Addressing the state-owned company’s annual general meeting, chairman and managing director Sanjay Khanna said the project, jointly owned by three Indian public sector undertakings (PSUs) with a combined 30% stake, will enhance BPCL’s upstream presence.

“While security concerns had delayed the project, conditions have improved now, and full-scale development is expected to resume soon,” Khanna said. “Once operational, the two-train LNG project will boost our upstream presence and support the energy transition. We have already secured LNG marketing rights in line with our 10% participating interest.”

The chairman described the Mozambique project as “a world-class gas asset with nearly 70 trillion cubic feet of recoverable resources”.

ONGC Videsh Ltd holds 16%, BPRL Ventures Mozambique BV—a subsidiary of BPCL—holds 10% and Oil India Ltd owns 4%.Total E&P Mozambique Area 1 Limitada, a subsidiary of TotalEnergies, holds 26.5% in the plant and is its operator.

Operations at the Offshore Area 1 project in the coastal town of Palma had been suspended in April 2021, following attacks by Islamic state terrorists.

The chairman said BPCL’s upstream portfolio in Brazil was also advancing, with BM-SEAL-11 moving into the tendering stage for the Floating Production Storage & Offloading (FPSO) vessel and other long-lead items.

“This is a major step toward developing this strategic asset. At our Nunukan asset in Indonesia, the Plan of Development (POD) has received regulatory approval, paving the way for the project’s development,” he added.

BPCL entered the upstream sector in 2003 with an aim to provide partial supply security of crude and hedging of price risks and to become a vertically integrated oil company. Its subsidiary BPRL was incorporated in 2006 to carry out exploration and production activities.

BPRL holds participating interest (PI) in 15 blocks, with eight blocks located in India and seven overseas. BPRL has equity stakes in two Russian entities, which hold licenses for four producing blocks in Russia. While BPRL directly holds participating interest in domestic blocks, its stakes with respect to blocks in Brazil, Mozambique, Indonesia, the United Arab Emirates and equity stakes in Russian entities are held through step-down wholly-owned subsidiaries or joint ventures of the wholly-owned subsidiaries in the Netherlands and Singapore.

Addressing shareholders, the chairman said fiscal year 2025 (FY25) was marked by heightened volatility and uncertainty, driven by ongoing geopolitical conflicts, rising protectionism and shifting trade policies, including the imposition of tariffs by major economies.

 “These disruptions have tested the resilience of global markets and challenged conventional growth trajectories. Yet, amidst these headwinds, there are signs of cautious optimism,” he said. “Global growth projections for 2025 have been revised upward—from 2.8% to 3.0%—reflecting stronger-than-expected performance in large economies, a rebound in services trade, and sustained fiscal support in select regions.”

Khanna said the global oil sector is undergoing a fundamental shift and structural changes are redefining both demand and supply dynamics, as the world transitions toward cleaner energy and diversified fuel sources.

“By 2030, global oil demand is expected to grow by 2.5 million barrels per day, before plateauing at approximately 105.5 million barrels by the end of the decade,” he said. “On the supply side, the unwinding of the oil production cut is resetting oil supply trajectories over the 2024-30 forecast period. Globally, as the transport and power generation sectors continue to diversify towards alternate fuels, the petrochemical industry is set to become the dominant source of global oil demand growth,” Khanna said.

On BPCL’s diversification efforts, he said the company’s ‘Project Aspire’ would strengthen its core businesses in refining, marketing and upstream operations with sharper execution, while advancing into petrochemicals, renewables, green hydrogen, biofuels, and gas.BPCL has planned a total capital expenditure of ₹1.70 trillion under ‘Project Aspire’.

