Policy
Will Rising Crude Oil Prices Touch $100 Per Barrel?
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Russian Urals tops India’s imports Even After Discounts Drop
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India’s LNG Import To Surge If Spot Prices Come Down Further
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Prospects Of Achieving 15 % Share For Natural Gas In Energy Mix By 2030
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India Fails To Increase Domestic, Overseas Oil Production
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Regulation
Is India Trying To Become Global Leader In Producing SAF?
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Underutilisation Of LNG Terminals Capacity Prompts Fresh Move By Regulator
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Entering Indian Crude Basket Is Not Going To Be Easy For Russian Crude
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Windfall Tax System Turns Out To Be Effective, Efficient In Implementation
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Alternative Energy / Fuel
How Solar Energy Benefits Millions In India
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New Projects
GAIL’s Urja Ganga Gas Pipeline Completion Delayed
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Announce BPCL Refinery For Andhra Pradesh In Budget 2024
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World Bank Approves Additional $1.5 Billion In Financing To Support India’s Low-Carbon Transition
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Market Watch
Aether Industries Signs Supply Deal With Baker Hughes
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Companies
Texol Lubritech FZC
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L&T Bags Offshore Pipeline Order From ONGC
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ONGC And IOCL Partner To Establish LNG Plant Near Hatta Gas Field
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Press Release [FREE Access]
Latest Exclusives

July 23, 2024: India’s oil and gas sector has as many as 12 state-owned companies, popularly known as PSUs. They have an approved capital expenditure target. How much has been utilised in the first quarter (April-June) of the current FY 25? Click column Special Database for company-wise details.


July 22, 2024: Petroleum products consumption continued its growth in the month of June 2024, but High Speed Diesel (HSD) which enjoys the largest share in the market registered a de-growth during the month even as LPG and Jet Fuel continued their impressive growth. Click column Special Database for product-wise details.


July 10, 2024 | Oil product exports: India must abandon a pipedream | India has a few badges of honour: it is the third largest importer of crude oil, the fourth largest buyer of LNG, and the second largest importer of LPG (cooking gas). These badges signify a very high level of dependence on energy imports for a country which aspires to become the third largest economy in the next five to six years. Some experts, however, make a big deal about the fact that India is now ranked as the largest exporter of petroleum products in Asia. There is a growing perception among certain energy experts that India should focus on exports of petroleum products in a bigger way. For this, India needs to ramp up its crude oil refining capacity. Some experts are sceptical about plans to expand petroleum refining capacity to levels that will more than cover its own needs. According to them, India has no marginal advantage in refining crude as it imports about 88% of what it refines. Click Free Access column Petro Intelligence to read an interesting piece.

Today's News [FREE Access]
India’s petroleum products exports declined in FY24 despite increase in volumes: Economic Survey 2024
July 23, 2024: India’s petroleum products (POL) exports declined in the financial year 2023-24 despite of the increase in volume of the exports, according to the Economic Survey 2023-24 tabled on July 22. The survey showed that the value of exports declined by 13.7 percent in FY24 to $84.2 billion from   more..


IndianOil to triple gas sales, boost renewable energy to 31 GW by 2030
July 23, 2024: Indian Oil Corporation plans to increase its natural gas sales threefold and expand its renewable energy capacity to 31 GW by 2030. Additionally, the company aims to establish a 5 GWh lithium-ion battery production capacity by 2031 as part of its strategy to diversify its energy portfolio. As the   more..


BluPine Energy secures financial closure for 120-MW solar project in Gujarat
July 23, 2024: BluPine Energy, a renewable energy services company established in India by global infrastructure investor Actis, on Monday announced the successful financial closure for its 120-MW solar project in Panshina and Radhanpur village of Gujarat under Gujarat Urja Vikas Nigam Ltd (GUVNL). According to   more..


Maharashtra To Embrace LNG Buses, Govt Sanctions Rs 400 million
July 23, 2024: The state government has sanctioned the Maharashtra State Road Transport Corporation (MSRTC) a substantial sum of Rs 400 million for the conversion, infrastructure, and maintenance of vehicles to be operated on Liquefied Natural Gas (LNG) as an alternative fuel. The bus corporation intends to   more..


