The JV has been incorporated with equity participation from Indraprastha Gas Limited (IGL) and Genesis Gas Solutions Pvt. Ltd. in the ratio of 51:49 respectively
Indian Oil’s LPG Import Terminal at Puthuvypeen, Kochi, built at a cost of about Rs. 1,236 crores, boasts state-of-the-art facilities
The partnership between the two companies aims to help long-haul heavy-duty vehicles replace diesel with LNG
Vital will deliver LNG from its global LNG portfolio to GAIL in India on a pan-India basis
IGX traded a total of 7, 82,000 MMBtu domestic ceiling price gas during the month
Equinor will be able to transport natural gas from the Roncador field
Gas introduction has been achieved after the final investment decision
This project is a cornerstone in the National Gas Grid
OMV is currently examining the current facts to preserve its rights
The terminal will have capacity of approx. 4 MMTPA (Phase-1) with provision for converting to 5 MMTPA
Deliveries are expected to start in 2028, upon commencement of commercial operations at the facility
The amendment signed changes the delivery profile of the total volume of gas contracted by Petrobras
Presently in India the share of natural gas in energy basket is 6.7%
This transaction would enable Aramco to secure additional outlets for its refined products
During the month, the Exchange traded gas flows were ~6.7 MMSCMD due to significant trades matured in previous months.
Indian gas consumption is up sharp 15% yoy to ~185 mmscmd in FY2024TD
IPM Agreement with ARC Resources expected to support Sabine Pass Expansion Project and secure increased LNG supplies into Europe
This project will be the largest-capacity cryogenic LPG storage terminal facilities at JNPT Port
The objective is to develop LPG import infrastructure and optimize LPG seaborne imports into India
The first phase of collaboration will be an engineering study into the production of methanol from biogas and syngas
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