Oil India Limited starts natural gas production at Bakhri Tibba block. The block is near the India-Pakistan border in Rajasthan. Hardeep Singh Puri announced the start of production. The gas production has reached 67,200 standard cubic meters per day. The gas is supplied to GAIL and Rajasthan Rajya Vidyut Utpadan Nigam Limited. This production enhances India’s energy security and self-reliance.
Chennai Petroleum to set up retail fuel outlets; commits Rs 400 crore capex
Chennai Petroleum Corporation Ltd, an IndianOil Group company, is venturing into establishing retail outlets for petrol and diesel during its Diamond Jubilee year, investing ₹400 crore.
Hydrocarbons found in Brahmaputra’s North Bank, says Oil India CMD
Oil India Limited (OIL) has identified the presence of hydrocarbons in Kobochapori, located on the North Bank of Brahmaputra, and is assessing its commercial viability through further surveys and drilling. OIL is also analyzing seismic data from the entire North bank to explore additional drilling prospects.
Bihar slashes VAT on aviation turbine fuel to 4% to boost air connectivity
The Bihar Cabinet has approved a significant reduction in the value-added tax (VAT) on aviation turbine fuel (ATF), lowering it from 29% to 4%. This decision, aimed at attracting more commercial flights under the Regional Connectivity Scheme, is expected to reduce air ticket prices and boost tourism across all airports in the state.
Torrent Power inks lNG supply pact with BP Singapore
The LNG procured under this agreement will be strategically utilised by TPL, including to operate its 2,730 MW combined cycle gas-based power plants (GBPPs) in India to meet the country’s increasing power demand, support peak demand periods and balance the renewables.
PNG connection: Gas discoms to be fined for missing targets
City gas companies may face penalties. The PNGRB is concerned about the slow pace of household connections. Many firms missed their PNG connection targets. Some achieved as little as 2% of their goals. CNG infrastructure expanded rapidly. Companies focused on CNG due to higher profits. State-run firms performed better than private companies. The government aims to connect millions of homes.
TotalEnergies to sell more LNG from US to India
TotalEnergies aims to increase LNG exports to India, particularly from the US, and plans to resume its Mozambique venture to supply energy. Despite past investment suspensions, the company continues to support Adani Green’s renewable energy expansion. With significant investments in India’s gas and renewable sectors, TotalEnergies sees India as a crucial LNG market.
India should focus closely on mobility electrification: IEA executive director
IEA Executive Director Fatih Birol advises India to prioritize electric mobility to ensure its energy security and reduce reliance on oil imports. He suggests offering incentives for electric car purchases, noting their increasing affordability and cost-effectiveness compared to gasoline vehicles. Birol also cautions about the risks associated with the growing concentration of critical minerals essential for energy transition and defense.
PNGRB defends LNG terminal regulation, says it will help “well-coordinated” gas market development
The PNGRB has introduced new regulations for LNG terminals, requiring registration and review of feasibility reports to promote a transparent and demand-driven gas market.
Petrol sales climb 9 pc in May, diesel demand tepid
India’s petrol consumption surged by 8.77% in May, driven by increased summer travel, while diesel sales saw a modest 2% rise. Jet fuel consumption also increased by 4.3%, and LPG continued its strong growth with a 13.4% increase, boosted by Ujjwala connections. Overall fuel consumption has seen a compound annual growth rate of 37% since 2019.