IMPORTED NATURAL GAS
GAIL India eyes minority stake in US LNG project amid supply security push
State-run GAIL India is in talks with three to four US LNG export projects to secure long-term supplies and may acquire a minority stake in one, industry executives said. The move comes after Strait of Hormuz disruptions exposed India's import vulnerabilities, with GAIL seeking to diversify its LNG sourcing.
Trump opens tax-free use of 'red' diesel to all as Republicans face midterm heat
US President Donald Trump signed an executive order in Nebraska that aims to ease tax limits on diesel fuel. This decision is intended to save farmers millions of dollars and reduce the cost of goods. Trump emphasized that the move would benefit many, including truckers who would save over $100 per fill-up. As he campaigned for the upcoming elections, he expressed confidence in local GOP candidates.
India’s BPCL plans $3 billion bond sale to fund Brazil oil bet
Bharat Petroleum Corp. plans to raise up to $3 billion through international bonds, mainly funding its $2.8 billion contribution to Brazil’s SEAP-I offshore project and refinancing debt. The move supports India’s push to diversify crude supplies amid geopolitical disruptions. BPCL’s Brazil investment highlights growing interest in South American energy assets.
The debate is settling, the business is moving. Time to look at a larger set? 9 sugar-ethanol ecosystem stocks for the watchlist
A new fuel programme is not an easy thing to implement. And it sparks intense debate. Ethanol, for instance, has taken over two decades to reach some scale, and it has been dogged by controversies. But the noise is now dying down as it meets targets that were said to be impossible to achieve. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Deep-sea gas becomes costlier as government raises price ceiling
The government has raised the ceiling price for gas from difficult fields such as Reliance-BP’s KG-D6 block to $9.89 per MMBtu for October 2026-March 2027, from $8.90 earlier. Meanwhile, APM gas from ONGC and Oil India’s legacy fields remains effectively capped at $7 per MMBtu, with new-well gas eligible for a 10% premium up to $7.70.
GAIL’s Sanjay Kumar named next Petronet LNG CEO
Sanjay Kumar has been appointed as the next Managing Director and CEO of Petronet LNG Ltd. His term will commence on May 13, 2027, after A K Singh's tenure ends. Petronet LNG plays a critical role in India's liquefied natural gas imports and energy infrastructure. The company aims to enhance its regasification capacity and expand operations significantly.
- Go To Page 1
Quant Mutual Fund says investors should stay agile in portfolio allocation amid market shifts
The fund house noted that the geopolitical crisis in the Middle East had entered its eighth month and resulted in severe disruptions to global commodity supplies, with Brent crude rising above $100 a barrel.
Reliance plans Rs 1 lakh crore investment in Andhra Pradesh, says Anant Ambani
Reliance Industries announced a substantial investment of Rs 1 lakh crore in Andhra Pradesh for biogas plants. This initiative aims to create over three lakh jobs and generate revenue of nearly Rs 60,000 crore. The company will also support the establishment of the Rayalaseema Horticulture Hub and Indian School of Agriculture. Advanced technologies will be integrated with traditional farming knowledge to enhance agricultural practices.
Govt proposes tougher penalties for petroleum offences, decriminalises licence breaches
The Indian government has proposed amendments to the Petroleum Act, aimed at decriminalizing regulatory breaches. Violations of petroleum licence terms may incur civil penalties instead of criminal charges, promoting a more administrative approach. However, serious offences related to public safety will still face criminal prosecution under existing laws. The draft amendments outline significant penalties for various violations, including severe fines and imprisonment.
ET Alpha Wealth Summit 2.0: Decoding the new investment landscape and shift in smart money
Transformations in the global economy are reshaping how investors allocate capital and devise strategies. Geopolitical conflicts and tech rivalries are challenging conventional wisdom, leading to heightened interest in markets such as India, Southeast Asia, and the Gulf states. Strategic investments in infrastructure and commodities have gained importance. The upcoming ET Alpha Wealth Summit aims to delve into these transformative investment trends.
India needs integrated energy storage policy to build resilience against geopolitical shocks: S&P Global
Gauri Jauhar emphasizes the importance of energy resilience for India's future energy security and storage policies. An integrated framework for storage across various energy sources is essential for long-term stability. India's refining sector plays a crucial role in managing crude import dependence and generating foreign exchange earnings. The transition to clean energy and green hydrogen will occur gradually while India remains an attractive destination for energy investments.
Niti member Rajiv Gauba calls for reforms to strengthen energy security
Rajiv Gauba highlighted the importance of regulation and market reforms for strengthening India's energy security. He emphasized the need for an integrated natural gas value chain to support this transition. Gauba pointed out that enhancing domestic exploration and production is crucial for energy security and economic growth. Additionally, he mentioned the importance of expanding the National Gas Grid and city gas networks.
BRICS isn’t killing the dollar. The world is learning to live without it
BRICS aims to decrease reliance on the US dollar by facilitating trade in national currencies among member countries. This trend is evident in energy transactions, particularly between Russia and China, with the rouble and renminbi being increasingly used. India's trade with Russia has further encouraged the use of rupees for oil purchases. The euro is becoming more common in international trade, but the dollar remains the dominant currency.
India imports 50% of gas needs, targets 10X CBG output: Hardeep Singh Puri
India's Petroleum and Natural Gas Minister Hardeep Singh Puri emphasized the need for enhanced domestic energy production. Rising energy demand, outpacing the global average, requires India to become less reliant on imports. The government is implementing a new compressed biogas framework to increase domestic production significantly.
PM Modi and Trump hold first telephonic talks since Russia sanctions law; discuss trade, defence
Prime Minister Narendra Modi and US President Donald Trump have agreed to maintain close engagement to advance the India-US Comprehensive Global Strategic Partnership, Modi said on X. The leaders reviewed cooperation in trade, defence, energy and critical technologies, while also discussing regional and international issues and efforts to advance global peace and security.
