Global LNG outlook 2024-2028
Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according
Liquefied Natural Gas (LNG)
-
India keen to import LNG
Sujay Mehdudia NEW DELHI: Petroleum and Natural Gas Minister Murli Deora on Friday said that he had sought big time participation of Indian companies in the Russian oil and gas fields, particularly in East Siberia, and had expressed interest in importing liquefied natural gas (LNG) from Moscow to meet its ever growing energy needs.
-
Pakistan consumes 370,000 bbl/day oil, petroleum products: ADB study
Pakistan contributes little to greenhouse gas emission and global climate change. Its total energy-related carbon dioxide emission, measure about 100 million tons, out of which, 46 percent is from oil-related emissions, 45 percent from gas and 9 percent from coal, an Asian Development Bank Study report said.
-
Integrated Energy Plan ignores IMF advice
The plan, expected to be approved by Prime Minister Yousuf Raza Gilani soon, contains several suggestions contrary to government policies, like allowing import of second-hand refineries and offering them a tax holiday.
-
Pakistan and Iran may reach gas agreement this week: disputes to be resolved under UN law
Pakistan and Iran are said to have agreed to resolve the disputes on gas pipeline project in accordance with the United Nations Commission on International Trade Law (UNCITRAL), sources in Petroleum Ministry told Business Recorder.
-
Quick energy fix mulled
Faced with a deep energy crisis due to gas shortage that cannot be overcome overnight, the government considers importing Liquefied Natural Gas (LNG), increasing efficiency of bulk gas users to reduce demands and setting standards to promote energy efficient electrical equipment, says Dr Towfiq-e-Elahi Chowdhury, energy adviser to the prime minister.
-
TAPI: Pakistan faces gas price issue with Turkmenistan
Pakistan faces gas price issue with Turkmenistan regarding Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project as Turkmenistan has shown reluctance to export gas below $11.4 per million British thermal unit (MMBTU).
-
Gas Authority of India to sign pact with FACT, NTPC
KOCHI: The Gas Authority of India will sign an agreement for distribution of liquified natural gas (LNG) to Fertilisers And Chemicals Travancore (FACT) and Kayamkulam Thermal Power Corporation from the Puthuvype LNG terminal by the end of this month. The decision regarding this was taken at a high-level meeting attended by T K A Nair, Principal Secretary to the Prime Minister.
-
Cess on natural gas suggested
Sujay Mehdudia NEW DELHI: Union Petroleum Secretary R. S. Pandey on Wednesday announced that the Government was planning to levy a cess on natural gas to generate funds to put in place necessary infrastructure for building a national gas highway network across the country.
-
Gas Could Power Britain Well Into Winter
Weak prices and sagging demand could see gas supply most of Britain's electricity well into winter, sidelining coal plants and cutting Britain's carbon emissions as a welcome side effect. Gas is usually favored for round-the-clock power generation in summer when low demand for heating keeps the fuel price low, swelling gas-fired power plant profits, known as spark spreads.
-
Petronet LNG to power ahead with two 1200 mw plants
To Fund Rs 7k-Cr Project With Rs 5,000-Cr Loan & Rs 2,000-Cr Rights Issue PETRONET LNG, the largest importer of chilled gas (imported as liquefied natural gas in tankers), is set to diversify downstream and set up two power plants. It is also planning a right issue to part fund the projects.