Economic Survey 2024: Renewable energy investments to fuel India’s green transition, aiming for 500 GW by 2030
July 23, 2024: India's renewable energy sector has achieved a new milestone with the installed capacity reaching 190.57 gigawatts (GW) as of March 31, 2024, accounting for 43.12% of the nation’s total installed power generation capacity, according to the Economic Survey 2023-24, tabled by Union Minister of Finance   more..


Coal to have significant place in India’s diversified energy basket: Eco Survey
July 23, 2024: India will target a diversified set of sources for energy security with a significant place for thermal power, including coal to provide base load, to minimise risks associated with systems while pursuing low-emission pathways in line with national commitments, said the 2023-24 Economic Survey Union finance   more..


KPI Green Energy secures 100 MW hybrid project from Aether Industries
July 23, 2024: KPI Green Energy has announced a significant order for a 100 MW hybrid energy project from Aether Industries. The project is slated for completion in the financial year 2024-25, delivered in various phases as outlined in the order. The order, confirmed through an exchange filing, marks a notable milestone for KPI Green   more..


India Witnesses Phenomenal Growth in LPG Infra Over Past Decade
July 23, 2024: India now has one of the most robust LPG supply infrastructure globally. Before April 2014, nearly 45 per cent of Indian households didn’t have access to clean cooking fuels and were constrained to depend on traditional fuels like cow dung, biomass, firewood etc. Responding to a question,   more..

Petropulse / Guest Column
Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy Bhamy ShenoyRussian-Ukraine war has brought about dramatic changes in international gas and oil sector because of the oil embargo by the west and gas more...

IOG Exclusive
Double Trouble
By R. Sasankan If you ignore history, you are condemned to repeat it. The stark truth of this aphorism came back to me the other day when I read a Reuters report that said Indian Oil Corporation was aiming to double the capacity of its liquefied natural gas more...

Cheap Crude Does Not Benefit PSU Refineries
By R. Sasankan Parliamentarians in India have a heart-warming desire to shape public policy; the trouble is that in their eagerness to do something - anything - they can allow the nobility of their intention to smother the practicality of their proposed interventions. In their zeal more...

Single Agency Needed To Acquire Overseas Energy Assets
By R. Sasankan India is a country of many paradoxes – and it is this quality that makes it hard for policy makers to find the right palliative for its myriad problems. The country is one of the fastest growing economies in the world and hopes to become a $ 5 trillion more...

Tackling Blowback From Sanctions
By R. Sasankan India and the US have developed close ties over the past few years as they perceive China to be a common enemy whose reach and influence must be circumscribed. On its own, India cannot counter China’s growing ambitions in the Asia-Pacific region. Likewise, more...

Gas Ratio Target: Time For A Revision?
By R. Sasankan When Prime Minister Narendra Modi announced his ambitious objective to raise the contribution of natural gas in India’s energy mix to 15 per cent by 2030, the experts in the petroleum industry were left astounded by the boldness of the claim. more...

West Coast Refinery Continues To Battle A Jinx
By R. Sasankan Industrial projects in India can never seem to skirt controversy and invariably go through a prolonged period of uncertainty as promoters fret over the roadblocks they face. The intensity of the controversy is directly proportional to the size of the more...

Can The Downstream Man Bail Out ONGC?
By R. Sasankan “New Delhi: Under-investment in the Oil & Gas sector could hamper India's progress, Arun Kumar Singh, Chairman and CEO of state-owned Oil and Natural Gas Corp (ONGC), has warned. National Oil Companies around the world are facing increasing pressure more...

Oil PSUs In Trouble Again
By R. Sasankan International price of crude oil has risen by 30% in the third quarter of 2023. Global crude oil inventories are at seasonal lows and production cuts, announced transparently by OPEC+ till the end of December 2023 amount to about 3.3 million barrels a more...

