Gas | 25 February 2025
Shell forecasts 60% jump in global LNG demand by 2040 with Asia drives growth
India’s imports rose to 27 million tonnes in 2024, a 20% increase from 2023
India’s imports rose to 27 million tonnes in 2024, a 20% increase from 2023
Transaction witnessed exceptional investor demand in first-ever marketed offering of shares in the UAE and largest placement on ADX to date Sale of approximately 3.1 billion shares priced at AED 3.40 each, representing 4% of ADNOC Gas’ total share capital
The LNG will primarily serve GSPC's industrial customers
The contract is designed as a medium to long-term agreement allowing BPCL to broaden its LNG sourcing portfolio
The two shall now operate under a single brand - THINK Gas, to leverage operational efficiencies and expand market reach
This partnership is anticipated to significantly boost domestic oil and gas production
Penguins will also produce enough gas to heat around 700,000 UK homes per year
The Standalone Profit Before Tax (PBT) for the quarter ended on 31st December 2024 is Rs. 300 crore as compared to Rs. 296 crore for quarter ended on 31st December 2023
The facility will also produce argon and neon, enhancing the capacity of these rare gases, crucial for semiconductor manufacturing and welding applications
PAT increased by 45% to Rs. 3,867 crores in Q3 FY25 as against Rs. 2,672 crores in previous quarter
Total assignment of its 25% minority stake in the exploration, development and production rights of oil and natural gas in the Tartaruga Field
Nitrous Oxide is a critical input for the solar & semiconductor segments
The ship, Maran Gas Coronis, carrying LNG cargo was berthed on 6 January 2025
This facility represents an investment of around US$ 250 million and will process 50 million cubic feet per day (Mcf/d) of gas previously flared
Forecast for India’s petroleum product demand to rise by 3%-4% in FY25
Awards part of ADNOC Gas’ $15 billion CAPEX plan outlined in the recent strategy update
Whale currently has an estimated recoverable resource volume of 480 million boe
TSP has indicated a substantial potential increase of ~ 44% in crude oil (from baseline production of 45.47 MMT to 65.41 MMT) and ~ 89% increase in gas production (from 24.94 BCM to 47.22 BCM) for the ten-year contract period
The EPIC NGL business consists of two fractionators (170 MBD)
The 2.3 million tonnes per annum (mtpa) LNG project is expected to contribute to meeting global energy needs
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