Tag Archives: India

India plans to secure long-term deals for the supply of liquefied natural gas in a bid to reduce the share of coal in its energy mix. The biggest gas importer on the subcontinent, Petronet, is looking to secure some 12 million tons of LNG annually in additional supply under long-term …

Russian gas company Novatek is open to accepting payments in Indian rupees for any LNG term deal it signs with Indian gas entities, its chairman Leonid Mikhelson said on the sidelines of the Indian Energy Week on Feb. 6. Novatek is in talks with state-owned gas utility GAIL and other …

For now, trade relations between Australia and China are sketchy at best. Therefore, Australia has started looking for other markets to ship commodities like ore and coking coke, one such market being India. However, over the past few months, the world has learned that many Indian steel mills have replaced …

The United Arab Emirates and India are discussing ways to boost non-oil commerce in rupees as the Gulf country looks to strengthen ties with its second-largest trade partner. “We are still in early-stage discussions with India on this dirham-rupee trade,” Thani al-Zeyoudi, the UAE’s Minister of State for Foreign Trade, …

The United Arab Emirates is in early discussions with India to trade non-oil commodities in Indian rupees, Minister for Foreign Trade Dr Thani Al Zeyoudi told Reuters on Thursday. The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies. He …

India’s power utilities will likely boost coal imports this year to cope with surges in demand, made worse over the past year by extreme temperatures, and with freight bottlenecks that are disrupting domestic coal supplies, analysts and officials said. A steady rise in industrial electricity use in recent years has …

India’s imports of Russian crude oil hit a record high of 1.2 million barrels per day (bpd) in December, as deep discounts on Russian crude when the price cap entered into force made India the top destination for Russia’s oil, ahead of China, Bloomberg reported on Monday, citing data from …

India has officially booted Japan out of the number three spot in the global automotive market. Latest industry data, reported on by Nikkei, shows that for the first time ever, India is now the third largest global auto market. For 2022, the country’s new sales came in at 4.25 million …

The crude oil export ban for countries implementing the G7 price cap that Russia announced this week could stimulate more exports to India, the Economic Times has reported, citing Indian industry executives. Earlier this week, President Vladimir Putin said Russia will stop selling crude to any buyer that includes a …

India has seen a considerable increase in exports of solar modules following the Biden administration’s ban on such modules suspected of being produced using forced labor in China. According to a report in the Times of India, solar module exports during the third quarter of the year totaled $157 million, …