He also said that the recent amendment to theOilfields (Regulation and Development) Act wouldhelp BPCL unlock new acreages and improve recovery from its existing fields. This would create opportunities for the company to pursue selective, high-potential investments in India’s sedimentary basins through BPRL.

https://www.livemint.com/companies/mozambique-lng-bpcl-marketing-rights-upstream-energy-11756121374700.html

show less

Driving sustainable logistics

The new fleet marks a milestone in Epsilon’s low-carbon transition. The company had already launched electric trucks in 2023 and LNG containers in July for carbon black logistics. Together, these initiatives significantly reduce Scope 3 emissions while improving fuel efficiency and lowering operating costs.

With LNG and electric vehicles integrated into its supply chain, Epsilon is building a diversified logistics model that sets new sustainability standards in the Indian carbon industry.

Vikram Handa, Managing Director, Epsilon Carbon, said, “Road logistics is central to India’s economy, and as one of the largest players in our sector, we recognise the responsibility to make it cleaner and more efficient. At Epsilon Carbon, sustainability is the core of how we operate and grow. The introduction of our LNG-powered tankers is a transformative step in advancing raw material logistics, reducing emissions, and driving long-term value for our stakeholders. With this initiative, we are not just keeping pace with environmental expectations but are setting new standards for sustainable freight movement and contributing meaningfully to India’s Net Zero 2070 journey.”

Cleaner, smarter freight movement

Compared to diesel trucks, LNG-powered vehicles cut CO₂ emissions by 20–25 per cent, reduce nitrogen oxides by up to 90 per cent, and almost eliminate particulate matter emissions. They also deliver 5–10 per cent better fuel efficiency. Each tanker has a range of 730 km, making it ideal for Coal Tar transport. Epsilon plans to expand this fleet gradually, strengthening its commitment to decarbonising logistics at scale.

https://www.manufacturingtodayindia.com/epsilon-carbon

show less

Amid strains between Washington and New Delhi over Russian oil exports, First Deputy Prime Minister Denis Manturov said on Wednesday that Russia sees potential to export liquefied natural gas (LNG) to India, according to news agency RIA.

He also said, according to RIA news agency, that Russia was counting on expanding nuclear energy cooperation with India.

His comments came after U.S. Donald Trump imposed extra 25% tariffs on India this month because of its purchases of Russian oil, in a move the Kremlin called illegal.

Earlier during the day, Russian embassy officials in New Delhi said that Russia expects to continue supplying oil to India despite warnings from the United States, adding that Moscow hopes trilateral talks will soon take place with India and China.

“I want to highlight that despite the political situation, we can predict that the same level of oil import (by India),” Roman Babushkin, the charge d’affaires at the Russian embassy in India, told a press briefing.

https://m.economictimes.com/industry/energy/oil-gas/russia-sees-potential-in-exporting-lng-to-india-says-first-deputy-pm-denis-manturov/amp_articleshow/123413240.cms

show less

New Delhi: External affairs minister S Jaishankar and Russia’s first deputy prime minister Denis Manturov on Wednesday co-chaired the 26th session of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC) with the aim of boosting trade, investment, and energy partnership including LNG exports by Russia and the rupee-rouble mechanism.

The issue of US tariffs and its fallout on India, and global trade dynamics are also understood to have been discussed. Talks are ongoing for expansion of the Rupee-Ruble mechanism.

India and Russia also decided for early conclusion of the India-Eurasian Economic Union FTA.

In his opening remarks at IRIGC-TEC Jaishankar called for addressing trade imbalance urgently and put forward four-point suggestions to bring in fresh ideas and expand economic cooperation. He suggested that Working Groups and Sub Groups under IRIGC-TEC could perhaps take a more creative and innovative approach towards their respective agendas including creating more joint ventures.

The two sides should continuously diversify and expand trade and investment agenda through mutual consultation, Jaishankar said, adding, . that Each Working Group and each Sub Group could apply itself to setting of targets and see what we could achieve by the next session of the IRIGC-TEC. EAM suggested at least two inter-sessional meetings between the IRIGC Sessions.

