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Latest Articles in natural gas

RIL Sees Gas Prices Rising In Oct; Says Revenue Grew 3.5 Times In FY22

The government sets gas prices every six months based on international rates. The price of gas from old or regulated fields was more than doubled to a record USD 6.1 per mmBtu from April 1 and that for difficult fields like those lying in deepsea to USD 9.92. per mmBtu. Rates are due for a revision in October

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Fitch Trims India's Gas Consumption Growth To 5% On High Prices

Domestic gas production meets roughly half of the current consumption while the remaining is imported in the form of liquefied natural gas (LNG)

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ONGC To See $3 Bn Rise In Earnings, Reliance $1.5 Bn From Gas Price Hike

The govt from April 1 increased the gas price paid to producers of oil and regulated fields from $2.9 per mmBtu to $6.10, a record high

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Pay In Roubles Or We'll Cut Off Your Gas: Putin Warns Europe

Energy exports are Putin's most powerful lever as he tries to hit back against sweeping Western sanctions imposed on Russian banks, companies, businessmen and associates of the Kremlin in response to Russia's invasion of Ukraine

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Government More Than Doubles Natural Gas Price

The government on Thursday more than doubled the price of domestically produced natural gas for the six months beginning April 1 on the back of a spike in global energy rates

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Russia's Gazprom Seeks Gas Payments In Euros From GAIL

GAIL has a long-term gas import deal with Gazprom Marketing & Trading Singapore to annually buy 2.5 million tonnes of liquefied natural gas and has been settling trade with Gazprom in dollars

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US, EU Announce New Plan To Cut Reliance On Russian Energy Exports

Under the new plan, the US and other nations will increase liquified natural gas exports to Europe by 15 billion cubic metres this year, the White House said, adding that even larger shipments would be delivered in the future

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GAIL To Connect Srinagar To Gas Grid; Mumbai-Nagpur Line By May 2023

Currently, the total natural gas pipeline network in India is about 18,700 km, of which 12,500 km is operated by GAIL. GAIL, which sells two-thirds of all-natural gas sold in the country, will add 7,000 km of pipeline length in the next five years

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GAIL Pre-pones US Gas Supplies, Eyes New Deals To Meet India's Energy Demand

GAIL is also doing destination swaps to cut shipping costs of US LNG. Under this, it would sell the US LNG to a buyer say in Europe and get an equivalent volume from a supplier nearby like in the Middle East

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ExxonMobil Eyes More Long-Term Gas Supply Deals With India

Companies are investing billions of dollars to build pipelines and gas import terminals to meet the rising demand in India

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Industry Calls For Bringing Natural Gas Under GST

In its pre-Budget memorandum to the finance ministry, Federation of Indian Petroleum Industry (FIPI), which boasts of members from across the oil and gas spectrum, also demanded rationalization of GST on transportation of natural gas through pipeline as well as on re-gasification of imported LNG to help bring down cost of the environment friendly fuel

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Oil Production Slips In December; Natural Gas On Rise

State-owned Oil and Natural Gas Corporation (ONGC) - India's biggest producer, produced 3 per cent less crude oil at 1.65 million tonnes in December due to delays in mobilising equipment at western offshore fields. Oil India Ltd (OIL) produced 5.4 per cent more crude oil at 2,54,360 tonnes

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Megha Engineering, Adani Total Gas Emerge As Top Winners In CGD Bidding

The push for city gas expansion is part of the government's plan for raising the share of natural gas in the country's energy basket to 15 per cent by 2030 from the current 6.3 per cent

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The Big Debate in Europe: Is Nuclear Energy Green?

A draft proposal by the European Commission to treat investments in nuclear energy and natural gas as climate-friendly has brought the two European Union heavyweights on a collision path and the debate can define the future of European Union's energy transition drive.

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Indian Biogas Association (IBA) Condemns Govt For Withdrawing Subsidy On Biogas Plants

"The decision will impact almost 50 million farmers looking for energy security and natural farming along with the government's target of 5,000 plants under SATAT (Sustainable Alternative Towards Affordable Transportation) Scheme and will jeopardize Indian dream of becoming self-sufficient in fossil fuels," an IBA statement said.

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