News

GAIL rises as its arm commences PNG supply to industrial customers in Adityapur GAIL (India) is currently trading at Rs. 127.05, up by 1.00 points or 0.79% from its previous closing of Rs. 126.05 on the BSE. The scrip opened at Rs. 127.05 and has touched a high and low of Rs. 127.35 and Rs. 125.90 respectively. So far 475797 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 128.10 on 08-Sep-2023 and a 52 week low of Rs. 83.00 on 26-Sep-2022. Last one week high and low of the scrip stood at R...
GAIL rises as its arm commences PNG supply to industrial customers in Adityapur
GAIL rises as its arm commences PNG supply to industrial customers in Adityapur
Source: Accord Fintech
8/09/2023 11:42:02 AM
India`s Adani Total Gas reports 9% rise in Q1 profit on higher CNG sales  India's Adani Total Gas reported a nearly 9% rise in first-quarter profit on Tuesday, helped by higher sales of compressed natural gas (CNG). The company, which distributes piped gas to various Indian cities, said consolidated profit rose to 1.50 billion rupees ($18.2 million) for the quarter ended June 30 from 1.38 billion rupees a year earlier. Adani Total, part of the Adani group conglomerate, said its CNG volume increased 18% from last year led by an addition of 11 new sta...
India`s Adani Total Gas reports 9% rise in Q1 profit on higher CNG sales
India`s Adani Total Gas reports 9% rise in Q1 profit on higher CNG sales
Source: Reuters
1/08/2023 5:07:51 PM
GAIL India issues swap tender for 12 LNG cargoes in 2024 - sources  GAIL (India) Ltd has issued a swap tender seeking 12 cargoes of liquefied natural gas (LNG) for loading in the U.S. in exchange for 12 cargoes for delivery into India in 2024, two industry sources said on Friday. India's largest gas distributor is offering the cargoes for loading from the Sabine Pass terminal in the U.S., and seeking the cargoes for delivery into India's Dhamra terminal. The tender closes on June 22, the sources said.   (Reporting by Emily Chow;...
GAIL India issues swap tender for 12 LNG cargoes in 2024 - sources
GAIL India issues swap tender for 12 LNG cargoes in 2024 - sources
Source: Reuters
16/06/2023 10:07:46 AM
GreenLine partners with Nestle India for sustainable logistics using LNG-powered fleet GreenLine, India's first and only LNG-fuelled heavy trucking logistics company, on Friday announced the deployment of its LNG-powered containers at Nestle's Sanand facility. The partnership is in line with Nestle India's sustainability goals as it looks to reduce the carbon footprint of its logistics operations. GreenLine has custom created the first-of-its-kind 46 feet long containers which will be deployed for transporting Maggi noodles from Nestle's factory at Sanand,...
GreenLine partners with Nestle India for sustainable logistics using LNG-powered fleet
GreenLine partners with Nestle India for sustainable logistics using LNG-powered fleet
Source: IANS
19/05/2023 5:33:05 PM
GAIL plans $4.9 billion ethane cracker in West India GAIL (India) Ltd, the country's top gas supplier, plans to build a 400-billion rupee ($4.89 billion) ethane cracker near its liquefied natural gas (LNG) import plant in Western India, two sources with direct knowledge of the matter said, as it seeks to meet an expected surge in demand. Indian companies are boosting their petrochemical production capacity as the expanding economy boosts the need for goods ranging from plastics to paints and adhesives. A cracker produces ethylene, requir...
GAIL plans $4.9 billion ethane cracker in West India
GAIL plans $4.9 billion ethane cracker in West India
Source: Reuters
10/05/2023 2:21:54 PM
Australian government to subsidise power bills for millions with cost-of-living pressure Millions of Australians will receive rebates from their energy bills under a cost of living relief package. Treasurer Jim Chalmers on Sunday announced the federal budget for 2023-24, which he will hand down on Tuesday, will include about 1.5 billion Australian dollars ($1.01 billion) to subsidise the energy bills of pensioners, welfare recipients and small businesses. It means about 5.5 million households and 1 million businesses will receive relief worth up to 500 Australian dollars ($...
