. LNG consumption is expected to reach 64 bcm annually, with overall gas consumption surging to 103 bcm. Additional import capacity and contracts are essential to meet future needs.
French firm signs 2nd LNG supply deal with Indian co, to sell 400,000 tonnes to GSPC
TotalEnergies has signed a 10-year deal to supply 400,000 tonnes of LNG annually to Gujarat State Petroleum Corporation starting in 2026. The agreement aims at serving industrial customers, households, and CNG vehicles in India, reinforcing GSPC’s strategy to secure competitive LNG. This marks TotalEnergies’ second major LNG supply deal with an Indian company in the…
India is building a sanctions-proof supply chain for Russian oil
Indian oil refiners are restructuring supply chains with new entities and shipping arrangements to continue importing Russian crude amid stricter US sanctions. Despite challenges, including blacklisted sellers and tankers, efforts are underway to procure Russian oil without disrupting supplies or incurring higher costs.
BHEL bags order from MAHAGENCO for 1320 MW Koradi thermal power project
BHEL has won a contract from MAHAGENCO to set up two units of the 1320 MW Koradi supercritical thermal power station in Nagpur. The project involves design, engineering, manufacturing, and commissioning of the main plant, along with supply of emission control equipment. BHEL’s contribution to Maharashtra’s coal-based power capacity exceeds 75%.
IEA says India should free gas pricing; unbundle gas marketing, transportation business
IEA recommends India to liberate natural gas pricing and unbundle marketing and transportation to boost usage, projecting 60% rise in demand by 2030. It suggests policy reforms, gas pricing freedom for all fields, and infrastructure transparency to encourage cleaner fuel adoption and significant market growth.
Essar Group arm GreenLine Mobility to add LNG retail outlets this year
GreenLine Mobility Solutions plans to expand its LNG retail outlets from three to 10 by 2025 and increase its fleet of LNG-powered trucks to 1,000 by March FY25, aiming to cut emissions and reduce reliance on diesel. The expansion includes building critical fuelling infrastructure, crucial for India’s transition to a greener logistics industry, according to…
India wants to embrace nuclear power. To do it, it’ll need a lot of time and money
India is aiming to expand its nuclear power capacity significantly by 2047 with over $2 bn pledged toward research and changes in laws to attract investment. Despite nuclear power’s high cost and long installation time, it is seen as a necessary addition to combat climate change and improve energy reliability.
Adani may power up Bangladesh supply to 100%
Adani Power may restore its full electricity supply to Bangladesh as the country is reducing its power dues. Bangladesh’s payments have decreased from $1 billion in August 2024 to $700 million, with current monthly payments at $85 million. A meeting to resolve further issues between BPDB and Adani officials is ongoing.