Russia sees potential to export liquefied natural gas (LNG) to India, news agency RIA quoted Manturov as saying. He also said, according to RIA, that Moscow was counting on expanding nuclear energy cooperation with New Delhi. Rosatom so far remains the only foreign partner to build a nuclear power plant in India, and it is currently engaged in setting up small modular reactors.

On Thursday, Jaishankar will meet his Russian counterpart Sergey Lavrov. Ahead of the meeting, Russia’s foreign ministry said the meeting’s agenda will focus on facilitating the emergence of transport, logistics, banking and financial links and chains “that would be immune to any adverse pressures from unfriendly countries, while also increasing the use of national currencies in their mutual settlements”.

Expanding cooperation in transport, energy, agriculture, science and technology will also be on the meeting’s agenda, according to the Russian foreign ministry.

The two foreign ministers will also coordinate their positions on the latest international developments, paying special attention to interactions within the United Nations, BRICS, the SCO, and the Group of Twenty. This will be Jaishankar’s third meeting with Lavrov since June.

Looking to expand bilateral industrial cooperation, the two sides are also exploring joint projects in strategic sectors, including civil aircraft manufacturing, metallurgy, and the chemical industry.

India and Russia are also exploring collaboration for a modernised wind tunnel facility, production of small aircraft piston engines, and joint development in carbon fibre technology, additive manufacturing, and 3D printing, rare earth and critical minerals extraction, underground coal gasification, and creation of modern industrial infrastructure.

The two sides are also engaged in enhanced engagement in aluminium, fertilisers, and railway transport, alongside capacity building and technology transfer in mining sector equipment, exploration, and industrial and domestic waste management.

https://economictimes.indiatimes.com/industry/energy/oil-gas/eam-s-jaishankar-russian-dy-pm-denis-manturov-push-lng-trade-links/articleshow/123418032.cms?from=mdr

show less

State-run ONGC Videsh, the overseas operations arm of Oil and Natural Gas Corp, is looking to invest in the LNG and upstream assets in the US, the company’s managing director Rajarshi Gupta said on Tuesday. He added that the company is scouting for more greenfield and brownfield assets in several other geographies, including Latin America, Africa and the Middle East.

OVL Expands Global Energy Hunt

“We are looking at the US also for other LNG and upstream connections where we can look to invest plus other countries which are coming into the market as more and more LNG players come to deliver in the market,” Gupta said at the third energy summit of the Indo-American Chamber of Commerce.

“We are looking for the right assets in the US. We have three projects in Russia but we are also looking at other geographies,” he said, while naming Latin America, and Africa, which he said “has huge potential” being rich in minerals.

 “We are looking at all options. As the government said, we will source our energy for our citizens where it is feasible, practical, and at the right price…,” Gupta said.

The statement comes at a time when India is facing 50% tariffs from the US on its purchases of Russian oil. The country is also focusing on enhancing its exploration and production of natural gas and oil, domestically and internationally, amid rising geopolitical uncertainties.

The company is also expecting the force majeure on its offshore LNG project in Mozambique to be removed shortly.

Mozambique LNG Project Nears Restart

ONGC Videsh holds a 10% stake in the “Offshore Area 1 LNG” project with a cost of $20 billion. The project has been under force majeure since April 2021 following attacks by Islamic State terrorists in Northern Mozambique’s Cabo Delgado province. However, the company expects the force majeure to be removed soon and start gas production from the project in the next three years.

On the domestic production front, Gupta said, “We are drilling now in Andaman and eastern offshore and the petroleum system has been established. So the next big discoveries could be there.”

Apart from enhancing its portfolio, OVL’s parent company ONGC is planning to establish a new unit for trading crude oil, refined products and natural gas for its group companies.

 “We have created a commodity trading group at ONGC exclusively for trading. We do see in the near future trading will be required for India. ONGC Group has 100 million tonnes of buying and selling of oil and gas,” Gupta said.

https://www.financialexpress.com/business/industry-ongc-videsh-eyeing-lng-upstream-assets-in-us-3958305/

show less

Motilal Oswal on Petronet LNG: Tide is turning, slowly

Petronet LNG’s market share in India’s LNG imports, which fell to 69% in FY25 from 78% in FY15, is expected to improve once the new Dahej capacity becomes operational.