Australian government to subsidise power bills for millions with cost-of-living pressure
Australian government to subsidise power bills for millions with cost-of-living pressure
Source: IANS
7/05/2023 4:50:53 PM
India`s top gas importer sees `huge jump` in demand as prices ease India's top gas importer Petronet LNG expects a 'huge jump' in local gas demand for at least six months due to a softening of global prices of liquefied natural gas (LNG), its chief executive A. K. Singh said on Wednesday. Indian gas demand is already showing signs of recovery after global LNG prices fell to about $11 per million British thermal units in Asian markets. Petronet operated its 17.5 million tonnes a year Dahej LNG terminal on the west coast at 97% in April compa...
India`s top gas importer sees `huge jump` in demand as prices ease
India`s top gas importer sees `huge jump` in demand as prices ease
Source: Reuters
4/05/2023 9:06:53 AM
India`s GAIL to get 4 LNG cargoes from Germany`s Sefe in May Indian gas firm GAIL (India) Ltd will get 4 cargoes of liquefied natural gas (LNG) from Germany's Sefe in May, equivalent to volumes it was getting under a deal with a former unit of Russia's Gazprom, Chairman Sandeep Gupta said on Monday. Sefe supplied 2 LNG cargoes each in March and April. "Sefe will decide on volumes on a month to month basis," Gupta told reporters on the sidelines of an event. The resumption of supplies from Sefe is crucial for GAIL, which repor...
India`s GAIL to get 4 LNG cargoes from Germany`s Sefe in May
India`s GAIL to get 4 LNG cargoes from Germany`s Sefe in May
Source: Reuters
24/04/2023 2:20:15 PM
India`s GAIL seeks LNG cargo for May delivery to Dhamra terminal GAIL (India) has issued a swap tender offering one liquefied natural gas (LNG) cargo for loading in the United States in exchange for another cargo for delivery to India, two industry sources said on Wednesday. India's largest gas distributor is seeking the cargo for delivery on a delivery ex-ship (DES) basis at the Dhamra terminal between May 16-25. It is offering the cargo for May loading from the Sabine Pass terminal, also on a DES basis, the sources said, adding that the tender ...
India`s GAIL seeks LNG cargo for May delivery to Dhamra terminal
India`s GAIL seeks LNG cargo for May delivery to Dhamra terminal
Source: Reuters
13/04/2023 3:44:11 PM
GAIL trades higher on the bourses GAIL is currently trading at Rs. 110.60, up by 0.40 points or 0.36% from its previous closing of Rs. 110.20 on the BSE. The scrip opened at Rs. 110.20 and has touched a high and low of Rs. 111.30 and Rs. 109.70 respectively. So far 504308 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.69 on 19-Apr-2022 and a 52 week low of Rs. 83.00 on 26-Sep-2022. Last one week high and low of the scrip stood at Rs. 112.4...
GAIL trades higher on the bourses
GAIL trades higher on the bourses
Source: Accord Fintech
20/03/2023 11:18:31 AM
GAIL inks pact with Shell Energy for ethane sourcing GAIL India has signed an agreement with Shell Energy India Private Limited to explore opportunities for infrastructure development for ethane sourcing. In a bid towards diversification of the feedstock for its petrochemical plant, GAIL is looking to import ethane from ethane-surplus countries with matured export terminal infrastructure through water borne transportation to India and for moving it further through GAIL's pipeline systems to demand centres, a company statement said. Th...
GAIL inks pact with Shell Energy for ethane sourcing
GAIL inks pact with Shell Energy for ethane sourcing
Source: IANS
17/03/2023 6:08:07 PM
GAIL climbs on signing MoU with Shell Energy India GAIL (India) is currently trading at Rs. 111.00, up by 1.40 points or 1.28% from its previous closing of Rs. 109.60 on the BSE. The scrip opened at Rs. 110.40 and has touched a high and low of Rs. 111.70 and Rs. 109.45 respectively. So far 728308 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.69 on 19-Apr-2022 and a 52 week low of Rs. 83.00 on 26-Sep-2022. Last one week high and low of the scrip stood at R...
