LNG LPG SUPPLY
PM Narendra Modi to address nation at 8:30 pm after high-level security, economic reviews
Prime Minister Narendra Modi will address the nation tonight. He chaired high-level meetings focusing on West Asia tensions and domestic preparedness. Discussions covered essential supplies like fuel and food. The government is ensuring adequate stocks for upcoming seasons. Contingency plans are in place to manage potential disruptions.
Narendra Modi chairs key CCS, Cabinet meetings in Parliament
Prime Minister Narendra Modi led a crucial cabinet meeting in New Delhi. Discussions focused on economic affairs and security measures. The government reviewed steps to ensure the availability of essential goods like petroleum products, fertilizers, and electricity. The impact of the West Asia conflict on India's economy was also assessed.
US extends waiver allowing India and other countries to buy Russian oil
The Donald Trump administration has issued a short-term waiver allowing countries to continue buying sanctioned Russian oil loaded on ships until May 16, aiming to stabilise global energy prices amid the US-Israeli war on Iran.
US move on Russian oil waiver adds pressure as Iran war strains energy markets, India engaged in talks: Sources
India faces a tougher energy market as the US will not extend waivers for Russian oil imports. This decision impacts countries already struggling with the Hormuz crisis. Russia has assured India of continued energy supplies, including crude oil, LPG, and LNG. India's oil imports from Russia have significantly increased, making it a key market for Moscow.
West Asia crisis: India resilient for now, but second-order inflation pain is coming, warns Swaminathan Aiyar
India might weather the West Asia conflict's economic storm if it ends soon, according to Swaminathan Aiyar. While a swift resolution is expected due to US political pressures, second-order effects like rising inflation and fertilizer costs are unavoidable. India's resilience is noted, but the possibility of a prolonged conflict poses significant risks.
Gujarat Gas rises 7% after Nomura upgrade. Is the Iran war a buying opportunity?
Gujarat Gas shares saw a significant jump after a major brokerage upgraded the stock. The US-Iran conflict is creating supply chain disruptions, impacting fuel availability. This situation presents opportunities for Gujarat Gas, especially in the Morbi region. The company is poised for potential volume growth and improved margins. Investors are watching closely as the market reacts to these developments.
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Iran war forces city gas firms to redraw strategies amid gas supply squeeze, shift focus to PNG expansion
City gas companies are shifting focus to domestic gas and accelerating pipeline construction due to supply disruptions from the Iran war. Tight LPG supply has led to a surge in piped natural gas connections. Companies are hiring more workers and investing heavily in infrastructure. Government support is also increasing, speeding up project approvals and execution timelines.
India's monthly LPG imports halve, domestic output falls
India's cooking gas imports have significantly dropped this month. This follows a similar trend in March. Domestic production has also decreased. These factors are creating a tight supply situation for LPG. Disruptions in energy flows from the Gulf are impacting global markets. India is seeking alternative suppliers, but options are limited.
Crude cargo traffic likely to get caught up in war logjam again
A US naval blockade of Iranian ports, following failed ceasefire talks, has increased uncertainty over energy cargo movements and the risk of stranded supplies. This escalation is expected to further squeeze global supply and drive oil prices higher, impacting India's significant crude and LPG imports from Iran.
India boosts 5-kg LPG supply, accelerates PNG rollout amid West Asia disruption
More than 13 lakh 5-kg free trade LPG cylinders have been sold since March 23, with daily sales rising above 100,000 units, as authorities expand access for migrant workers and low-income consumers, according to an official statement.
Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions
Global energy firm Shell plc has significantly increased natural gas supplies to India. This comes as disruptions from the West Asia conflict impacted supplies from Qatar. Shell's global LNG portfolio and infrastructure allowed it to step in. It became India's largest imported gas supplier in March. This ensured feedstock for fertiliser production and other industrial needs.
India, Saudi Arabia discuss strengthening trade relations, enhancing energy supply
India and Saudi Arabia are boosting trade ties. Discussions focused on enhancing energy supply cooperation. Both nations are pushing for progress on a trade agreement with Gulf Cooperation Council countries. This comes as regional conflicts impact supply chains. India is also supporting its exports to Saudi Arabia and the wider Gulf region.
India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire
An Indian LPG tanker, Jag Vikram, has successfully navigated the Strait of Hormuz, marking a significant development following a US-Iran ceasefire. This transit offers a glimmer of hope for India's crucial energy imports, with many other Indian vessels still awaiting passage. The country, heavily reliant on Gulf supplies, had previously faced disruptions.
Ceasefire fails to ease pressure on chemical exporters; 50% trade still at risk
India's chemical exporters are struggling despite a ceasefire. Supply chains remain disrupted, and costs are high. Shipping through the Gulf corridor is uncertain, affecting imports and exports.
West Asia War: India, Qatar call for end to energy supply disruptions
India's Oil Minister Hardeep Puri met Qatar's Energy Minister Saad Sherida Al-Kaabi. Both stressed ending global energy supply disruptions. Qatar reaffirmed its role as a reliable energy supplier to India. Discussions covered trade, investment, and energy ties. India is reassessing its supply situation following a ceasefire. Efforts are underway to secure the safe passage of stranded Indian vessels.