Motilal Oswal on Petronet LNG: Increase in natural gas consumption to benefit

The brokerage house assumed a modest 4.5% CAGR in India’s natural gas consumption over FY25-30 and a 2% CAGR in domestic natural gas production. “India’s LNG imports need to grow at a robust 6% CAGR (32 mmscmd increase in LNG imports over FY25-30), and this should benefit Petronet LNG’s new expanded capacity,” said Motilal Oswal. The brokerage’s current assumptions imply that Petronet LNG secures only a 41% share of incremental import growth (69% of total imports in FY25).

Motilal Oswal on Petronet LNG: Timely expansion for strong leadership in LNG regasification

Infra moat and cost advantage to help Petronet LNG sustain its dominance, said Motilal Oswal. With the upcoming 5 mmtpa Dahej expansion, which is likely to be commissioned by December 2025, the company is strategically positioned to capture the next leg of India’s LNG import growth.

“Despite new capacity additions like HPCL’s Chhara terminal and expansions such as Dabhol’s 5 mmtpa project, we believe Petronet LNG is well-positioned to strengthen its market share,” said the brokerage house.

Motilal Oswal on Petronet LNG: India’s LNG imports to more than double

According to the Petroleum and Natural Gas Regulatory Board, India’s LNG imports are expected to more than double by CY30, supported by strong demand growth and only modest increases in domestic gas production. The International Energy Agency also projects only a 0.6% CAGR in domestic natural gas production, leading to a 10.5% CAGR in LNG demand, reaching 178 mmscmd.

However, while brownfield expansion from existing terminals is a risk, the brokerage expects this is unlikely to play out given the lacklustre utilisation at existing facilities.

https://www.financialexpress.com/market/motilal-oswal-bets-on-petronet-lng-sees-over-50-upside-3958892/

.economictimes.indiatimes.com/news/oil-and-gas/india-secures-long-term-lng-supply-from-uae-in-green-energy-initiative/123184276

show less

The project, jointly developed by Torrent Group entities Torrent Power and Torrent Gas, will have an annual production capacity of 72,000 tonnes per annum, the group said in a statement.

“The Green Hydrogen produced at the plant will be blended with natural gas in Torrent Gas’ City Gas Distribution infrastructure in Gorakhpur, maintaining its concentration up to 2 per cent,” it said.

The green hydrogen blended with natural gas will be further supplied to domestic households, CNG stations and industries in the region through the already laid network of natural gas pipelines.

“Torrent’s green hydrogen plant in Gorakhpur is the first Green Hydrogen plant in Uttar Pradesh and is also the largest Green Hydrogen and Natural Gas blending project in the City Gas Distribution sector in the country,” the statement said.

Torrent Gas has licence to provide Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Gorakhpur, Sant Kabirnagar and Kushinagar districts.

Torrent has already set up 32 CNG stations and supplies gas to 12,000+ domestic households and 73 industries and commercial establishments in the region and intends to grow its gas distribution infrastructure in the region significantly.

Green hydrogen is hydrogen produced via electrolysis of water using renewable energy sources like solar, wind or hydropower.

Unlike hydrogen made from fossil fuels, green hydrogen has no direct carbon emissions, making it a cleaner energy carrier.

Blending it with natural gas reduces carbon footprint, utilises the already laid natural gas infrastructure and helps to ramp up early demand for hydrogen.

Speaking on the occasion, Adityanath said Uttar Pradesh has a target of 1 million tonnes per annum of green hydrogen production, for which it has set up a specific policy that will support potential investments.

With the inauguration of this plant, green hydrogen has become a part of the life of common people as it will directly reach their kitchens and vehicles. the statement quoted him as saying.