GAIL climbs on signing MoU with Shell Energy India
GAIL climbs on signing MoU with Shell Energy India
Source: IANS
17/03/2023 4:01:14 PM
India`s IOC seeks 8 LNG cargoes for Dhamra terminal SINGAPORE- State-run Indian Oil Corp has issued a tender seeking eight cargoes of liquefied natural gas (LNG) to be delivered to the Dhamra terminal on India's east coast, three industry sources said on Thursday. The cargoes are to be delivered between June 2023 and May 2024. One of the sources said the tender closes on March 22. The Dhamra terminal by Adani Total Private Ltd will be India's first one on the east coast. It is expected to receive its first LNG cargo in April and ...
India`s IOC seeks 8 LNG cargoes for Dhamra terminal
India`s IOC seeks 8 LNG cargoes for Dhamra terminal
Source: Reuters
16/03/2023 12:55:35 PM
GAIL soars on getting NCLT`s nod for resolution plan for JBF Petrochemicals GAIL (India) is currently trading at Rs. 110.30, up by 0.30 points or 0.27% from its previous closing of Rs. 110.00 on the BSE. The scrip opened at Rs. 111.15 and has touched a high and low of Rs. 111.45 and Rs. 109.70 respectively. So far 534792 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.69 on 19-Apr-2022 and a 52 week low of Rs. 83.00 on 26-Sep-2022. Last one week high and low of the scrip stood at R...
GAIL soars on getting NCLT`s nod for resolution plan for JBF Petrochemicals
GAIL soars on getting NCLT`s nod for resolution plan for JBF Petrochemicals
Source: Accord Fintech
15/03/2023 3:14:41 PM
GreenLine Logistics signs LNG supply agreement with Baidyanath LNG GreenLine Logistics (Green Planet Logistics Pvt Ltd.), India's first and only LNG-fueled heavy trucking logistics company, has entered into an LNG supply agreement with Baidyanath LNG Private Limited (BLNG). GreenLine Logistics has currently deployed its LNG fleet with leading cement manufacturers for inbound and outbound transportation of raw materials as well as finished products. The company plans to deploy ~1,600 LNG trucks by March 2024. These state-of-the-art LNG trucks, manuf...
GreenLine Logistics signs LNG supply agreement with Baidyanath LNG
GreenLine Logistics signs LNG supply agreement with Baidyanath LNG
Source: IANS
2/03/2023 4:53:38 PM
India`s GAIL explores up to 26% equity stake in U.S. LNG projects  India's largest gas distributor GAIL (India) Ltd is looking to buy an equity stake of up to 26% in a liquefied natural gas (LNG) liquefaction plant or project in the United States, according to a document issued by the company. GAIL had run into supply disruptions last year after Russia-owned Gazprom Marketing and Trading (GMTS) failed to deliver some LNG cargoes, following western sanctions on Moscow over its invasion of Ukraine. The company is, either directly or through its...
India`s GAIL explores up to 26% equity stake in U.S. LNG projects
India`s GAIL explores up to 26% equity stake in U.S. LNG projects
Source: Reuters
17/02/2023 2:30:20 PM
Essar group eyes forays into clean energy, infrastructure, IT solutions The Essar Group plans to rearrange its priorities to focus on four major verticals like energy, infrastructure and logistics, technology and retail, as well as metals and mining. Speaking to IANS on the sidelines of the India Energy Week, which was held in Bengaluru between February 6 to 8, Essar Capital Director Prashant Ruia informed that the company has outlined a blueprint focussing on the above mentioned sectors. In the energy sector, the company has envisioned a 10 million tonnes ...
Essar group eyes forays into clean energy, infrastructure, IT solutions
Essar group eyes forays into clean energy, infrastructure, IT solutions
Source: IANS
10/02/2023 11:06:29 AM
India`s Reliance stops local petcoke sales, boosts imports -sources  Reliance Industries has stopped selling petroleum coke within India and boosted imports of the product to turn it into synthetic gas to power its refineries, according to two sources familiar with the matter and trade data. Petroleum coke is a carbon intensive solid residue left over from coking units in oil refineries that break down residual oil into more highly valued products. Petcoke, as it is known, can be used as a coal substitute in both steelmaking and in power plants. Re...
