NATURAL GAS POWER PLANTS
Petronet, Shell, Adani-Total push back against PNGRB's attempt to regulate LNG terminals
Liquefied natural gas (LNG) operators Petronet LNG, Shell, and Adani-Total are opposing the Petroleum and Natural Gas Regulatory Board (PNGRB)'s proposed regulations for establishing and operating LNG terminals. The draft regulations, which were unveiled last month, have been questioned by terminal operators, big gas consumers, and others due to concerns that they are not in line with the PNGRB Act.
Hydro power is facing a deepening dry spell
Hydro’s problems resemble those of the other veteran form of clean power, nuclear. Unlike wind and solar, it’s been an established technology for decades, so much of its growth potential has already been exploited.
World's first hydrogen-powered commercial ferry to run on San Francisco Bay, and it's free to ride
California officials announced that the world's first hydrogen-powered commercial passenger ferry, the MV Sea Change, will begin operations on San Francisco Bay on July 19. The 70-foot catamaran will transport up to 75 passengers as part of a pilot program designed to phase out diesel-powered vessels and reduce carbon emissions. The service will run for free for six months.
Essar Energy Transition to build Europe's first hydrogen-fuelled power plant
Essar Energy Transition will construct Europe's first all hydrogen-fueled power plant at Stanlow refinery by 2027. The $3.6 billion EET Hydrogen Power project entails 125 MW capacity and 6,000 tonnes of steam. It supports EET Fuels' aim for a 95% cut in emissions by 2030, enhancing employment in North West UK.
GST inclusion may double natural gas demand in seven years: Sanjay Kumar, GAIL
We are also hearing this that the excise duty on CNG may be considered for rationalisation by government because the other tax that is there on CNG is basically state VAT.
Untether the fuel nozzle: What India's oil & gas sector needs from Modi 3.0
When Narendra Modi took office as Prime Minister in 2014, he set clear goals for the oil and gas sector, leading to significant achievements over the past decade. His administration's strong policy support and close oversight have ensured nearly universal access to cooking gas, expansion of petrol pumps and gas distributors, growth in natural gas pipelines and LNG import capacity, an increase in ethanol blending, and a reduction in fuel subsidies.
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Centre says 19 coal mines allocated to 13 thermal power plants for fly ash disposal
In 2023, 19 coal mines were allocated to 13 TPPs for responsible fly ash disposal. Overseen by the Central Level Working Group and Additional Secretary, with the Central Electricity Authority, the initiative promotes sustainability. Fly ash's valuable composition allows for various applications, reducing the carbon footprint and addressing environmental concerns in the coal sector.
Bajaj Auto launches world's first CNG bike, Freedom 125. Check price, mileage and other features
India's Bajaj Auto has launched the world's first compressed natural gas (CNG)-powered two-wheeler, the Freedom 125, in Pune. The entry-level vehicle, likely priced at Rs 95,000, aims to shake up the motorcycle market. CEO Rajiv Bajaj praised the bike as an avatar of freedom and freedom from petrol. Key features include telescopic front forks, mono-link suspension, front disc and rear drum brake setup, and a 125cc engine.
Turkmenistan and Iran sign deal to supply gas to Iraq. Iran will build pipeline to aid delivery
Turkmenistan and Iran signed a contract for the annual delivery of 10 billion cubic meters of Turkmen gas, which Iran will then transport to Iraq. Iranian companies will build a 125-kilometer pipeline to increase Turkmenistan's delivery capacity, with plans to boost gas supplies to Iran to 40 billion cubic meters a year. This deal aims to mitigate last year's disruptions in Iraq's gas supply from Iran. Turkmenistan, reliant on gas export revenue, also supplies China and plans a pipeline for Afghanistan, Pakistan, and India.
Need to unbundle natural gas marketing and transportation, says Indian Gas Exchange CEO
Indian Gas Exchange (IGX) CEO Rajesh Kumar Mediratta advocated for an independent system operator to ensure fair access to natural gas pipelines' full capacity for all market players. He proposed the split of gas companies into separate marketing and transportation entities. He emphasised the need for a level playing field through equal access to information and charge mechanisms. Mediratta suggested measures for developing the domestic natural gas market, including bringing gas under GST and enforcing open access in city gas areas.
Tailwinds are winning, beneficiaries of strong OEM & replacement demand from auto sector: 5 tyre stocks with upside potential of up to 38%
It is a well known fact that if demand is growing at a fast pace, higher input cost can be easily passed on to the consumer. That is probably what the tyre industry is going through currently. Recently there was an increase in natural rubber prices and fears were expressed that margins might come under pressure. But two things happened just recently, the natural rubber prices corrected and the whole of the tyre stocks witnessed a sharp rally. While the risk of headwind in terms of higher input cost stays, will the OEM and replacement demand act as tailwinds and continue to power the stocks.
Indian Oil to boost LNG portfolio to 20 million tonnes by 2030
Indian Oil is set to increase its liquified natural gas (LNG) portfolio to 20 million tonnes per annum by 2030. The current portfolio stands at 7.8 million tonnes per year. Sujoy Choudhury, head of planning and business development revealed the development.
ONGC, IOC partner to set up LNG plant in Madhya Pradesh
ONGC and IOC signed an agreement to set up a small-scale LNG plant near the Hatta gas field in Madhya Pradesh.
