Month: February 2025

GreenLine Mobility Solutions plans to expand its LNG retail outlets from three to 10 by 2025 and increase its fleet of LNG-powered trucks to 1,000 by March FY25, aiming to cut emissions and reduce reliance on diesel. The expansion includes building critical fuelling infrastructure, crucial for India’s transition to a greener logistics industry, according to CEO Anand Mimani.

India is aiming to expand its nuclear power capacity significantly by 2047 with over $2 bn pledged toward research and changes in laws to attract investment. Despite nuclear power’s high cost and long installation time, it is seen as a necessary addition to combat climate change and improve energy reliability.

Adani Power may restore its full electricity supply to Bangladesh as the country is reducing its power dues. Bangladesh’s payments have decreased from $1 billion in August 2024 to $700 million, with current monthly payments at $85 million. A meeting to resolve further issues between BPDB and Adani officials is ongoing.

OPEC’s Secretary General Haitham al-Ghais emphasizes the importance of oil market stability for global economic growth and investment. He highlights OPEC+ unity in analyzing and balancing supply and demand to maintain market stability, countering accusations of artificially boosting prices.

Indian union oil minister Hardeep Singh Puri highlighted nuclear power’s role in energy discussions, citing potential for small modular reactors following India’s nuclear treaty with the US. Upcoming amendments to laws aim for 100GW nuclear energy by 2047. India’s collaboration with the US for more energy could reduce global energy prices.

Russia remains capable of fulfilling all its energy contracts despite new US sanctions. Deputy Energy Minister Pavel Sorokin criticised the sanctions’ negative impact on the global economy and emphasised ongoing energy cooperation with key partners, including India. Indian refiners are sourcing more oil from the Middle East to compensate for reduced Russian supplies.

The Bombay High Court has granted the Adani group permission to cut 209 mangroves for a high voltage transmission line deemed critical to boost Mumbai’s electricity supply. This 80 km project, with part passing through mangrove areas, aims to address the city’s growing energy demands, balancing sustainable development and environmental needs.

BP and Engineers India Ltd have signed an MoU to explore opportunities in supporting oil, gas, and refining activities. The agreement includes forming joint teams to discuss technical support across BP’s global assets in refining, terminals, pipelines, oil and gas, and offshore/subsea portfolios. The MoU is valid for three years and may expand to other energy vectors.

Indian Prime Minister Narendra Modi is set to discuss nuclear energy, including small and modular reactors, with US President Donald Trump. The discussions will also cover bilateral energy trade, with a focus on sourcing LNG from the US to diversify India’s energy portfolio.

India has launched its largest oil and gas bid round, offering 25 blocks covering 1.91 lakh square kilometers, mainly offshore. This move aims to enhance domestic production, reduce imports, and improve energy security, attracting bids from both state-owned and private companies.