India has raised by 5% its previous projection for peak electricity demand in the financial year 2031-2032, due to surging demand last year that outpaced the government’s forecasts, sources with knowledge of the latest forecast told Bloomberg on Monday. In the FY 2031-2032, between April 2031 and March 2032, India …
Read More »Turkmenistan and India Talk over TAPI Project Chores
Turkmenistan and India discussed the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, Trend reports. These issues were discussed between President of Turkmenistan Serdar Berdimuhamedov and newly appointed Ambassador Extraordinary and Plenipotentiary of India to Turkmenistan Madhumita Hazarika Bhagat. During the meeting, the parties noted the importance for all participating …
Read More »Equinor Signs 15-Year LNG Supply Deal with Indian Firm
Equinor has signed a 15-year agreement to supply LNG to India’s Deepak Fertilisers, which will use the gas mainly as a feedstock for ammonia production at a new plant, the Norwegian energy major said on Monday. Equinor is growing its LNG portfolio and will use the super-chilled fuel from its …
Read More »India’s Natural Gas Consumption Set to Triple by 2050
India’s industry expansion and rising oil refining to meet higher fuel demand are set to drive a tripling of the country’s natural gas consumption by 2050, the U.S. Energy Information Administration (EIA) said on Wednesday. In 2022, India’s natural gas consumption amounted to 7.0 billion cubic feet per day (Bcf/d), …
Read More »India Calls for $1 Trillion Annual Climate Funding from Developed Economies
Developed economies need to provide at least $1 trillion per year to climate finance for developing countries to meet the national and global climate targets, one of the biggest developing economies and a major carbon polluter, India, said in a proposal to the United Nations. Developed countries have pledged to …
Read More »India Looking for Multi-Year Oil Purchase Deal with Guyana
India is looking to sign a multi-year oil purchase deal with Guyana, the Guyanese minister for natural resources, Vickram Bharrat, said on Thursday, as the subcontinent moves to diversify its supply of crude imports. Referencing the possibility of a long-term oil deal with India, Bharrat told reporters on the sidelines …
Read More »IEA: India to be Largest Source of Oil Demand Growth until 2030
India’s role in global oil markets will likely expand substantially over the remainder of the decade, fueled by strong growth in its economy, population and demographics — making the country the largest source of demand growth, the International Energy Agency said in a report Feb. 7. n the report titled …
Read More »India to Sign Billion Dollar Deal to Extend LNG Imports from Qatar
India is likely to sign on Tuesday a multi-billion dollar deal to extend LNG imports from Qatar till 2048 at rates that are lower than current prices, sources said. Petronet LNG Ltd will sign the deal with QatarEnergy to extend import of 7.5 million tonne a year on sidelines of …
Read More »India Bets on Carbon Capture to Keep its Coal Sector Viable
India is set to launch a carbon capture policy that it says will allow it to keep exploiting its vast coal resources and deal with its growing emissions, according to to a top government energy adviser. The policy is expected to be unveiled later this year – should Prime Minister …
Read More »Qatar to Offer Cheaper LNG to India in New Long-Term Supply Deal
QatarEnergy and India are expected to sign soon a new long-term LNG supply deal under which Qatar is set to offer cheaper and more flexible supply to the Asian customer, Reuters reported on Friday, citing trade sources. Qatar, one of the world’s top LNG exporters, prefers to sign long-term agreements …
Read More »