Tag Archives: India

Demand for petroleum products in India has tumbled to multi-year lows following its first contraction in consumption since 1999, as the coronavirus pandemic rattles the world’s third-largest oil importer and consumer. Total petroleum consumption was down for the whole year of the pandemic, falling by over 10 percent to 193.4 …

An Indian state government has announced the world’s largest floating solar project will begin operations in 2022-23. The government of Madhya Pradesh made the announcement concerning the 600MW capacity facility on the Narmada river. The floating panels will be installed in the backwaters of the Omkareshwar dam and cover approximately …

The 30GW park spreads across 70,000 hectares of land, equivalent to the size of Singapore.

India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela, after Joseph Biden becomes president of the United States, Oil Minister Dharmendra Pradhan said on Wednesday. “As a buyer I would like to have more buying places. I should have more destinations to go …

India’s energy demand is poised to bounce back as Asia’s third-largest economy reopens for business, oil minister Dharmendra Pradhan said. The country’s consumption of petrol, gas oil and cooking gas in October “exceeded the figures of last year”, said Mr Pradhan during the online Abu Dhabi International Petroleum Exhibition and …

With the pandemic pummelling global demand, India will drive the energy consumption in the world, Prime Minister Narendra Modi said on Monday as he pitched for global oil and gas suppliers to adopt responsible pricing and move towards transparent and flexible markets. Speaking at the 4th India Energy Forum by …

India has all but lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran decided to prefer domestic companies over foreign firms for development of the field, sources said. ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), had …

India’s gas-based power generation this year has climbed to a level not seen in years as record low gas prices helped to make it relatively more attractive than coal in certain regions of the country, with analysts expecting the trend to continue for the rest of the year. The substantial …

India has accumulated huge oil reserves during the pandemic, taking advantage of the depressed prices and lack of demand across the world. State-funded strategic crude oil reserves are meant to tackle emergency situations and allow the Modi government to tide over short-term supply disruptions. The Indian government revealed on Tuesday …

The Government of India reportedly plans to shut 32 units across 12 power plants in the country as they have failed to meet emissions targets. The Financial Times reported that the units, which have a combined capacity of 5.019GW, failed to submit plans to meet the prescribed emission control norms. …