India reiterates support to GCC on supply chain, food security
India has reaffirmed its commitment to assist the Gulf Cooperation Council with food supply chain issues. Commerce Minister Piyush Goyal held virtual discussions with GCC leaders. The focus was on strengthening logistics and exploring alternative trade routes. India also expressed hope for an enduring ceasefire in the region, crucial for its energy security.
Qatar vows to remain reliable energy supplier to India amid West Asia tensions
Qatar assures India it will remain a dependable energy provider. Indian Oil Minister Hardeep Singh Puri met with Qatar's Energy Minister Saad Sherida Al-Kaabi in Doha. Both leaders stressed the need for stability in global energy markets. They welcomed a ceasefire and emphasized unimpeded navigation for commerce. This visit aims to secure India's energy supplies amid geopolitical challenges.
Bottles, flasks grow scarce in India as gas crunch hits glassmakers
India's glass industry faces severe production disruptions due to Middle East conflict-induced energy shortages. Gas diversions to households have crippled factories, leading to output cuts and price hikes across various sectors. Manufacturers anticipate prolonged impacts, affecting everything from beverages to pharmaceuticals.
Indian oil minister Hardeep Singh Puri to visit Qatar from Thursday
India's Oil Minister Hardeep Singh Puri is visiting Qatar on April 9 and 10. This visit comes as India faces disruptions in its LPG supply. The trip follows a ceasefire announcement between the United States and Iran. Meanwhile, Israel continues its strikes in Lebanon. Authorities in New Delhi confirmed the visit.
US-Iran ceasefire set to ease pressure on India's energy supplies
India's energy outlook improves as a ceasefire between Iran and the US brings down crude oil prices. The critical Strait of Hormuz is reopening, easing concerns over energy imports. India had faced supply disruptions for LPG and natural gas. Efforts are underway to free stranded Indian vessels.
India expects US to extend waiver on Russian oil imports amid global energy volatility
Amidst fluctuating global oil prices, India is petitioning for the continuation of the US exemption regarding Russian oil imports. With a notable surge in crude oil from Russia, the country faces supply challenges due to disruptions in essential shipping routes. In response, India is not only seeking alternative energy solutions but is also enhancing collaborative efforts on the international stage.
GAIL signs long-term LNG carrier charter with Alpha Gas
GAIL India has secured a long-term charter for the LNG carrier Energy Fidelity from Greece-based Alpha Gas. This strategic move enhances GAIL's LNG shipping capacity. The vessel will support India's energy security by importing liquefied natural gas from countries like the US and Russia. This agreement strengthens GAIL's position as India's largest natural gas company.
Gas supply to fertiliser plants raised to 90% of demand amid West Asia war, Hormuz closure
Natural gas supply to fertilizer plants has reached 90 percent of their needs. Oil companies are procuring liquefied natural gas from the spot market. This is part of measures to manage fuel availability due to disruptions linked to the Strait of Hormuz situation. Other industrial and commercial sectors will also see increased gas supply.
Rahul Gandhi compares LPG gas crisis handling to COVID, blames policy void
Rahul Gandhi alleges Prime Minister Narendra Modi's approach to the LPG gas crisis mirrors the COVID-19 pandemic response. He states the policy lacks substance, relies on grand pronouncements, and burdens the poor. Gandhi highlights the unaffordability of cooking gas for daily wage earners, forcing them to return to villages.
Iran war: Natural gas pool set to release 7 mmscmd to priority sectors amid supply crunch
Facing a supply crunch due to the Iran war, India will pool 7 mmscmd of natural gas for city distributors, fertiliser makers, and industries at $11.60/mmbtu. This move follows a 60% import drop, with state-run Gail managing the diversion. The pooled gas comprises imports and domestic output, aiming to ease sector-specific shortages.
Govt steps up LPG supply, urges calm amid Hormuz concerns
Sales of 5-kg LPG cylinders have increased significantly. The government is boosting supplies and taking action against hoarding. Domestic LPG and piped natural gas supplies are prioritized for households and essential services. Refineries are operating at high capacity. Petrol pumps are fully stocked. Citizens are advised to avoid panic buying and rely on official information.
India’s Russian oil imports surge 90% amid Hormuz disruption
India's oil imports from Russia saw a significant 90% jump in March. This occurred as overall oil imports dropped due to supply issues in West Asia. Disruptions in the Strait of Hormuz impacted LPG and LNG supplies. India is now actively seeking new sources for its energy needs. Imports from African nations also increased.
India may soon announce more relief for exporters hit by West Asia crisis
India's government is introducing measures to support exporters facing disruptions from the West Asia crisis. Freight subsidies are being considered as part of a relief package. The ongoing conflict has impacted global trade and shipping costs. India's food and energy security remain strong despite these challenges. Merchandise exports saw a slight dip in February, with trade deficit narrowing.
India should look for geographical diversification for gas, says former IOCL Executive Director
India should definitely look for a geographical diversification for gas to mitigate the risks posed by ongoing geopolitical tensions in the Middle East, according to Sandeep Jain, Former Executive Director (Gas) at Indian Oil Corporation Ltd. (IOCL).
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