India`s Reliance stops local petcoke sales, boosts imports -sources
India`s Reliance stops local petcoke sales, boosts imports -sources
Source: IANS
31/01/2023 2:03:20 PM
Japan power company seeks to raise household electricity prices by 30% The Tokyo Electric Power Company Holdings Inc. (TEPCO) said that it has applied to the government to raise its regulated electricity rates for households by around 30 per cent from June in response to surging energy prices and the yen's weakening. The rate hike application, following five other major power companies which have already filed for the government's approval to raise prices by between 28 per cent and 46 per cent from April, reflects a deteriorating business performance ...
Japan power company seeks to raise household electricity prices by 30%
Japan power company seeks to raise household electricity prices by 30%
Source: IANS
24/01/2023 1:45:08 PM
GAIL India seeks two LNG cargoes for February delivery - sources GAIL (India) Ltd has issued a buy tender seeking two liquefied natural gas (LNG) cargoes for delivery into India, two industry sources said on Tuesday. India's largest gas distributor is seeking the cargoes for delivery during the month of February on a delivered ex-ship (DES) basis into the country's Dabhol terminal. The tender closes on Wednesday, Jan. 18, added the sources.
GAIL India seeks two LNG cargoes for February delivery - sources
GAIL India seeks two LNG cargoes for February delivery - sources
Source: Reuters
17/01/2023 9:30:41 AM
JK Lakshmi Cement ties-up with GreenLine Logistics to roll out first LNG fleet in India JK Lakshmi Cement, one of India's leading cement manufacturers, on Wednesday announced its tie up with GreenLine, a pioneer in green and smart logistics in India, for the introduction of LNG-fuelled heavy trucks in its logistics. With this association, GreenLine will enable JK Lakshmi Cement to decarbonise its road logistics operations in a phased manner over the next few years. Starting with a fleet of 10 LNG trucks plying on the Sirohi(Rajasthan)-Surat (Gujarat) route, the compan...
JK Lakshmi Cement ties-up with GreenLine Logistics to roll out first LNG fleet in India
JK Lakshmi Cement ties-up with GreenLine Logistics to roll out first LNG fleet in India
Source: IANS
29/12/2022 10:03:19 AM
Germany`s first LNG terminal starts operations Germany's first liquefied natural gas (LNG) terminal has started operations, a day ahead of schedule, according to the country's largest gas importer Uniper. A tanker loaded with around 165,000 cubic meters of LNG has already docked at the new terminal days before, reports Xinhua news agency. The LNG was "enough to supply around 50,000 households for a year", according to the government, which had chartered the tanker. On December 17, the LNG terminal at Wilhelmshav...
Germany`s first LNG terminal starts operations
Germany`s first LNG terminal starts operations
Source: IANS
22/12/2022 12:32:48 PM
ADNOC Logistics, AG&P sign 11-year charter deal for India import terminal The maritime logistics arm of state oil firm Abu Dhabi National Oil Company (ADNOC) and Singapore-based Atlantic, Gulf and Pacific (AG&P) have signed a charter agreement to use a liquefied natural gas (LNG) carrier as a floating storage unit in India. The LNG carrier is owned by ADNOC Logistics & Services (ADNOC L&S). It will be used at AG&P's LNG import terminal in India which will be commissioned in the second half of 2024, according to a statement by AG&P on Wedn...
ADNOC Logistics, AG&P sign 11-year charter deal for India import terminal
ADNOC Logistics, AG&P sign 11-year charter deal for India import terminal
Source: Reuters
21/12/2022 5:13:03 PM
Japan`s Mitsui OSK signs charter with India`s GAIL for LNG carrier Japan's Mitsui OSK Lines (MOL) and state-run GAIL (India) Ltd have signed a time charter contract for a newbuild liquefied natural gas (LNG) carrier, and for joint ownership of an existing LNG carrier. The newbuild vessel will be built by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering with a charter period from 2023, according to a joint statement by MOL and GAIL on Wednesday. This is the second charter agreement for an LNG carrier signed between MOL and GAIL,...
