LNG IMPORTS
India's battered rupee finds an unlikely rescue party in cheaper oil and Wall Street's AI rout
As crude oil prices fall, India's import costs see a positive shift, bolstering the rupee's steadiness. The return of foreign portfolio investors to the Indian equities market, following significant sell-offs in October, has led to the rupee appreciating against the dollar. Enhanced energy supply is expected to mitigate inflation risks, contributing to a potential stabilization range of ₹92 to ₹93 per dollar for the currency.
NTPC sole applicant in second round of coal gasification scheme
The second round of applications for the coal gasification scheme saw participation from only NTPC Ltd. In contrast, the first round attracted five companies, highlighting a change in interest levels. The scheme aims to reduce import dependence while supporting the production of industrial feedstocks from domestic coal. NTPC's involvement is considered a positive sign amidst limited interest from other firms.
PHD Chamber seeks capital gains tax rationalisation, doing away with BCD on feedstock
The PHD Chamber of Commerce and Industry has urged the government to abolish long-term capital gains tax on equity investments, cut short-term capital gains tax to 10% and reduce securities transaction tax (STT) rates in its pre-Budget recommendations for FY28.
India’s LNG buyers eye flexi deals to cut risks after Iran war hit Qatar supply
Indian LNG buyers are seeking more flexible long-term supply contracts after the Iran war disrupted shipments through the Strait of Hormuz and almost halted imports from Qatar. Gujarat Energy has signed a 10-year deal with ADNOC for 4 million tonnes of LNG from 2028, while Petronet LNG is negotiating to include US-sourced gas in its renewed 20-year contract with QatarEnergy.
Time to be contrarian? Are analysts behind the curve? 5 stocks from two segments of the oil and gas space
The tensions that drove oil higher are still lurking under the surface. A single statement, or a single strike, and they can surface again within days. Another round of trouble cannot be entirely ruled out. And if it comes and oil climbs again, much of the contrarian case we are making weakens with it. So the improvement is real, but it is not yet fully safe.
Adani CNG price crosses Rs 100 per kg mark in Ahmedabad for first time
Adani CNG prices in Ahmedabad have crossed Rs 100 per kg for the first time in history. This price hike has increased rates from Rs 98.47 to Rs 100.77 per kg. In Vadodara, CNG prices have also risen, reaching Rs 98.95 per kg recently. Currently, petrol prices in Ahmedabad are slightly higher at Rs 101.83 per litre. These changes have brought CNG prices closer to petrol rates in the region.
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India's natural gas demand to decline 2% in 2026 despite 10% rise in LNG imports: IEA
The trend highlights the challenges facing India's gas market as disruptions to global LNG supplies through the Strait of Hormuz and elevated international prices reshape supply and consumption patterns. The IEA said the outlook would remain influenced by global supply availability and domestic production trends.
Indian oil refiners expect healthy margins amid global supply disruptions
A combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (ATF) cracks. Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation and Hindustan Petroleum Corporation (HPCL) reported record refining performances in the September quarter (Q2) and expect the run to continue.
Rising crude prices could push India's inflation by upto 1 percentage point, diversified imports helping secure oil supplies: EY's Gaurav Moda
Gaurav Moda, Partner and Energy Industry Leader at EY India said the increase in crude oil prices from an average of $60-65 per barrel to $90-95 has significantly raised India's energy import costs, even as the country continues to prioritise securing supplies amid geopolitical uncertainties.
India weighs new oil manoeuvre as old routes get jammed
The West Asia war has forced India to look at energy security through a new, different lens. The oil issue, for India, has now gone from being a procurement issue to being a test of economic resilience. That has compelled the govt to rethink how it sources, transports and stores the fuel that powers its economy.
India's top gas importer sets eyes on US LNG under long-term deal with Qatar
India is seeking US liquefied natural gas through its renewed 20-year supply deal with Qatar, its biggest LNG supplier, as the Iran war disrupts shipments from the Gulf. Petronet LNG is discussing whether Qatar can source part of its contracted volumes from US facilities from 2028, helping India diversify supplies, retain its partnership with Doha and reduce future supply risks.
Petronet LNG faces arbitration as vessel owners seek Rs 625 crore in dues
Three owners of LNG vessels are pursuing arbitration against Petronet LNG for Rs 625 crore in unpaid dues. The vessels have been largely idle since March 2 due to disruptions related to the Iran war. Petronet LNG reported a 53% rise in profit for the July-September quarter despite a decrease in operational revenue.
Jaishankar's Atlanta diplomacy: Quad meeting and several bilaterals on G20 sidelines
External Affairs Minister S Jaishankar has a busy schedule during the G20 Foreign Ministers' Meeting in Atlanta. He is expected to engage in discussions with multiple foreign ministers on trade, defense, and energy. Meetings with Canada and Brazil are crucial for redefining relationships and securing resources. Jaishankar will also address India's partnerships with European and East Asian nations.
Tata Power, JSW Energy, Torrent Power: Ambit sees buying opportunity in power stocks after valuation reset
Ambit Capital sees the recent correction in power stocks as a re-entry opportunity, favouring Tata Power, JSW Energy and Torrent Power. Rising electricity demand, fresh capacity contracting and limited PPA visibility could drive the sector’s next growth phase.
Why is Adani betting $3.4 billion on global energy trade chaos?
Adani Group is reportedly exploring a $3.4 billion acquisition of Dutch energy storage giant VTTI as global oil supply disruptions reshape energy trade. With terminals across 16 countries, VTTI could expand Adani Ports' international footprint, strengthen crude oil storage and logistics capabilities, and unlock opportunities in fuel trading, biofuels, hydrogen infrastructure and global energy supply chains amid geopolitical uncertainty.
