Indian LNG imports show long-awaited surge of over 17 percent in full fiscal year even amid growing domestic output
Indian liquefied natural gas imports showed a long-awaited surge of over 17 percent in the full fiscal year to the end of March as growing domestic gas output was offset by falling LNG prices and the nation’s increasing demand for gas marked by a new West Coast terminal set to start commercial operations soon
Indian LNG imports rebound with 6.5 increase as domestic demand also rises and prices steadily fall
Indian liquefied natural gas imports rebounded by 6.5 percent and offset a monthly decline in domestic gas production at a time when gas demand is rising and prices steadily falling from last year’s record levels.
Two Indian companies team up to develop LNG fuel corridor for trucks and buses across state of Maharashtra
Mahanagar Gas Limited (MGL), the growing Indian city-gas distribution company, has signed an agreement with Baidyanath LNG (BLNG) to give some momentum to the expansion of a liquefied natural gas fuel station network with a build-out starting from the western state of Maharashtra.
MGL, which is listed on the Bombay Stock Exchange, is the sole authorized distributor of compressed natural gas (CNG) and Pipeline Natural gas (PNG) in the city of Mumbai and its adjoining areas as well as in the city of Raigarh, located in the land-locked central Indian state of Chhattisgarh.
BLNG is an LNG fuel pioneer and opened India’s first LNG fuel station almost two years ago at Dighori and which was aimed at LNG-powered vehicles using the national highways around Nagpur, one of the main cities in Maharashtra.
Until the BLNG fuel station opened, the only LNG fuelling point were at India’s LNG import terminals where truck-loading stations are open to contracted customers only, though cannot supply random members of the public.
Infrastructure
“We are pleased to enter into this arrangement with BLNG for development of LNG infrastructure,” said Ashu Shinghal, Managing Director, of MGL.
“Both parties have their own set of skills and capabilities which can be harnessed to offer seamless solutions to the customers. MGL has always played a constructive role in the development of an environment which can facilitate faster adoption of cleaner fuel,” explained Shinghal.
MGL already has city-gas connectivity to approximately 2.07 million domestic households, which is a high figure for India, and operates about 300 filling stations mainly selling compressed natural gas (CNG).
The company additionally has more than 6,400 kilometres of pipelines and associated infrastructure.
BLNG Chief Executive Vaddadi Subbarao said he was delighted to enter into this agreement with MGL for the development of an LNG corridor to be initially focused on the Maharashtra region.
“This agreement provides us with an added impetus in our mission to create a wide network of these LNG stations across Maharashtra. We look forward to enabling India’s mission of decarbonizing heavy trucking by ensuring uninterrupted LNG supply on key trucking routes,” Subbarao explained.
The Baidyanath group, a private company, distributes medicines, food and cosmetics as the main part of company activities.
While its energy unit operates just two LNG fuel stations at the moment it plans to set up around 15 stations in the Vidarbha region of Maharashtra.
MGL in addition to being BSE-listed counts among its shareholders Gas Authority of India (GAIL) with a 32.5 percent stake and the government of the state of Maharashtra, which owns 10 percent of MGL.
India sets natural gas cap to boost demand and LNG imports at lower prices amid more Russian oil purchases
LNG importer India is expected to encourage increased domestic natural gas demand in the months ahead after the Government introduced a gas prices cap for two years to help boost the economy in sectors such as the fertilizer industry, refining and petrochemicals.
Indian LNG importer and gas grid operator GAIL reports drop in net profits while revenues move ahead
Gas Authority of India (GAIL), the LNG importer and natural gas pipeline grid and city-gas operator, reported a decline in net profits even as total revenues increased for the fiscal third quarter and the year to date.
Hiranandani Group’s H-Energy signs deal with Höegh LNG for FSRU at Jaigarh Port from March 2021
The Hiranandani Group of India said its H-Energy subsidiary had entered into a binding commitment with Norway’s Höegh LNG for the supply of a floating storage and regasification unit (FSRU) to be deployed at Jaigarh Port in the West Coast Indian state of Maharashtra.
US Sempra and Cheniere LNG as well as India’s Petronet give views at Gastech on market challenges
Executives from the leading LNG companies in North America and India took centre stage at the Gastech Virtual Summit on the key issues facing the natural gas industry, with Sempra LNG saying the energy transition was already happening in California and gave an estimate of natural gas needed in LNG terms to back up renewables.
Indian Minister says gas and LNG infrastructure investment requirements are around $100Bln
The Indian Minister of Petroleum and Natural Gas, Dharmendra Pradhan, said the government was committed to promoting a natural gas-based economy and that infrastructure investment requirements amounted to around $100 billion for pipelines, city-gas connections, LNG terminals and gas fuel projects.
