EU fuels crude awakening for Nayara Energy, but Reliance feels the heat too

European Union sanctions against Nayara Energy and restrictions on Russian oil-derived fuels present significant challenges for Reliance Industries, potentially impacting their access to the European diesel market. Rosneft’s planned divestment of its stake in Nayara is further complicated. Both companies, key Indian fuel exporters, face reduced refining margins due to these constraints.

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Coal India plans syngas projects near gas-based power, DRI and fertiliser units as gas supply tightens

In a strategic move to bolster energy security, Coal India is gearing up to establish new coal-to-syngas facilities strategically positioned at mine pitheads or close to industrial users. This initiative comes in light of recent global gas supply challenges, prompting the company to actively seek partnerships with developers and industrial off-takers for these innovative projects.

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