Gas Ratio Target: Time For A Revision?
By R. Sasankan When Prime Minister Narendra Modi announced his ambitious objective to raise the contribution of natural gas in India’s energy mix to 15 per cent by 2030, the experts in the petroleum industry were left astounded by the boldness of the claim. more...

Tackling Blowback From Sanctions
By R. Sasankan India and the US have developed close ties over the past few years as they perceive China to be a common enemy whose reach and influence must be circumscribed. On its own, India cannot counter China’s growing ambitions in the Asia-Pacific region. Likewise, more...

Special Reports
The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
Surya P. SethiMay 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South. Click more...

Qatar pauses Red Sea LNG traffic: ICIS analyst view
January 18, 2024: Click HERE to read article by Alex Froley, LNG Market Analyst at ICIS, examines the possible effects of ongoing disruptions in the Red Sea on global LNG trade. more...

Can LNG replace Russian gas in Europe?
European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some... more...

Importance Of Offshore Wind Power
Offshore wind power market plays an important role in achieving the renewable target in most countries, but not in India. India needs a clear, time-bound, quantitative target for offshore wind development, and a roadmap of how to achieve it, says the Baroda-based Centre for Fuel Studies and Research, Click more...

Future Power Grid Vision - Grid Of Microgrids
The electric grid has been around for nearly 140 years, but it’s yet to overcome its biggest nemesis: the weather. Recent prolonged blackout in Texas (Snow storm) is showcasing that point as it suddenly rivals California (Forest wildfires) in proving the need for microgrids. Sustainable energy is the sustainable more...

Views
Speech of Former Petroleum Secretary, T.S. Vijayaraghavan, on Indias Petroleum Sector
Demand & Growth: India's Crude Oil demand has risen from 0.65 Million Barrels a day in 1980 to 3.7 Million barrels and will reach 4 Million by 2016. Internal production is now less than 0.8 Million Barrels a day. It more...

The KG basin price hike socialises costs and privatises profits
Why the Rangarajan Committee's complex pricing formula will inflict heavy burdens on the power and fertiliser sectors and give a private gas producer windfall profits? The ministry of petroleum and natural gas has proposed to increase the price of natural gas from the Krishna Godavari (KG) more...

Fire From Ice: A Promising New Energy Source
Massive imports of oil and natural gas have exacerbated India’s big trade deficit, which is a hurdle to the acceleration of economic growth. Light at the end of the tunnel comes from a technological breakthrough last week by JOGMEC (Japan Oil Gas and Metals National Corporation). It succeeded in extracting natural gas more...

The Diesel Subsidy Hole
Under-recovery on diesel as per the Indian petroleum ministry website was . 10.94 a litre in February 2012 when the procurement price was . 37.80 per litre ($122.06 a barrel). The diesel under-recoveries are expected to exceed . 750 billion at average price of $95.66 a barrel while total annual shortfall due to fuel subsidies more...

Personalities
Vivek Chandrakant Tongaonkar Takes Charge As ONGC Director (Finance)
Vivek Chandrakant TongaonkarThe Oil and Natural Gas Corporation (ONGC) announced the appointment of Vivek Chandrakant Tongaonkaras the new Director (Finance). Tongaonkar, an industry veteran with over 37 years more...

Y Reddy Appointed CGM Of Petronet LNG
Yogananda Reddy has been designated as CGM, Vice-President (Technical & HSE), and Chief Risk Officer of the Petronet LNG Ltd Board with effective from 1st July 2024. Y. Reddy, 57 years old, has over 34 years of experience in industrial plant operations and maintenance, he brings valuable expertise to his profession. He more...

Mundkur S Kamath Gets Additional Charge As Director (Finance) Of MRPL
Mundkur S KamathMundkur S Kamath, who is presently serving as Managing Director (MD) of MRPL, has been assigned additional charge of Director (Finance) for a period of three months with effect from July 2, or till the more...