He also mentioned that availability of PNG has brought great relief to the people of Gorakhpur, especially the housewives due to the convenience, safety and savings it offers. Increasing use of CNG as transportation fuel has helped battle pollution and save costs for the masses.

Various industries and commercial establishments in Gorakhpur are also now using piped natural gas and reaping the benefits of cheaper and economical fuel.

Jinal Mehta, Director, Torrent Group, said, “Torrent Group is committed to making a significant contribution in Prime Minister Narendra Modi’s vision for India’s Energy Transition and National Green Hydrogen Mission. The commissioning of Torrent Power’s Green Hydrogen plant in Gorakhpur and its integration into Torrent Gas’ City Gas Distribution infrastructure in Gorakhpur, is a milestone in this endeavour. It marks the culmination of the first initiative in our long-term vision of setting up large scale green hydrogen plants in the country for various use cases including for blending with natural gas in the CGD network.”

Blending Green Hydrogen into Gorakhpur’s gas grid is a step in achieving practical, scalable pathway to net-zero target of the country. It lowers emissions, builds demand for green molecules, and creates a platform for deeper de-carbonisation in transport and industry, he said.

https://www.business-standard.com/companies/news/cm-adityanath-inaugurates-torrent-group-s-green-hydrogen-plant-in-up-125081700653_1.html

show less

Once it launch, India will become the fifth country after Germany, France, Sweden, and China to adopt this green technology. The first hydrogen-powered train service will be operational on the line that runs between Jind and Sonipat in Haryana. According to Indian Railways, the new train would be the world’s most powerful and longest hydrogen-powered train, with the potential to transport 2,600 passengers. ‘

In a groundbreaking step towards sustainable transportation, the Ministry of Railways had allocated Rs 2,800 crore in 2023-24 to develop a fleet of 35 hydrogen fuel cell-based trains as part of India’s broader vision for clean energy transportation. Notably, this will mark India’s first zero-carbon emissions target by 2070 in the country. (Also Read: Noida To Delhi Airport In Just 20 Minutes! Dwarka Expressway, UER-II Open For Commuters; Check Key Cities Connected Across NCR)

India’s First-Powered Hydrogen Train: Route, Speed And Passenger Capacity

The hydrogen-powered train will operate on the 89-kilometer Jind–Sonipat route, reaching a top speed of 110 km/h, making it ideal for efficient short-distance travel. With a seating capacity of 2,638 passengers, it promises to serve a large number of commuters while promoting eco-friendly transportation. It is powered by a 1,200 HP engine, the train combines high performance with sustainability.

https://zeenews.india.com/mobility/world-s-most-powerful-hydrogen-powered-train-india-to-become-fifth-country-after-these-countries-to-adopt-green-technology-check-speed-route-and-passenger-capacity-2947384.html

show less

While the government says ethanol blending achieves a range of goals such as cutting greenhouse gas emissions, bolstering farmers’ incomes and reducing India’s oil import bill, its benefits to the environment require closer scrutiny.

How are vehicle owners reacting to this change?

Vehicles sold in India from 2023 come with E20 stickers, indicating compatibility with 20% ethanol blended petrol. Additionally, manufacturers have addressed the concerns of those who own older vehicles. Hero Motocrop says in its website, “The material composition such as rubbers, elastomers and plastic components that are directly exposed to fuel also need to be changed to E20 compatible materials.”

However, according to LocalCircles, two in three petrol vehicle owners are against the E20 mandate. Only 12% of the 36,000 people surveyed across 315 districts are in favour of the switch. Critics cited a drop in mileage and increased maintenance costs. The survey urged the Union government to allow consumers to choose the type of fuel they want.

While the Centre admitted to a “marginal drop” in engine efficiency, it said this “can be further minimised through improved engine tuning and use of E20-compatible materials.” Minister Hardeep Singh Puri has called the consumer angst a “vilification campaign” facilitated by “vested, economic interests”. While the Union government attempts to defend its E20 policy, its own think tank, the NITI Aayog, has urged the government “to compensate the consumers for a drop in efficiency from ethanol blended fuels”, by way of “tax incentives on E10 and E20 fuel”.

