India’s power minister on Saturday asked officials to consider diverting coal to power plants with extremely depleted stocks as shortages at some plants push several utilities to the verge of running out of fuel. Power minister R.K. Singh asked officials to “streamline the stock and supply of coal”, including a …
Read More »India Set to Deploy more than 4.5GW of Solar in Second Half of 2021
India is on track to install an additional 4,580MW of solar capacity in the second half of 2021 after seeing deployment marginally increase in Q2, according to Bridge to India. Despite fears of a third wave of the coronavirus pandemic, the research and consultancy firm estimates that India will add …
Read More »India Aims to End Energy Imports, Boost Infrastructure Spending
India aims to wind down energy imports in the next 25 years and invest 100 trillion rupees ($1.35 trillion) in infrastructure to boost economic growth, Prime Minister Narendra Modi said Sunday, laying out national priorities on the country’s 75th Independence Day. “For India to be self-reliant it is imperative that …
Read More »Iraq is India’s Biggest Oil Supplier in July
Iraq topped the list of India’s oil suppliers in July, data by Vortexa, an oil and gas analytic platform, revealed. The Vortexa data show that 64pc of India’s July crude imports, or 2.1mn b/d, came from the Middle East, compared with 2.3mn b/d in the previous month. Of the 2.1mn …
Read More »India in Talks with Russia over Investments in Russian Oil and Gas Assets
India is negotiating investments of between two and three billion dollars in Russian oil and gas exploration and production projects with the Russian government, the Business Standard newspaper reports, citing unnamed officials. According to the paper, the Russian government has offered several oil and gas fields to India’s natural resources …
Read More »India Wants Rich Countries to Pay More for Green Energy Shift
India can’t prioritize eliminating greenhouse gas emissions without sufficient financing from richer nations to help offset the high cost of transitioning to clean energy, according to a senior government official. In laying out its position ahead of key global climate talks later this year, the top bureaucrat in India’s environment …
Read More »India Cuts Middle East Oil Imports as It Seeks to Diversify Energy Sources
India, the world’s third-biggest oil importer, has significantly reduced its imports from the Middle East as part of a drive to diversify crude sources. The share of Middle Eastern crude in India’s oil imports fell to a 25-month low in May, tanker data provided by trade sources showed, as refiners …
Read More »Indian Companies Topped the List of Iraqi Oil Importers
The Iraqi state-owned Oil Marketer, SOMO, said on Sunday that the Chinese oil companies were the top buyers of Iraqi oil in May. In an official chart published on its official website, SOMO said that Chinese importers of Iraqi oil were eight, the most among 32 companies. Indian and U.S. …
Read More »US, India Agree to Build 6 Nuclear Power Plants
The United States and India on Wednesday agreed to strengthen security and civil nuclear cooperation, including building six US nuclear power plants in India, the two countries said in a joint statement. The agreement came after two days of talks in Washington. The United States under President Donald Trump has …
Read More »India’s Return to LNG Spot Market Hints at Post-Virus Recovery
India started buying prompt shipments of liquefied natural gas from the spot market after a two-month absence, indicating a rebound in demand as the nation exits a deadly phase of the Covid-19 pandemic. Petronet LNG Ltd. and Indian Oil Corp. awarded tenders for delivery over the next few months, the …
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