Category:

Indian lawmaker group calls for boosting renewable electricity

India has 7.5 million households without access to electricity, a new report by a group of Indian lawmakers says. The report, submitted Monday to Indian Prime Minister Manmohan Singh by the lawmakers, known as the Climate Parliament Group of MPs, notes that per capita electricity consumption in the country’s rural households was 8 units per month compared to 24 units in urban households. "The reason for such low level of consumption is not low demand, but poor access to energy. In spite of a number of programs and schemes for rural electrification, India has one of the lowest levels of access to modern energy," Press Trust of India quotes the report, "RE-Energising India: Policy, Regulatory and Financial Initiatives to Augment Renewable Energy Deployment in India," as saying. Noting the Indian government in 2001-02 had pledged to provide "electricity for all by 2012," a […]

Posted On : Published By : Tom Whipple
Category:

India to review oil and gas estimates

The Indian government announced plans to review more than a dozen basins across the country to update its estimated oil and natural gas potential. M. Veerappa Moily, India’s energy minister, set up a multilateral team to reassess the nation’s reserve potential. The Hindu, an Indian newspaper, reported the team will spend the next 30 months evaluating the reserve potential in 26 basins across India. The survey covers an estimated 1.2 million square miles of Indian territory. The newspaper reported Monday the last such exercise was carried out 20 years ago for 15 reserve areas. The Indian government is looking to secure more oil and gas reserves to help support its expanding economy. In early January, state-owned Oil and Natural Gas Corp. Ltd. said it expects to produce as much as 353 million cubic feet of natural gas from offshore reserves by 2018. The […]

Posted On : Published By : Tom Whipple
Category:

Iran looking at exporting natural gas to India via deep sea

Sunanda Pushkar Tharoor was found dead in a Delhi hotel on Friday night. Follow us for the latest updates on the case. The Congress vice-president must rethink his speeches. He needs to bring these down to the level of the common man if he wants to make any impact. In 1947, one of the wealthiest businessmen in Calcutta, Adinath Sen, welcomed a young bride into his home. Given how rich and well-respected Sen was, to be his daughter in-law must have been something of a coup, even though there was gossip about how Sen junior was a party boy inclined to both alcohol and […] Its net revenue stood at Rs 1.03 lakh crore vs estimate Of Rs 1.04 lakh crore. The company’s earnings before interest, tax, depreciation and amortisation stood at Rs 7,622 crore, higher than the estimate of Rs 7,420 crore. Without […]

Posted On : Published By : Tom Whipple
Category:

Pakistani official says Iranian gas line slowed by funding issues

Slow development of a gas pipeline from Iran to Pakistan is caused by funding issues, not pressure from the United States, a Pakistani official said. "The gas pipeline is a bilateral issue between Pakistan and Iran," Foreign Ministry spokeswoman Tasnim Aslam said during a Thursday news briefing. Pakistan says a pipeline from Iran could help offset an energy shortage brought on by aging infrastructure and a crumbling energy sector. Envisioned more than a decade ago as a pipeline that could reach to India, the project has come up against pressure from Western powers concerned about its benefits to Iran. Aslam said the development was plagued more by the lack of funding than by pressure from any foreign government. "The progress on pipeline has been slow because of the funding issues and not because of the United States," she said. Pakistan could get 21 million […]

Posted On : Published By : Tom Whipple
Category:

Pakistan’s Oil & Gas to Boost Supply as Deficit Hurts Growth

; Gas Development Co., Pakistan ’s biggest energy explorer, will boost gas output from existing fields by a third in the next 12 to 18 months as energy shortages hamper growth and shut factories. “We are working on six projects and expect to increase gas supplies by about 350 million cubic feet a day,” Chief Executive Officer Muhammad Riaz Khan said in an interview yesterday. “The major portion of gas would come in this financial year” which ends June 30, he said. New supply is needed to ease gas shortages that widened to about 2 billion cubic feet a day during peak hours this winter causing social unrest and shutting factories in the nation of over 196 million people. Pakistan’s production of natural gas has plateaued since 2008, the country’s central bank said in a report yesterday. Gas from existing reservoirs of Kunnar Pasakhi Deep, […]

Posted On : Published By : Tom Whipple
Category:

