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The government has revised the priority order for allocating domestically produced natural gas, placing LPG production, CNG for transport and piped cooking gas for households at the top of the list, as disruptions in imported gas supplies intensify amid the widening West Asia conflict, PTI reported.According to a gazette notification, the requirements of these sectors…
More than oil though, it is the disruptions in LPG imports from West Asia that are having an immediate impact. (AI image) Oil, LPG, and LNG – the backbone of a growing Indian economy – have seen their supplies being hit due to the Middle East tensions and the closure of the Strait of Hormuz…
NEW DELHI: With nearly 40% of India’s LNG flow hit due to the West Asia conflict, govt is working on an “optimisation plan” for industries, including priority segments such as fertiliser. Those familiar with the discussions said the petroleum ministry could work out the arrangement as early as Tuesday, with a reduction in supply to…
NEW DELHI: State-run GAIL India Thursday said its supplies from Petronet LNG may be hit due to curtailments from QatarEnergy, even as the government is in talks with Australia and Canada to purchase gas.On Wednesday, Petronet had informed stock exchanges about the force majeure notice from QatarEnergy which was forced to stop production after a…
NEW DELHI: India may face serious disruptions in supply of fertilisers and raw materials in the next kharif season — starting in June — if the blockade of the Strait of Hormuz continues due to the conflict in West Asia, industry insiders said. They added that there is no immediate crisis because it is a…
India’s top gas importer Petronet LNG has issued a force majeure notice to its supplier QatarEnergy and local buyers as its vessels are unable to reach Ras Laffan load port due to the crisis in West Asia, it said in an exchange filing on Wednesday.The US-Iran conflict has disrupted fuel shipments in the region. Transit…
A Russian liquefied natural gas (LNG) carrier, the Arctic Metagaz, has sunk in the central Mediterranean between Libya and Malta after a “sudden explosion” triggered a massive blaze on board, Libya’s ports and maritime transport authority said on Wednesday.They added that all 30 crew members were rescued in nearby Libyan waters.Libya’s ports and maritime transport…
Shares of Petronet LNG Ltd plunged almost 12% on Wednesday after reports that Qatar, India’s top supplier of imported natural gas, had declared force majeure following a halt in production amid the ongoing crisis in Middle East. On the BSE, the stock dropped 11.69% to Rs 273, while on the NSE it fell 11.95% to…
Estimates from experts on India’s dependency on Middle East and the Strait of Hormuz peg it at 50% of India’s oil imports. (AI image) India is among the top five world economies and its energy security is of paramount importance. The ongoing US-Israel-Iran war has caused disruptions in global oil, gas and trading shipments, especially…
Qatar’s state-owned energy giant, QatarEnergy, announced on Monday that it had suspended liquefied natural gas (LNG) production following Iranian drone attacks on two of its key processing facilities. The halt affects operations at Ras Laffan Industrial City, the world’s largest LNG complex, and Mesaieed Industrial City, both critical hubs for the Gulf state’s gas output.Qatar’s…
