Mitsubishi, the Japanese conglomerate, is poised to exit a power project located in West Bengal, prompting discussions with NTPC regarding the financial implications. The company has tabled an offer for penalties associated with their withdrawal from the incomplete project, while NTPC is advocating for a more substantial settlement. As dialogues continue, both parties are working…
India’s petrol pump network has surpassed 100,000 outlets, nearly doubling in the last decade. This expansion has improved fuel access in rural areas and intensified competition. While private players hold less than 10% of the market, concerns exist about the economic sustainability of such rapid growth.
A second Qatari LNG tanker, Mihzem, is transiting the Strait of Hormuz to Pakistan under an Iran-approved deal, following the Al Kharaitiyat’s passage. This arrangement, facilitated by Pakistan’s mediation role, allows Qatari cargoes to cross the waterway on a case-by-case basis amid conflict risks.
India faces energy security challenges due to global conflicts. ONGC Chairman Arun Kumar Singh advises caution on Middle East oil reliance. He stresses building strategic storages and increasing domestic production as vital. Diversifying energy sources and supply chains is also recommended. India has improved its LPG supply. Prioritizing piped natural gas for households is suggested.
Ship-tracking data and people familiar with the matter point to a dip that would come after imports fell in December to a three-year low. That was a third below their peak in June.
Indian Oil Corporation (IOC) Chairman Arvinder Singh Sahney said the newly inaugurated bulk petroleum storage facility in Ladakh, developed with the support of the Indian Army, will play a critical role in strengthening fuel security and logistics in high-altitude and forward areas.
The Power Ministry’s recent dialogue with the India Energy Stack taskforce marks a significant step towards innovation in India’s energy sector. During this meeting, key strategy and architectural documents were scrutinized, laying the groundwork for a cohesive, safe, and interoperable digital ecosystem.
India is set to invite bids for its first 220 MWe Bharat Small Modular Reactor (BSMR-200) within six months, a significant stride in boosting nuclear energy for its green transition. Foreign firms can participate with local partners. This pilot project, costing approximately Rs 30 crore per MW, aims to pave the way for future SMR…
Fuel prices in India could see a significant increase. State-run oil companies may have to raise petrol and diesel rates further if crude oil prices stay high. This is due to ongoing disruptions in the Strait of Hormuz. Even after a recent small hike, refiners face substantial under-recoveries. Further price revisions are likely unless oil…
China is unlocking a new energy frontier with coal rock gas extracted from deep within its coal basins. This ambitious multi-billion-dollar initiative is set to bolster domestic natural gas production while easing its dependence on foreign imports. With PetroChina predicting vast output by 2035, this strategy could position China as a fortress against global energy…