Japan could be energy-independent by 2060 thanks to renewables: Rystad Energy CEO
Japan imports most of its energy resources, with the Middle East, Australia and the United States being its top suppliers. The government's strategy calls for a reduction in LNG and coal to under 40% of the power generation mix by 2030 from more than 60% now. But analysts say Japan is moving slower it needs to.
These 5 energy stocks can give more than 18% returns in one year
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Vedanta shares rally over 3% as SBI approves demerger plans
Vedanta's shares surged 3.6% on BSE to Rs 457.05 as SBI approved its demerger of its existing businesses into six independent entities, which is aimed for completion by December 2024.
Government slashes domestic natural gas prices amid major pricing overhaul
The Ministry of Oil lowered domestic natural gas price to USD 8.44 per mmBtu for June 2024, following a new pricing mechanism. This adjustment aims to stabilize the market and meet energy targets, benefiting consumers and producers alike.
ONGC to form an equal JV with EverEnviro to build 10 CBG plants
Oil and Natural Gas Corp (ONGC) and EverEnviro Resource Management Pvt Ltd are joining forces to construct 10 compressed biogas (CBG) plants, leveraging various feedstocks to reduce CO2 emissions by 7.5 lakh tons annually. ONGC, transitioning into the renewables sector, plans to establish solar, wind, and biofuel facilities alongside acquiring renewable projects. This strategic partnership signifies a pivotal step towards advancing renewable energy production in India.
Adani Total considering building more plants in India for LNG import
The company has a plan to double the capacity of its 5 million metric tonnes-per-year Dhamra LNG terminal in Eastern India, CEO Satinder Pal Singh said, adding that the terminal is operating at about 52% capacity.
India's natural gas demand to rise 7% in 2024, says IEA
Natural gas demand in India is projected to increase by 7% in 2024, primarily due to heightened usage in the industrial and fertilizer sectors. Additionally, the occurrence of heatwaves across the country will lead to higher usage in the power sector. However, despite this, the overall growth in natural gas consumption is expected to be slightly lower compared to 2023, when it saw a growth of nearly 10%.
GAIL's 10 MW green hydrogen plant in Madhya Pradesh inaugurated
India's largest natural gas transmission and distribution firm, GAIL (India) Ltd, has commissioned its maiden green hydrogen plant in Vijaipur, Madhya Pradesh. The 10-megawatt proton exchange membrane electrolyser for the green-hydrogen producing unit at the Vijaipur complex has been imported from Canada.
Numaligarh Refinery, Oil India setting up several compressed bio-gas plants in north east
Collaboration with Urban Local bodies for municipal solid waste collection has been initiated, said C&MD, OIL and Chairman NRL Dr. Ranjit Rath while speaking as at the Technical Symposium on ‘Creating Wealth from Waste: Role of Startup and New Enterprises’ organized by Pollution Control Board of Assam in Guwahati.
NTPC Q4 Results: Net profit jumps 33% YoY to Rs 6,490 crore; dividend declared at Rs 3.25 per share
State-owned power giant NTPC on Friday posted a 33 per cent rise in its consolidated net profit to Rs 6,490.05 crore in the March 2024 quarter, mainly on the back of higher revenues. The company had reported Rs 4,871.55 crore consolidated net profit in the quarter ended March 2023, a BSE filing said.
Believe it or not: Even in Saudi Arabia, renewable power is cheaper than fossil fuels
Saudi Arabia has signed deals to purchase electricity from two large-scale wind farms at record-low prices, cheaper than natural gas plants. The kingdom aims to shift rapidly to a larger share of renewables in the power grid, with the goal of generating half of its power from clean sources by 2030. The projects, developed by Japan's Marubeni Corp, benefit from state backing and favorable wind conditions in the country, making them more cost-effective than fossil fuel alternatives. The country's move towards renewable energy is part of Crown Prince Mohammed Bin Salman's efforts to diversify the economy away from oil dependence.
America is joining its frenemies back in the fossil fuel club
US President Joe Biden imposed tariffs on Chinese clean technology imports to support the US clean technology industry against China's dominance.
Russia, China to expand oil and gas trade
Russia currently delivers gas to China through the Power of Siberia pipeline and plans to build a second supply link along the same route no later than in 2027. It has, for years, been trying to sign a third gas contract with China, which would pave the way for a third pipeline via a different route via Mongolia. If all three lines operate as planned, Russia's gas flows to China could reach nearly 100 billion cubic meters per year.
Green with Envy: Now ONGC, NTPC arm may bid for Ayana Renewable Power
Oil and Natural Gas Corp (ONGC) is reportedly in discussions with NTPC Green Energy to form a consortium for bidding on Ayana Renewable Power, owned by the National Investment and Infrastructure Fund (NIIF). The enterprise value of Ayana is estimated to be around $2 billion. Other entities like JSW Neo Energy, Sekura Energy, Masdar, Macquarie, and Sembcorp have also shown interest in acquiring a controlling stake in Ayana.
ONGC, NTPC Green mull joint bid for NIIF-owned Ayana Renewable Power
ONGC is reportedly in discussions with NTPC Green Energy to jointly bid for Ayana Renewable Power, owned by NIIF. Several potential buyers have submitted non-binding offers for Ayana. ONGC previously announced ONGC Green for renewable projects, while NTPC Green plans an IPO. Ayana focuses on solar and wind energy projects.
L&T's power transmission, distribution business bags multiple orders in India, overseas
Floating solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/lake/abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil work.
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