GAIL to exit US shale venture
GAIL (India) Ltd has floated a tender to sell its 20 per cent interest in Eagle Ford Shale Assets in Texas by February 14, 2025. This decision follows a lack of profitability due to low gas prices and changing partnerships in the venture.
Adani Total Gas to invest Rs 16,000 crore in CNG, LNG infra expansion over 7 years
Adani Total Gas Ltd (ATGL) plans to invest ₹16,000 crore over the next seven years to expand its CNG station and pipeline network in India. Additionally, the company is expanding its EV charging infrastructure and has ventured into the LNG for transport and mining sector.
BPCL inks crude purchase pact with Brazil’s Petrobras
Bharat Petroleum Corporation Ltd (BPCL) has entered an annual crude purchase agreement with Brazil’s Petrobras, which includes a possible extension for another year. Additionally, Petrobras has signed preliminary agreements with ONGC Videsh and Oil India to jointly explore India’s deep and ultra-deep offshore regions. These agreements focus on exploration, production, and decarbonization opportunities.
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.