Japan`s Mitsui OSK signs charter with India`s GAIL for LNG carrier
Japan`s Mitsui OSK signs charter with India`s GAIL for LNG carrier
Source: Reuters
21/12/2022 1:44:16 PM
European Union states agree $191 gas price cap to contain energy crisis European Union (EU) member states have agreed to cap natural gas prices in the bloc at 180 euros ($191) per megawatt-hour (MWh) in an effort to ensure the security of energy supply. "We have managed to reach a very important agreement on the price ceiling for gas. Europe will thus have a package of measures to help it prepare for next winter and protect citizens and businesses from extreme price fluctuations," said Jozef Sikela, the Czech Republic's minister in charge of indu...
European Union states agree $191 gas price cap to contain energy crisis
European Union states agree $191 gas price cap to contain energy crisis
Source: IANS
20/12/2022 12:23:38 PM
Malaysia`s exports up 15.6% in November Malaysia's exports rose by 15.6 per cent year on year to 130.24 billion ringgit ($29 billion) in November, official data revealed on Monday. Export expansion was underpinned by strong exports of electrical and electronic (E&E) products, liquefied natural gas (LNG), petroleum products as well as crude petroleum, the Ministry of International Trade and Industry (MITI) said in a statement. According to the statement, E&E products, valued at 53.16 billion ringgit and accounted f...
Malaysia`s exports up 15.6% in November
Malaysia`s exports up 15.6% in November
Source: IANS
19/12/2022 2:58:59 PM
Malaysian economy to moderate in 2023 The Malaysian economy will moderate in 2023 amid challenging external conditions and slowing domestic demand, economists said on Thursday. The Maybank Investment Bank Research said in a report that it expects Malaysia's full-year growth to moderate to 4 per cent in 2023 from 2022's growth forecast of 8 per cent, mainly reflecting moderation in domestic demand, Xinhua news agency reported. The research house sees slower growth in private consumption next year as pent-up spending ...
Malaysian economy to moderate in 2023
Malaysian economy to moderate in 2023
Source: IANS
15/12/2022 4:12:24 PM
India needs to promote flex-fuel vehicles to deal with fluctuations in crude oil prices : Nitin Gadkari Addressing an event organised by the Society of Indian Automobile Manufacturers (SIAM), Union Road, Transport and Highways Minister Nitin Gadkari has said that the country needs to promote vehicles running on more than one fuel (flex-fuel vehicles) and e-vehicles to tide over the problems created by wide fluctuations in crude oil prices in the international market. The SIAM in New Delhi on Monday organised a technology demonstration conceptualised on adoption of ethanol and use of flex-fue...
India needs to promote flex-fuel vehicles to deal with fluctuations in crude oil prices : Nitin Gadkari
India needs to promote flex-fuel vehicles to deal with fluctuations in crude oil prices : Nitin Gadkari
Source: IANS
13/12/2022 9:29:50 AM
GAIL (India) rises on the BSE GAIL (India) is currently trading at Rs. 91.60, up by 0.65 points or 0.71% from its previous closing of Rs. 90.95 on the BSE. The scrip opened at Rs. 91.00 and has touched a high and low of Rs. 91.75 and Rs. 90.20 respectively. So far 291539 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.63 on 19-Apr-2022 and a 52 week low of Rs. 83.00 on 26-Sep-2022. Last one week high and low of the scrip stood at Rs. 94...
GAIL (India) rises on the BSE
GAIL (India) rises on the BSE
Source: Accord Fintech
12/12/2022 2:08:50 PM
Government fertiliser subsidy to rise to Rs 2.3-2.5 lakh crore in FY23; may fall 25% in FY24: FAI Fertilisers Association of India (FAI) has said that the government's fertiliser subsidy will rise to Rs 2.3-2.5 lakh crore in this fiscal (FY23) but the bill may fall by 25 per cent in the 2023-24 financial year with moderation in global prices. FAI expressed concern that the fixed cost of urea has not been increased affecting the viability of urea plants. It also pointed out that the industry is running on a very thin margin, which is hampering new investments in this sector. The ind...
