LNG imports are expected to climb by 7% in 2025

India’s natural gas import bill increased by 17% to $8.9 billion in the first seven months of the current fiscal year, up from $7.6 billion in the same period a year ago, owing to increased consumption, particularly by city gas distribution companies and the power sector, according to data from the Petroleum Planning and Analysis

BPCL Russia oil intake share falls to 34% in Sept quarter

Indian refiner Bharat Petroleum Corp’s use of Russian oil fell to 34% of the total intake for crude processing in the July-September quarter due to a maintenance shutdown of units at its Bina and Kochi refineries, its finance head said. The state-run company, which can process about 706,000 barrels per day (bpd) at its three

India’s petroleum products import rises 15.5% in July

In July, India imported 4.4 million metric tonnes (MMT) of petroleum products, compared to 3.8 MMT in the same period last year, according to oil ministry data. India imported 4.4 MMT of petroleum products in July. India’s import of petroleum products climbed 15.5 percent in July from last year, primarily on account of an increase

India depends on Russia for 40% of crude oil imports  

India now depends on Russia for 40% of its crude oil imports, according to new analysis from shipping organisation BIMCO, something that has had a notable impact on the aframax and suezmax trades in particular. The increased import of Russian oil has contributed to a higher average sailing distance for crude oil tankers discharging in

HPCL explores LNG import deals

India’s Hindustan Petroleum Corp Ltd is scouting for liquefied natural gas (LNG) import deals as it expects to start its 5 million ton per year (tpy) LNG terminal in western India by end of this year. The company’s previous attempt to commission the Chhara LNG terminal in April failed due to the bad weather, he

Petronet expects 15% rise in India’s LNG imports

India’s largest LNG importer Petronet LNG expects a 15 rise in the country’s imports of liquefied natural gas during this financial year, according to Petronet LNG’s management. Petronet’s executives said during the company’s earnings call on May 23 that the company expects India’s LNG imports to rise to 27 millions tonnes in the fiscal year

Iraq reopens it’s refinery to cut imports

Iraq reopened on Friday what was once the country’s largest oil refinery, a step the government hopes will lead to an end to its dependence on fuel imports. The North Refinery in the city of Baiji, 200 kilometres (124 miles) north of Baghdad, was heavily damaged in some of the fiercest battles with the Islamic

Green hydrogen has potential to cut fossil fuel imports

Green hydrogen has the potential to replace fossil fuels including natural gas, either as a source of energy or as a feedstock, thereby contributing to reduction in dependence on import of fossil fuel With the 5 million metric tonnes (MMT) installed capacity under the National Green Hydrogen Mission, India can reduce imports of fossil fuel

Proposed 5% biogas blending can cut LNG imports

The biogas blending is proposed to be further increased to 5 per cent by fiscal year 2028-29. According to the study, this blending initiative gels well with the government’s macro-level move to make India a gas-based economy, with a target to increase the current share of gas in the energy mix from 6 per cent

India eyes Brazil’s ethanol technology to lower oil imports

India has been accelerating efforts to achieve 20 percent ethanol blending with petrol by 2025 in a bid to reduce reliance on crude oil imports. India is looking to benefit by taking a leaf out of the techniques used by the Latin American nation for ethanol blending. India aims to reduce its dependence on crude