INDIA NATURAL GAS CONSUMPTION
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.
China digs 8,300 metres beneath Xinjiang desert: What is hidden in the desert below?
China is accelerating oil and gas exploration in ultra-deep and offshore reserves to strengthen domestic energy supplies amid global market uncertainty. PetroChina’s Hade-Fuman field in Xinjiang has produced more than 26 million tonnes of oil equivalent from reservoirs deeper than 6,000 metres, while China is also expanding offshore production and pipeline infrastructure.
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.
Energy prices in USA: Electricity to cost the most in five states. Here's why, check list
California-based think tank said there will be more demand for natural gas for electricity because the administration is canceling new wind, solar and hydrogen projects and there will be more gasoline demand for transportation because Trump and Congress are revoking policies that incentivized efficient and lower-emissions vehicles. Higher demand increases prices.
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.
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Trump says he did not 'jump the gun' on South Korea Alaska LNG investment announcement
Trump recently stated that he did not prematurely announce a South Korean investment in Alaska's LNG project. The $200 billion investment plan includes the building of eight large nuclear power plants and LNG infrastructure. However, South Korea's commitment to the $54 billion pipeline remains uncertain, prompting mixed responses. Officials in Seoul expressed surprise regarding claims about funding tied to crude oil projects.
Why are US energy firms cutting rigs now? Baker Hughes report explained
Baker Hughes (BHI) reported that the US oil and gas rig count decreased by one to 598 for the week ended October 2. It was the first decrease in 6 weeks as the oil rig count rose to 456 and the gas rigs dropped to 133. This follows a report that US crude and gas production will increase in 2026 despite the changes in drill rig counts.
Why are oil prices down today? G7 countries' oil reserve release plan to push crude rates lower
Oil prices fell today as G7 countries moved towards releasing up to 100 million barrels of diesel and crude reserves over four months. Brent crude has slipped below $100 a barrel, while US oil prices have fallen around 5% today.
September LNG shipments through Hormuz hit highest since start of US-Iran war
In September, the number of liquefied natural gas cargoes shipped through the Strait of Hormuz increased significantly. A total of 19 cargoes were shipped, primarily from Qatar and the United Arab Emirates, marking the highest month since the US-Israel war started. Shipments included many vessels that operated with their transponders switched off for safety. Analysts express concerns about sustaining this level of exports amid potential military escalations from Iran.
India’s fuel demand splits in September as petrol, diesel rise and LPG falls
Petrol and diesel sales increased in September by 7.2% and 4.9% year-on-year, respectively. The rise in petrol consumption was supported by higher vehicle sales during the month. Meanwhile, diesel demand was boosted due to below-normal monsoon rainfall and increased economic activity. Aviation turbine fuel sales experienced flat growth, indicating subdued air traffic. LPG consumption fell by 9% as disruptions from the war impacted supplies.
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.
Vedanta plans $200 million push to lift Rajasthan oil output
Vedanta Oil and Gas is increasing investment in Rajasthan to enhance crude output from existing wells. The company aims to invest approximately $200 million in 2026-27 across several fields in the region. Further, Vedanta plans to develop a new hub for gas growth in the northeast region. Enhanced-recovery techniques are being employed to increase production efficiency from their wells.
Trump plugs $54 billion natural gas project in Alaska, flanked by a senator in a tight race
US President Trump announced South Korea's intention to invest $54 billion in an Alaska natural gas project. The project aims to connect Alaska's North Slope to a liquefied natural gas export terminal. While Alaskan Senator Dan Sullivan supports the initiative, South Korean officials remain cautious about the investment's commercial viability. Trump seeks to bolster Republican candidates facing competitive races ahead of the midterm elections.
Fuel-efficiency rules 2027: How CAFE-III norms will affect EVs, hybrids, small cars & petrol vehicles
India’s CAFE-III norms will come into force from April 1, 2027, tightening fleet-wide fuel-efficiency targets for passenger vehicle manufacturers until March 2032. The framework offers higher compliance benefits for EVs, hybrids and alternative-fuel vehicles, allows credit trading and incentives for fuel-saving technologies, and introduces carbon-neutrality factors. The rules could influence automakers’ product strategies and future vehicle choices.
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.
New data points to a sharper divide in consumption trends in rural, urban India
Indian households in urban areas are showing a decline in quarterly expenditure while rural spending is increasing. A study indicates urban households’ spending decreased by 4% year-on-year, contrasting with rural households’ 15% growth. Increasing costs are making consumers prioritize essential spending over discretionary purchases, and household perceptions of financial stability have worsened.
No global oil shortage, supply route disruptions driving crude prices, oil minister says
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri highlights the current oil supply situation. He states that global oil production exceeds consumption, but disruptions are causing price increases. Puri notes geopolitical factors, particularly the Russia-Ukraine conflict and challenges in shipping routes. Additionally, he discusses India's efforts to enhance domestic oil and gas production. Puri expresses optimism about managing India's energy challenges through collaboration and increased local production.
US crude oil output rose in July, while petroleum demand declined, EIA says
In July, US crude oil production climbed to 13.95 million barrels per day, up from June’s figures. Despite the production surge, the demand for crude oil and petroleum products dropped to 20.61 million barrels per day. Meanwhile, gross natural gas production reached a remarkable 137.0 billion cubic feet per day, with Texas's output increasing to 40.1 billion cubic feet per day, contrasting slightly with a decline in Pennsylvania.
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’s first LNG-powered train is here: 1,400 HP power cars to replace nearly 40% of diesel use while cutting carbon dioxide, nitrogen oxides & particulate emissions
India’s first LNG-powered train is here: Amit Shah flagged off India’s first LNG-powered train in Gujarat and launched railway projects worth more than Rs 1,542 crore at Sabarmati. The projects include a diesel-LNG dual-fuel train, Kavach safety system across 404 km, automatic signalling, a Rs 700 crore WAG-12 locomotive maintenance shed and the Sabarmati-Sarkhej line doubling project.
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.
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.
Why are US natural gas prices rising today?
US natural gas prices have climbed 2% to an 11-week high as forecasts for cooler weather point towards higher heating demand. Falling daily output and rising gas flows to LNG export plants also supported prices, while US gas production remains near record levels and storage stays above the five-year average.
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