Iran war forces city gas firms to redraw strategies amid gas supply squeeze, shift focus to PNG expansion

City gas companies are shifting focus to domestic gas and accelerating pipeline construction due to supply disruptions from the Iran war. Tight LPG supply has led to a surge in piped natural gas connections. Companies are hiring more workers and investing heavily in infrastructure. Government support is also increasing, speeding up project approvals and execution…

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Work underway on 10 new nuclear reactors: PM Modi

Prime Minister Modi announced India’s commitment to energy independence through nuclear power reforms, opening the sector to private investment. With work underway on 10 new nuclear reactors, India aims to increase nuclear power generation capacity tenfold by 2047. The nation has already achieved its goal of sourcing 50% of its energy from clean sources ahead…

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Russian Oil exports drop sharply in November as sanctions concerns weigh on buyers: IEA

Russian oil exports significantly declined in November due to buyer caution over stricter US sanctions, leading to a substantial drop in Moscow’s oil revenue. This fall, coupled with lower Urals crude prices, marked the lowest export revenues since the Ukraine conflict began. Global oil supply also decreased, with OPEC+ contributing significantly to the decline.

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Gas leak at ONGC well in Andhra’s Konaseema triggers fire; no casualties

A gas pipeline at ONGC’s Mori-5 well in Andhra Pradesh’s Dr B R Ambedkar Konaseema district caught fire on Monday following a leakage. Operated by Deep Industries Ltd, the well experienced the blaze during production enhancement operations. Fortunately, no casualties were reported. Senior ONGC officials and district administration are on-site to assess the situation and…

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I Squared to pump $1 billion into power grid assets

US firm I Squared Capital is investing one billion dollars in India’s power transmission sector. A new entity, Cube Grid, will build essential grid infrastructure. This move taps into a multi-decade opportunity driven by India’s growing energy needs. The company sees stable, long-term returns from transmission projects. This investment will support India’s economic growth and…

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