Furnace oil consumption in India jumped 29.8% in July as industries shifted from natural gas to alternative fuels amid supply disruptions linked to the West Asia crisis. According to data released by the Petroleum Planning and Analysis Cell (PPAC), consumption of furnace oil and low sulphur heavy stock (FO/LSHS) increased to 634 thousand metric tonnes […]
By entering into a Master LNG Sale and Purchase Agreement (MSPA) with TotalEnergies Gas & Power Ltd (TEGPL), the state-run Oil and Natural Gas Corporation (ONGC) has taken a calculated move to fortify India’s LNG supply infrastructure. The deal gives ONGC more procurement flexibility in the face of changing global energy markets by allowing it […]
A five-year Master Regasification Agreement (MRA) with Oil and Natural Gas Corporation (ONGC) and a one-year Master Agreement with Mahanagar Gas Limited (MGL) for the sale of regasified LNG (RLNG) are two significant agreements that Petronet LNG Limited (PLL) announced on Tuesday with the goal of bolstering India’s natural gas supply chain. At its Dahej […]
Hindustan Petroleum Corporation Limited (HPCL), one of India’s largest integrated oil refining and marketing company, has signed a Heads of Agreement (HOA) with Abu Dhabi Gas Liquefaction Company (ALNG) a subsidiary of ADNOC Gas for procurement of Liquefied Natural Gas (LNG) for a 10-year term. ADNOC Gas is a world-class, large-scale integrated gas processing […]