Government fertiliser subsidy to rise to Rs 2.3-2.5 lakh crore in FY23; may fall 25% in FY24: FAI
Government fertiliser subsidy to rise to Rs 2.3-2.5 lakh crore in FY23; may fall 25% in FY24: FAI
Source: Accord Fintech
7/12/2022 12:06:43 PM
AG&P aims for its first LNG terminal in India by 2024 end - official Singapore-based Atlantic, Gulf and Pacific is looking to set up its first liquefied natural gas terminal in India by 2024 end, a top company official said, although it is evaluating other sites as an alternative to the terminal's location in the south of the country. "AG&P is very bullish on an India import terminal and our aim is to have a terminal up and running in the next two years," Karthik Sathyamoorthy, president of LNG Terminals and Logistics division at AG&P,...
AG&P aims for its first LNG terminal in India by 2024 end - official
AG&P aims for its first LNG terminal in India by 2024 end - official
Source: Reuters
5/12/2022 5:24:13 PM
India`s Adani Group to invest $7.39 billion in eastern state of Odisha India's Adani Group, owned by Asia's richest man Gautam Adani, will invest 600 billion Indian rupees ($7.39 billion) over the next 10 years in the mineral-rich state of Odisha, a top executive said on Thursday. The group will commission a liquefied natural gas (LNG) terminal with 5 million tons of capacity in Dhamra port in the state this month, and plans to double this capacity within the next five years, Karan Adani, chief executive officer of Adani Ports and Special Economic Zon...
India`s Adani Group to invest $7.39 billion in eastern state of Odisha
India`s Adani Group to invest $7.39 billion in eastern state of Odisha
Source: Reuters
2/12/2022 2:39:50 PM
India to receive first LNG cargo from Indonesia`s Tangguh LNG  India will receive its first cargo from Indonesia's Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a Refinitiv analyst and Refinitiv ship tracking data. The LNG cargo is being transported by the BW Helios tanker, said Olumide Ajayi, senior LNG analyst at Refinitiv. "The vessel which had been acting as a floating storage since it lifted the cargo in mid-September is currently on a term charter to British oil major BP and is due to a...
India to receive first LNG cargo from Indonesia`s Tangguh LNG
India to receive first LNG cargo from Indonesia`s Tangguh LNG
Source: Reuters
28/11/2022 5:59:46 PM
European Union heads for December agreement on gas price cap Any agreement on the European Commission's proposal to cap the price of imported gas will be postponed until the middle of December, said Jozef Sikela, the Czech minister of industry and trade, and chair of the extraordinary meeting of EU energy ministers. Energy ministers of European Union (EU) member states will reconvene to seek a common ground on the currently controversial draft measures, Xinhua news agency quoted the Minister as saying on Thursday. EU member states reached a p...
European Union heads for December agreement on gas price cap
European Union heads for December agreement on gas price cap
Source: IANS
25/11/2022 3:08:35 PM
EU proposes gas price cap A European gas price cap at 275 euros ($283) per megawatt hour (MWh) has been proposed, Energy Commissioner Kadri Simson announced. "We propose an upper ceiling on the month-ahead TTF (Title Transfer Facility) price in case it exceeds 275 euros per megawatt hour. Beyond that price, transactions will not be able to take place," Xinhua news agency quoted Simson as saying The market correction mechanism will be triggered when two conditions are met, the Commissioner explained. ...
EU proposes gas price cap
EU proposes gas price cap
Source: IANS
23/11/2022 1:00:04 PM
S&P Global Commodity Insights: India`s coal-fired power generation remains high * India’s power demand shows seasonal decline, but thermal gap stable as renewables also decline for the shoulder season * Delhi’s air pollution improves from early November * Gas-fired power generation shows no recovery, indicating no spot LNG used as fuel * Coal-fired power generation continues to balance the power mix, but stocks remain low India’s power demand for Nov. 1-12 is estimated to 168 aGW, which is 23 aGW higher year on year. The strong demand is dri...
S&P Global Commodity Insights: India`s coal-fired power generation remains high
S&P Global Commodity Insights: India`s coal-fired power generation remains high
Source: PR Agency
15/11/2022 4:41:32 PM
2023 Sovereign credit outlook negative due to effects of high food & energy prices: Moody`s The high food and energy prices will curb economic growth and result in social tensions in 2023 and hence the outlook for sovereign creditworthiness is negative, said Moody's Investors Service on Tuesday. Credit-positive trends will be most evident for commodity producers -- especially energy exporters -- who will benefit from higher prices, while some other governments will also stand out for their broad resilience to the latest round of shocks, Moody's added. In a research rep...
