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The global gas prices are momentarily seeing an upward trend primarily influenced by the spiralling crude prices. The rise in global crude prices has been triggered by mounting worries over a supply deficit, following recent output cuts by Saudi Arabia and Russia, which have been extended until the end of this year. However, if compared to last year, gas prices have come down in 2023 and have mostly shown a bearish trend influenced by factors such as weather forecast changes, high European gas inventories (Europe’s gas storage sites are currently operating at over 93% capacity) and weak European demand (thanks to high temperatures across the continent). Compare this vis-a-vis the last year’s situation when global supply chain uncertainties due to the Russia-Ukraine war and export hindrances from the top producer, the US, resulted in unusual price fluctuations in the commodity. Russia used its natural gas exports as an economic weapon against Western European countries, which forged worries over acute fuel shortage, sending prices to record highs in 2022.

NEWS & UPDATES

Egypt expected to resume LNG exports in December or January – ENI exec
CMA CGM orders a brace of LNG-powered RoPax ferries for La Méridionale
ONGC plans to invest Rs 1 lakh crore to set up 2 petrochemical plants
GAIL Completes World’s Inaugural Ship-To-Ship LNG Transfer
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BP, Edison, Shell ask US, EU to intervene in Venture Global LNG dispute
GAIL does world’s first ship-to-ship LNG transfer, cuts CO2 emissions
GAIL wins “the Innovation Award – India” and “Midstream Project of the Year Awards – India” at the Asian Oil and Gas Awards
GAIL and BPCL sign agreement for supply of Propane for GAIL’s Petrochemical Plant at Usar
ONGC to acquire PTC’s wind power unit
GAIL India share price Today Live Updates : GAIL India stock plummets on market downturn
Samsung Heavy develops high-speed welding robot for LNG carriers
With growing energy demand, ‘pipes and wires’ is the best pathway to net zero in Ontario
SCZONE delegation discusses green hydrogen bunker fuel projects with Shell officials
Think gas opens 100th CNG station in Bhopal
GTT’s smart shipping unit wins contract for GasLog’s entire LNG fleet
Commodities news is dominated by strengthening oil and volatile gas prices
Prices should keep coming down to help us provide more affordable PNG and CNG to customers: Adani Total Gas CEO
Maharashtra: MSRTC embarks on green plan, 5,000 buses to run on LNG
AET Delivers LNG Dual-Fuel VLCC to Shell

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The different categories of Membership available in Natural Gas Society (NGS) along with the present rate of Admission Fee and Annual Subscription for the same are mentioned against each. READ MORE

Our Members

GAIL India Limited
Mahanagar Gas Limited
Indraprastha Gas Limited
Petronet LNG Limited
Maharashtra Natural Gas Ltd
Central UP Gas Ltd
Adani Gas Limited

Our Office

129, PARC Building, GAIL Training Institute Plot No. 24, Sector - 16A, Noida 201301 ,Tel: 0120 - 2488529 Uttar Pradesh Tel: 0120 - 4222849, 4222912 Email: ngs@ngsindia.org Website:ngsindia.org

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