TERI study finds CNG has lower lifecycle environmental burden than EVs under India's current power mix
As India steps up efforts to accelerate electric mobility and reduce its dependence on imported crude oil, a new study by The Energy and Resources Institute (TERI) has found that compressed natural gas (CNG) currently has a lower overall lifecycle environmental burden than electric vehicles (EVs) across most vehicle categories, primarily due to the country's coal-dependent electricity generation mix.
Crude surged. Why didn’t India’s petrol prices?
As the West Asia conflict drove up oil costs, India kept a much larger rise from reaching the pump. This explainer dives into how protection came from diversified supplies, a tax cut, losses absorbed by fuel retailers and an ethanol programme built before the crisis.
CAFE III fuel efficiency norms notified for cars: 3x credit for battery EVs, no special benefit for small cars
The Indian government has announced Corporate Average Fuel Economy norms for passenger vehicles effective from April 2027. These standards include fuel consumption calculations based on various vehicle types, including electric and hybrid models. Manufacturers must report CO2 emissions and actual fuel consumption annually to ensure compliance. A system of credits and debits will be established for vehicle manufacturers based on their compliance levels.
India needs to strengthen domestic oil exploration, official says
India is urged to strengthen its domestic oil exploration capabilities to improve energy security as global tensions rise. Oil India Limited emphasizes the importance of technological advancements and better infrastructure for energy resources. The upcoming India Energy Week 2027 aims to unite global stakeholders to address energy security issues. Recent global disruptions have highlighted the need for robust energy supply mechanisms.
Assam set to export methanol to Bangladesh through waterway: Official
The APL is a state government undertaking that produces methanol and formalin, and was set up to utilise the huge reserve of natural gas in the eastern Assam oil fields.
India gets first LNG powered train in Gujarat; check details, technology and more
Amit Shah inaugurated India's first LNG-powered train at Ahmedabad's Sabarmati Railway Station, emphasizing environmental and safety benefits. He mentioned significant investment of Rs 1,472 crore in various railway projects. The minister noted a reduction in diesel consumption by Indian Railways from 293 crore liters to 108 crore liters over several years.
Petronet to pay directors up to 1% of profit as commission
Petronet LNG Ltd has proposed to seek shareholders' approval for paying commissions to directors from FY27 to FY31. This proposal is for a maximum of 1% of annual profits according to the Companies Act, 2013. The company reported a net profit in FY26, with commissioner payments remaining below statutory limits. Akshay Kumar Singh, the CEO, received a commission of Rs 26.5 lakh each in FY26.
Natural gas defies energy shock as strong supply keeps prices in check
Despite crude oil volatility from West Asian geopolitical tensions, natural gas prices remain contained around $2.50-$3.50/MMBtu. Record US production of 110.6 Bcf/d, strong non-Gulf LNG output, and weak Asian demand have offset Strait of Hormuz supply disruptions, maintaining a mild bearish bias for Henry Hub.
The most uncertain sector also pays the most to wait. Watchlist for patient investors: 5 stocks with upside potential of up to 25%
There are some interesting contrarian bets in the market. But going contrarian, or buying what everyone else is running away from, is not to be done casually. Done wrong, it is just recklessness. It becomes a sensible move only when there is a solid, logical reason behind it. So, the real question is not whether some companies are beaten down. The question is whether there is a good reason to buy them anyway.
Nitin Gadkari says plain sugar's future not bright: After E20, transport minister wants sugar mills to produce a gas that can be used in CNG vehicles and fuel that can power aircrafts
Nitin Gadkari news: Nitin Gadkari has highlighted the importance of sugar mills diversifying into producing compressed biogas and ethanol. He mentioned that value-added by-products could enhance farmers' incomes significantly. The minister noted that converting sugarcane waste into usable products could reduce fossil fuel imports. A government scheme aims to significantly increase India's CBG production in the coming years. Furthermore, this initiative could create millions of jobs and boost the rural economy over time.
LPG customer base dips after a decade
India's LPG customer base had been expanding steadily, with the adoption of cooking gas accelerating over the past decade. The active LPG customer base more than doubled to 333.9 million at the beginning of the current fiscal year from 148.6 million at the start of 2015-16. Growth ranged between 11.9% and 19.6% in the four years to 2018-19, before slowing to around 5% or less as the overall customer base expanded. This fiscal year, the customer base has shrunk by 1%.
Oil minister Hardeep Puri calls for deeper India-OPEC energy ties
India and OPEC have called for closer cooperation to support a stable and predictable global energy market, with oil minister Hardeep Puri stressing the need for energy security and timely investment in the oil industry.
Gas found near Odisha coast: ONGC strikes Mahanadi deepwater well under Samudra Manthan, finds encouraging flow at 1,450 metres
Gas found near Odisha coast: ONGC has discovered gas in a deepwater exploration well in the Mahanadi Offshore Basin, around 43 km from Konark off the Odisha coast. The discovery, made under the Samudra Manthan deepwater exploration campaign, encountered gas at a depth of 1,441–1,452 metres, with ONGC reporting "encouraging flow and reservoir pressure". The find is subject to further appraisal and commercial evaluation, while its proximity to the coast and potential use of shared infrastructure could support development if commercial viability is established.
Indian Oil approves Rs 2,449 crore for Kochi-Kanyakumari-Thoothukudi natural gas pipeline development
Indian Oil's board approved a significant investment for a new natural gas pipeline. This 424.65-km project will connect Kochi and Thoothukudi in southern India. The pipeline will enhance natural gas transmission infrastructure across the region. It will support city gas networks and industrial consumers. This development strengthens existing gas supply networks in southern India.
Load More