2023 Sovereign credit outlook negative due to effects of high food & energy prices: Moody`s
2023 Sovereign credit outlook negative due to effects of high food & energy prices: Moody`s
Source: IANS
15/11/2022 3:03:35 PM
Iran inks deals with Russia`s Gazprom to develop gas and LNG projects Iranian Petroleum Minister Javad Owji said in Tehran that his Ministry has signed with Russian energy giant Gazprom cooperation agreements worth nearly $40 billion. The Iranian side would follow up on the progress of the agreements, which include the construction of LNG complexes in Iran as well as the development of Iran's gas fields and gas export transmission lines, a state media outlet quoted Owji as saying on Wednesday. Iran has started the swap of oil and petroleum products wi...
Iran inks deals with Russia`s Gazprom to develop gas and LNG projects
Iran inks deals with Russia`s Gazprom to develop gas and LNG projects
Source: IANS
10/11/2022 11:34:05 AM
GAIL India`s profit tumbles on supply cut from former Gazprom unit GAIL (India) Ltd, the country's largest gas distributor, reported a bigger-than-expected 46.3% fall in quarterly profit on Friday, hit by low gas sales due to supply disruptions from a former unit of Russian energy giant Gazprom. The company' standalone profit tumbled to 15.37 billion Indian rupees ($186.24 million) in the July-September quarter, from 28.63 billion rupees a year earlier. Analysts on average had expected GAIL's profit to drop to 20.80 billion rupees, accordin...
GAIL India`s profit tumbles on supply cut from former Gazprom unit
GAIL India`s profit tumbles on supply cut from former Gazprom unit
Source: Reuters
4/11/2022 3:47:42 PM
European Union set to adopt emergency energy package in November A package of emergency energy measures proposed by the European Commission last week to mitigate the effects of the current energy crisis should be adopted by the end of November, senior officials said here. Tuesday's meeting of the European Union (EU) member states' energy ministers in Luxembourg "showed that our efforts to secure the approval of the package of measures to reduce energy prices ... are on the right track", said Jozef Sikela, the Czech Republic's Minis...
European Union set to adopt emergency energy package in November
European Union set to adopt emergency energy package in November
Source: IANS
26/10/2022 12:12:29 PM
GAIL India issues swap tender for four cargoes GAIL (India) Ltd has issued a swap tender offering two liquefied natural gas (LNG) cargoes for loading in the United States in exchange for two other cargoes for delivery into India, two industry sources said on Thursday. India's largest gas distributor is offering two cargoes for loading from the Sabine Pass terminal from Dec. 27 to Jan. 11-20. It is seeking two cargoes for delivery into India's Dabhol terminal, the first between Nov. 25 and Dec. 15, and the second from Jan 1-10. ...
GAIL India issues swap tender for four cargoes
GAIL India issues swap tender for four cargoes
Source: Reuters
20/10/2022 4:49:06 PM
Iran to be regional energy hub through cooperation with Russia: Iranian minister The transit and trade of oil and gas with Russia will make Iran a regional energy hub, Iranian Oil Minister Javad Owji said. Owji made the remarks on the sidelines of the ongoing Caspian Economic Forum held in the Russian capital of Moscow, according to a state news media on Thursday. He added that as two gas exporting countries, Iran and Russia have a lot of cooperation in the field of energy swaps, Xinhua news agency reported. During his current visit to Russia, new understanding w...
Iran to be regional energy hub through cooperation with Russia: Iranian minister
Iran to be regional energy hub through cooperation with Russia: Iranian minister
Source: IANS
7/10/2022 10:03:16 AM
Gas price hike reduces past decade of skepticism on quality of returns for hydrocarbon producers India's producer price increase to the highest ever should not only surprise investors but also reduce past decade of skepticism on quality of returns for hydrocarbon producers, foreign brokerage, Morgan Stanley said in a report. While the hike was in line with our estimates and benefits ONGC, OIL and RIL, Gujarat Gas remains our key underweight, Morgan Stanley said. In the biannual revision, India's domestic gas prices rose by 40% from US$6.10/mmbtu to US$8.57/mmbtu, in line wi...
