Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
With the worldwide production of liquefied national gas (LNG) expected to double within the next five-to-six years and demand in the country set to expand, the Petroleum and Natural Gas Ministry is coming up with a new LNG policy . The policy will provide level-field for new and old terminal operators, offer free-to-market LNG at market-driven prices and make Petroleum and Natural Gas Regulatory Board (PNGRB) the regulatory body for giving licence for pipelines.
Just a day after Tata group chairman Ratan Tata tweeted in defence of Prime Minister Manmohan Singh, while seeking action to restore the credibility of the government, Prime Minister’s Economic Advisory Council (PMEAC) chairman C. Rangarajan spelt out what that action could be, and called for decontrol of diesel prices and foreign investment in multi-brand retail. “I do hope action in terms of changing prices of petroleum products, more particularly diesel, will come through as early as possible. That is extremely important,” said Dr. Rangarajan, who is a key adviser to the Prime Minister, besides Planning Commission Deputy Chairman Montek Singh Ahluwalia, ever since Dr. Singh took charge of the Finance portfolio.
In a bid to reduce production cost which has gone up due to the rise in gas prices, Morbi-based ceramic manufacturers have now started switching over to coal gas fired furnace from the existing gas-based furnaces. This move by many of the industry players comes after the increase in gas prices by the natural gas provider in the region Gujarat State Petroleum Corporation (GSPC) last November. The price of gas to the industry which falls under the commercial segment is ruling at Rs 37.40 per standard cubic meter (SCM)
Chandigarh/Gurgaon: The power situation in Gurgaon is likely to worsen in the coming days as Haryana’s power utilities are finding it difficult to source sufficient electricity. Sources said the government,
Bangalore: The government is close to taking a decision on capping the number of subsidized LPG cylinders to “econonomically not weaker” sections to bring down the subsidies by up to Rs 10,000 crore annually,
New Delhi: Diesel’s gain is CNG’s loss in the capital, spelling bad news for the city’s air. Dealers are reporting a 60%-80% drop in sales of CNG kits for private vehicles since the beginning of 2012.
Government Likely To Hike Prices After Prez Polls If Upward Trend Continues. Crude price has breached the psychological $100 a barrel mark once again after a gap of 45 days and is expected to squeeze the
Power minister says hike in electricity bill inevitable due to rise in cost of fuel used for generating Close on the heels of hike in power tariffs in many states, Union Power Minister Sushil Kumar Shinde today advocated raising electricity tariff in small dozes every six months to spare consumers of one-time sharp hikes. Shinde, the longest serving Power Minister, said hike in electricity bill was inevitable due to rise in cost of fuel used for generating power.
The Petroleum and Natural Gas Regulatory Board (PNGRB) has decided to challenge the order of the Delhi High Court that had struck down its order on rates and compression charges of Indraprastha Gas Ltd (IGL), the monopoly supplier in this city. It will shortly file an appeal in the Supreme Court. “The Board has gone through the judgement. A decision has been taken to appeal,” S Krishnan, chairman of the Board, told Business Standard. In early April, PNGRB had passed an order directing IGL to reduce prices for its consumers in Delhi with immediate effect, after factoring in the reductions in both network rates (for compressed natural gas, piped natural gas and industrial consumers) and the compression charges levied only on CNG
New Delhi In a move seen as delaying tactics, the oil ministry has posed a query to Reliance Industries on its CBM gas pricing that is a repeat of a question the firm had replied to over two months back. Days before a 60-day deadline for approval of RIL's import parity pricing of gas to be produced from below coal-seams (CBM) expired, the ministry on July 12 asked the company to explain the fixed component in the pricing formula, sources said.