Beauty is what you buy

Honeywell and NTPC Green have partnered to explore sustainable aviation fuel (SAF) production in India, utilizing Honeywell’s eFining technology. The collaboration aims to convert CO2 from NTPC’s power plants and green hydrogen into SAF, supporting India’s decarbonization goals and the aviation sector’s carbon reduction targets. This initiative aligns with India’s energy security objectives and Honeywell’s commitment to sustainable energy solutions.

Adani Group refuted a Wall Street Journal report alleging links to Iranian LPG, calling the claims baseless and mischievous. The company stated it adheres to a strict policy of not handling cargo from Iran at its ports and is unaware of any US investigation.

Torrent Power has inked a deal with BP Singapore. It will buy LNG for ten years. The supply starts in 2027. The Ahmedabad based company will procure 0.41 million tonnes of LNG annually. Torrent Power will use the gas for its power plants. It will also support city gas distribution. The agreement boosts India’s energy security.

U.S. prosecutors are investigating whether companies linked to Indian billionaire Gautam Adani illegally imported Iranian liquefied petroleum gas (LPG) into India via the Mundra port, potentially violating U.S. sanctions. The U.S. Justice Department is reportedly reviewing the activity of these tankers, which supplied LPG to Adani Enterprises. Adani has denied any involvement in sanctions violations or trade with Iranian-origin LPG and stated it is unaware of any such investigation.

S&P Global Ratings anticipates ONGC’s earnings to remain stable in fiscal 2026, with refining and marketing gains offsetting upstream losses from lower oil prices. Improved margins at HPCL and rising gas prices will support profitability. The company is expected to generate sufficient free cash flow to strengthen its balance sheet, despite reduced capital spending and shareholder returns.

TotalEnergies’ Chairman Patrick Pouyanne highlighted India’s growing importance as the fourth-largest LNG market globally in 2024. The French energy giant has invested nearly USD 5 billion in India over the past five years, focusing on gas infrastructure and renewable energy projects. Encouraged by Union Commerce Minister Piyush Goyal, TotalEnergies plans further expansion in India.

The Indian Biogas Association (IBA) and Indian Oil Corporation Ltd (IOCL) have signed an MoU to develop the bioenergy and bio-hydrogen sector in India. This collaboration will establish a knowledge center, pool resources, and conduct training programs to boost the biofuels industry. Both entities will also collaborate on policy advocacy and R&D to promote biogas development across the nation.

In a relief to consumers, the government has lowered natural gas prices for the first time in two years. This benefits CNG and cooking gas production. The Oil Ministry’s PPAC announced the price cut for gas from legacy fields. Indraprastha Gas Ltd and other city gas retailers will benefit. The new price is USD 6.41 per mmBtu.

Good news for businesses. Oil marketing companies have reduced the price of 19 kg commercial LPG cylinders. The price cut is Rs 24. The new rate in Delhi is Rs 1,723.50. This follows an earlier reduction in April. The change affects restaurants and hotels. Domestic LPG prices remain the same. Companies revise prices monthly based on global factors.

Good news for consumers as domestic natural gas prices hit a two-year low. The price is now $6.41 per mmbtu for June. This benefits city gas companies and other users. Cooking and transportation costs may decrease. The government sets the price monthly based on crude oil prices. Lower crude prices also reduce the cost of new well gas.