"We are not renegotiating contracts, we stick with contracts - both sides - and we look for additional new contacts and volumes to comply with requirements from India," Mr Kaabi told reporters. Prime Minister Narendra Modi has said India needed to increase the share of natural gas in its energy mix to 15 per cent by 2030 from 6.5 per cent now.
Symbol: NATURALGAS| Contract: Aug, 2020| Category: Energy
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Natural Gas's Latest News
India consumed 83.5 million tonnes of diesel in the 2018/19 fiscal year, according to Ministry of Petroleum and Natural Gas data.
India consumed 83.5 million tonnes of diesel in fiscal year 2018-19, Ministry of Petroleum and Natural Gas data show, which was a record and 3 per cent above the prior year's total.
Spot LNG prices have more than halved since last year due to oversupply as producers battle for market share.
State-run Indraprastha Gas Ltd (IGL) has slashed the prices of compressed natural gas (CNG) and piped natural gas (PNG) in the national capital and adjoining cities. The price of CNG for automobiles has been reduced by Rs 1.90 per kg in Delhi and by Rs 2.15 per kg each in Noida, Greater Noida and Ghaziabad, IGL said in a statement. PNG rates have b...
Sources told Reuters on Friday that Petronet would sign a memorandum of understanding with Tellurian to invest $2.5 billion for rights of up to 5 million tonnes a year of LNG over the lifespan of the Driftwood project.
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