Singapore thrived on chokepoints. Now they’re a threat
Singapore faces challenges in maintaining its prosperity due to its dependence on larger neighboring countries for energy supplies. Recent tensions with Indonesia include energy supply cuts following Singapore's actions against companies linked to wildfires. The city-state's efforts to diversify energy sources through renewable projects are still limited and vulnerable to geopolitical pressures. Historical parallels to cities like Venice highlight the potential consequences of such dependencies in a changing global climate.
Pakistan running out of gas: 12 kg LPG cylinder costs PKR 7000
Pakistan’s gas crisis has intensified as LPG prices climb to PKR 600 per kg in some areas following disruptions to imports from Iran. Domestic gas production has fallen nearly 20% in five years, while circular debt and outstanding supplier payments have reached PKR 5.454 trillion. The country also faces challenges managing surplus imported LNG despite household fuel shortages.
India woos South Korea, Cyprus to boost shipbuilding and maritime sector
Union Minister Sarbananda Sonowal engaged South Korean and Cypriot maritime leaders to enhance India's shipbuilding capabilities. Discussions focused on marine equipment manufacturing, shipbuilding investment, and sustainable technology initiatives. The Indian government is working to create a robust maritime ecosystem supporting green shipping and innovation. Partnerships with international companies are being explored to facilitate growth in maritime infrastructure and services.
Trump looks to rein in fuel prices ahead of midterms; waives threat of 100% tariffs on India over Russian oil
US President Donald Trump has waived fresh sanctions and duties on Russian energy exports under a new law, citing national interest and easing concerns over potential tariffs of up to 100% on major buyers, including India. The move comes as India continues to rely on Russian crude and explores long-term LNG supplies, while New Delhi and Moscow seek to expand cooperation across oil, gas, mining and steel.
No pressure from US to cut Russian oil imports, Oil minister Hardeep Singh Puri says
Oil Minister Hardeep Singh Puri said India has faced no US pressure to reduce Russian crude imports. US President Donald Trump waived fresh sanctions and duties on Russian energy exports under a new law, sparing India from potential tariffs of up to 100%.
Singapore launches first LNG term supply tender, weighs third import terminal
Singapore’s state gas buyer GasCo has launched its first LNG procurement exercise to secure long-term supplies as the country prepares to expand gas-fired power generation. Singapore, which relies on natural gas for about 95% of its electricity, is also exploring a third LNG import terminal. The government plans to add five gas-fired power plants, increasing generation capacity by around 26% early next decade.
Petronet LNG, Gruner Renewable float JV to develop CBG plants with Rs 1,200 cr investment
Petronet LNG and Gruner Renewable Energy have formed a 50:50 joint venture to develop compressed biogas plants. This joint venture will involve an estimated investment of Rs 1,200 crore for developing ten plants in India. Each plant is designed to handle 18 metric tonnes of biogas per day, contributing to renewable energy goals. The partnership aims to enhance the commercial viability of the compressed biogas ecosystem in India.
LNG imports up 9% in Mar-Sep; US, Oman & Nigeria bridge supply gap
India has increased its liquefied natural gas imports from the US, Oman, and Nigeria significantly since the Iran war. The country now imports about 68% of its LNG from these suppliers, compared to just 25% last year. Qatar's contribution has dropped to 3% from 45%, highlighting a major shift in sourcing strategies. Domestic gas consumption has remained steady, driven by the expanding city gas sector.
BCGCL starts construction work on Rs 25,000 cr gasification project, Rs 15k cr work awarded
Bharat Coal Gasification and Chemicals Ltd has begun construction for a significant coal gasification project in Odisha. The project involves an investment of Rs 25,000 crore, aimed at producing technical grade ammonium nitrate. Most tenders have been awarded, with Rs 15,000 crore worth of contracts already distributed. Major work is divided between BHEL and Larsen & Toubro for specific project packages.
IGX gets PNGRB nod for LNG terminal capacity booking platform
Indian Gas Exchange has received regulatory approval to develop a capacity booking platform for LNG terminals. This platform aims to facilitate easier and more transparent access to terminal capacity for users. The regulator noted that many terminals experience poor capacity utilization currently. By using the platform, market participants can identify and book available regasification capacity efficiently. Contractual negotiations and settlements will still be managed directly between buyers and sellers involved.
The $50-billion question: Who gets what as India and Canada aim to strike a trade deal?
India and Canada are currently negotiating a free trade agreement designed to enhance bilateral trade significantly. Nearly 300 Canadian business delegates are visiting India to advance these discussions. Both countries aim to increase two-way trade to $50 billion by 2030. Key focus areas include energy, critical minerals, and agriculture, alongside demands for improved market access. The negotiations have resumed after a brief pause, with optimism surrounding the outcome before December.
WPI inflation quickens to 11.39% in September from 9.9% in August
Wholesale prices in India rose significantly to 11.39% in September, driven by rising fuel and food costs. Retail inflation also increased to 5.54%, attributed largely to higher vegetable prices. Concerns remain over food inflation maintaining elevated levels due to factors like uneven monsoon rainfall and El Nino risks. Increased global commodity prices are further affecting food production costs and transportation expenses.
El Niño warmth offers Asia relief from winter energy strain
Warm deviations of as much as 2C higher than usual are also set to gradually encompass most of China, except the heavily populated eastern coast, by January.
India shields city gas users as Hormuz crisis threatens South Asia's LNG demand
India has shielded city gas supplies from Middle East LNG disruptions by cutting deliveries to fertiliser plants, refineries and industrial users, helping it weather the crisis better than Pakistan and Bangladesh, Wood Mackenzie said. Even so, India has faced sharply higher LNG prices and an estimated 1.5 million-tonne reduction in gas demand, as the regional supply shock reverses earlier expectations for South Asian LNG growth.
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