Oil India Approves Appointment Of Rupam Barua As Chief Financial Officer
Rupam BaruaOil India Limited approved the appointment of Rupam Barua, ED (F&A) as Chief Financial Officer ICFO] of the Company, effective 1s July, 2024. Currently, he is heading Finance & Accounts Department more...

IEX Board Reappoints SN Goel As CMD, Promotes Rohit Bajaj As Joint MD
Indian Energy Exchange Ltd (IEX) board has announced the reappointment of Satyanarayan Goel as Chairman and Managing Director (CMD) and the promotion of Rohit Bajaj to Joint Managing Director. more...

Indian Petro Scene - In a Nutshell
On April 10, 2021 www.indianoilandgas.com entered the 28th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 28 years ago, India’s petroleum industry was almost totally controlled by the government. India was not rated high either as a producer or consumer of crude and petroleum products. Today, India is the world’s third largest importer of crude and second largest importer of LPG and Asia’s largest exporter of petroleum products. Without violating the government norms regarding dissemination of information, www.indianoilandgas.com has been consistently helping the industry with authentic articles and data on all areas of oil and gas industry.

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Petro Intelligence [FREE Access]
Oil Product Exports: India Must Abandon A Pipedream
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Disturbing Truth: No One Good Enough To Fit The Bill
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Time To Go Big On Crude Oil Deals With Russia
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Time For India To Revisit Gas Policy
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Foreign Investment
ADB, ENGIE SA Partner To Build 400 MW Solar Power Plant In Gujarat
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Overseas Investment
Texol Lubritech FZC Bags Order From Abu Dhabi National Oil
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Gas Scene
What Precisely Is Wrong With Fixing Of Natural Gas Production Targets?
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Highest Ever Natural Gas Consumption In May 2024
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India Still Wrestling With shale Gas & Oil Development Without Much Success
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Domestic Natural Gas Scene In May 2024
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Increasing Share Of RLNG In India’s Natural Gas Consumption
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Rise And Fall In India’s LNG Imports
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India’s Rising LNG Imports
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Domestic Natural Gas Scene in April 2024
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India’s LNG terminals Suffer From Low Capacity Utilisation
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Compressed Bio Gas Development In India
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Coal Bed Methane (CBM) gas development in India
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Natural Gas Pipeline Network In India
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India’s Rising LPG Consumption
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Break-Up Of R-LNG, Domestic Gas Consumed by Major sectors Of Indian Economy
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Price Factor Influencing Gas Import Dependency
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Domestic Natural Gas Scene in FY 2023-24
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
PSU Oil Companies Not In Hurry To Exhaust Approved Capital Expenditure
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Petroleum Products Consumption In June 2024
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How Much Crude Oil Did India Import in the 1st Quarter of FY ’25?
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Declining Trend In Domestic Crude Production Continues in FY ‘25
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Stalemate In Indian Oil Corporation’s Upstream Operations?
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How Did Upstream Major ONGC Perform In FY ’24?; ONGC’s Own Assessment About Its Performance
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Impressive Growth in Alternative Fuel Marketing Infrastructure
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Share Of Domestic Crude In Petroleum Products Consumed
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Crude Importer India’s Petroleum Products Surpluses
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How Prices Moved In Indian Basket Of Crude In June?
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Analysis Of Petroleum Products Consumption Trend In FY 2024-25
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Banned Petcoke Is In Great Demand In India
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Consumption Of Petroleum Products Dips Marginally In May 2024
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Record breaking temperature aggravates power shortage pushing up diesel demand
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India’s Export And Import Of Petroleum Products Decline In May 2024
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Analysis Of Crude Oil Processed In Indian Refineries In May 2024
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Russian Crude retains Its India Share Undiminished, Imports From OPEC Up In May
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Increasing LPG Consumption Eluding A Solution
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Petroleum Products Consumption Growth Shrinks During April-May 2024
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Sharp Decline In GRMs Of State-Owned Refineries In FY ‘24
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Rising Oil production By Non-DoC Countries
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Indian Crude Basket Prices In May 2024
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Power Situation Heading For Difficult Days
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