Gas price hike reduces past decade of skepticism on quality of returns for hydrocarbon producers
Gas price hike reduces past decade of skepticism on quality of returns for hydrocarbon producers
Source: IANS
4/10/2022 9:14:29 AM
LNG markets may tighten further in 2023, IEA`s Birol says LNG markets in 2023 may be tighter than this year as demand may rise in China, India and other parts of Asia, the head of the International Energy Agency (IEA) said on Thursday. "We may well see that the LNG markets in 2023 will be rather tight, maybe tighter than this year," said Fatih Birol in remarks at the LNG Producer-Consumer Conference in Japan. Global gas prices have surged to record levels this year, as Russia's gas supply cuts have placed enormous strain on the E...
LNG markets may tighten further in 2023, IEA`s Birol says
LNG markets may tighten further in 2023, IEA`s Birol says
Source: Reuters
30/09/2022 8:53:18 AM
Iveco agrees to buy minority stake in Blue Energy Motor clean energy truck start-up Truckmaker Iveco Group said on Wednesday it had agreed, through its engine unit FPT Industrial, to buy a minority stake in India's Blue Energy Motors, a start-up developing clean energy trucks. The closing of the deal is subject to conditions, Iveco said in a statement. Iveco did not provide financial details of the transaction, which follows an agreement in July between the two companies for the supply by FPT Industrial to Blue Energy Motors of engines for liquefied natural gas (LN...
Iveco agrees to buy minority stake in Blue Energy Motor clean energy truck start-up
Iveco agrees to buy minority stake in Blue Energy Motor clean energy truck start-up
Source: Reuters
28/09/2022 4:48:44 PM
Nitin Gadkari emphasises on reduction of logistics cost to 10% with cooperation, coordination, and communication  Union Road Transport and Highways Nitin Gadkari on Tuesday emphasised on reduction of logistics cost from 14 to 16 per cent to 10 per cent with cooperation, coordination and communication among stakeholders. Addressing the programme "Climate Goals: Technological Roadmap to Net Zero", he said by reducing logistics cost, there will be a great saving and by which a 50 per cent increase in exports can be achieved, which is very important for our economy. Talking about pollut...
Nitin Gadkari emphasises on reduction of logistics cost to 10% with cooperation, coordination, and communication
Nitin Gadkari emphasises on reduction of logistics cost to 10% with cooperation, coordination, and communication
Source: IANS
21/09/2022 10:28:06 AM
Iran to soon import 9 mn-cubic meter Russian gas daily: Ministry The Iranian Oil Ministry has said that the country will soon purchase 9 million cubic meters per day of gas from Russia through Azerbaijan. The ministry announced the plan in a report providing details of a $40-billion deal between the National Iranian Oil Company (NIOC) and Russia's state-owned gas producer Gazprom reached in July, Xinhua news agency reported, citing the semi-official Fars news agency. The ministry added it will soon receive 6 million cubic meters per day of gas fr...
Iran to soon import 9 mn-cubic meter Russian gas daily: Ministry
Iran to soon import 9 mn-cubic meter Russian gas daily: Ministry
Source: IANS
20/09/2022 10:06:24 AM
Adani group's market cap stands at 260 bn dollars, having grown faster than any company ever in India: Gautam Adani Gautam Adani, Chairman, Adani Group has said the group's market cap now stands at 260 billion dollars -- having grown faster than any company ever in India. In a speech made at an event to mark the completion of the ACC-Ambuja Cements acquisition on September 17, Adani said this acquisition is India's largest ever inbound M&A transaction in the infrastructure and materials space and closed in a record time of four months. "I also believe that the Adani Group's compe...
Adani group's market cap stands at 260 bn dollars, having grown faster than any company ever in India: Gautam Adani
Adani group's market cap stands at 260 bn dollars, having grown faster than any company ever in India: Gautam Adani
Source: IANS
19/09/2022 2:27:47 PM