Pakistan’s Oil & Gas to Boost Supply as Deficit Hurts Growth

; Gas Development Co., Pakistan ’s biggest energy explorer, will boost gas output from existing fields by a third in the next 12 to 18 months as energy shortages hamper growth and shut factories. “We are working on six projects and expect to increase gas supplies by about 350 million cubic feet a day,” Chief Executive Officer Muhammad Riaz Khan said in an interview yesterday. “The major portion of gas would come in this financial year” which ends June 30, he said. New supply is needed to ease gas shortages that widened to about 2 billion cubic feet a day during peak hours this winter causing social unrest and shutting factories in the nation of over 196 million people. Pakistan’s production of natural gas has plateaued since 2008, the country’s central bank said in a report yesterday. Gas from existing reservoirs of Kunnar Pasakhi Deep, […]

Posted On : Published By : Tom Whipple
Category:

India to cut Iran crude imports to 9-9.5 mil mt in 2014-15

India will lower its crude oil imports from Iran by 15% to 9 million-9.5 million mt in fiscal year 2014-2015 (April-March), from an estimated 11 million mt in fiscal 2013-2014, a senior petroleum ministry official said Tuesday. Essar Oil and Mangalore Refinery and Petrochemicals Ltd. — two of the largest importers of Iranian crude in the country — are expected to end the current fiscal year with imports of 4 million-4.5 million mt each, and Indian Oil Corp. will import around 1 million mt, R.K Singh, joint secretary for refineries at the petroleum ministry, said on the sidelines of the Petrotech 2014 conference near New Delhi. This is down from 13.3 million mt in fiscal year 2012-2013. The cut is in line with the 15% annual reduction countries have to show to be eligible for US waivers from sanctions against Iran, he said. […]

Posted On : Published By : Tom Whipple
Category:

India reviews diesel deregulation for bulk consumers: official

India is reviewing its policy of deregulating diesel prices for bulk consumers introduced in January 2013 after bulk sales have dropped as those consumers shifted to the retail sector, a senior oil ministry official said Thursday. "Bulk diesel sales have dropped dramatically and [as a result] subsidies have increased," Petroleum Secretary Vivek Rae said. Rae was speaking on the sidelines of a Petrotech 2014 pre-conference session in New Delhi. India in January 2013 allowed oil companies to raise diesel prices each month by Rupees 0.50/liter in the retail sector but announced deregulated prices for bulk consumers. Bulk consumers include state-run bus transport corporations, the Indian Railways, and small and medium-size enterprises that use gasoil to run their facilities. They buy gasoil directly from refineries. The Petroleum Planning and Analysis Cell, which is a part of the oil ministry, in a November report on […]

Posted On : Published By : Tom Whipple
Category:

India's Dec coal imports fall 4% on month to 12.2 mil mt: Interocean

India’s coal imports via major ports across the country dropped 4% month on month in December, to around 12.2 million mt, data released late Tuesday by Indian ship broker Interocean showed. In November, imports totaled 12.7 million mt. Of the total imports in December, 2.6 million mt was coking coal, up 53% from 1.7 million mt in the previous month, while steam coal comprised 9.6 million mt, down 13% from 11 million mt in November, the data showed. Mundra port on India’s west coast received the largest quantity of coal shipments in December, at 2 million mt, down 17% from 2.4 million mt in November. Article continues below… Request a free trial of: Coal Trader International International Coal Report Platts Coal Trader International is the only daily publication where you can access Platts proprietary price assessments for coal trading in the Atlantic and […]

Posted On : Published By : Tom Whipple
Category:

India’s Dec coal imports fall 4% on month to 12.2 mil mt: Interocean

India’s coal imports via major ports across the country dropped 4% month on month in December, to around 12.2 million mt, data released late Tuesday by Indian ship broker Interocean showed. In November, imports totaled 12.7 million mt. Of the total imports in December, 2.6 million mt was coking coal, up 53% from 1.7 million mt in the previous month, while steam coal comprised 9.6 million mt, down 13% from 11 million mt in November, the data showed. Mundra port on India’s west coast received the largest quantity of coal shipments in December, at 2 million mt, down 17% from 2.4 million mt in November. Article continues below… Request a free trial of: Coal Trader International International Coal Report Platts Coal Trader International is the only daily publication where you can access Platts proprietary price assessments for coal trading in the Atlantic and […]

Posted On : Published By : Tom Whipple