According to the Minister, “since 2014-15 India has already saved more than ₹1.40 lakh crore in foreign exchange through petrol substitution.” But has the benefit been passed to the end consumer?

An analysis by The Hindu showed that Coal India Ltd, Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Gas Authority of India Ltd collectively contributed ₹1.27 lakh crore, or 42.3% of the total ₹3 lakh crore dividends the Union government received from non-banking Public Sector Undertaking (PSUs) between 2020-21 and 2024-25. IOC and BPCL together saw a 255% rise in their dividend payouts since 2022-23 and a 65% decrease in oil prices. However, the two PSUs only passed on a 2% decrease in petrol prices to the public.

What about the impact on agriculture?

Sugarcane-based ethanol supply has grown from 40 crore litres in FY14 to nearly 670 crore litres, derived from about 9% of total sugar output, in FY24. The Union government says it has paid “over ₹1.20 lakh crore to farmers” since FY15. But how environmentally friendly is India’s dependence on sugarcane for ethanol?

About 60-70 tonnes of water is required to cultivate one tonne of sugarcane. Many sugarcane growing regions in India do not receive the 1,500 to 3,000 millimetre rainfall that is necessary for the crop’s optimal growth. This leads to groundwater extraction and unsustainable irrigation methods. A 2023 Central Groundwater Board report says that sugarcane growing districts in Maharashtra extract more groundwater than nearby regions. Distress among sugarcane growers in that State has been widely reported. Unsustainable agriculture practices accelerate land degradation. The Desertification and Land Degradation Atlas of India 2021 found that almost 30% of India’s land is degraded. The water intensive nature of sugarcane and the impact on ground water reserves at a time of extreme weather has been absent from the discussion on ethanol-blended petrol.

The Centre, however, says it is looking to diversify ethanol supplies. The Food Corporation of India’s rice allocation for ethanol jumped to a record 5.2 million metric tonnes, which is about 3.6% of output, from less than 3,000 tonnes allocated last year. Similarly, in 2024-25, over 34% of corn output was diverted for ethanol production. This diversion forced India to import about 9.7 lakh tonnes of corn during 2024-25 — a six-fold increase over the previous year’s 1.37 lakh tonnes.

Despite diversification efforts, area under sugarcane cultivation this year is estimated to be 57.24 lakh hectare against 57.11 lakh hectare last season. The assured payment mechanism for sugarcane, the Fair and Remunerative Pricing, is the key reason farmers bet on the crop as a source of stable income. While this rise is marginal, an analysis by the OECD-FAO says that 22% of India’s sugarcane will be used for ethanol production by 2034.

India’s booming ethanol economy has also come under the gaze of the U.S. The Trump administration is pushing India to relax restrictions to its ethanol imports. The 2025 National Trade Estimate report noted India’s policy as a significant “trade barrier.” Import relaxation could potentially undermine years of investment and capacity building in ethanol production. The Indian Sugar Mills Association has urged the government to maintain the restrictions.

Will it affect the transition to EVs?

The Ministry of Petroleum and Natural Gas said the shift to ethanol-blended petrol “has helped India reduce carbon dioxide emissions by 700 lakh tonnes.” Shifting to EVs, however, will achieve far higher rates of emissions reductions and speed up transport’s decarbonisation, which is the third largest carbon emitting sector globally after energy and industry. The success of cities like Beijing in cutting air pollution is mainly due to the rapid adoption of EVs. Of course, this switch has to be backed by renewable energy rather than coal, to aid in decarbonising transport.

Adoption of EVs has been much slower in India when compared to other large economies like the U.S., the European Union and China. About 7.6% of vehicle sales in 2024 was electric. Sales of EVs have to increase by over 22% in the next five years to reach the government’s own target of 30% by 2030.

Another challenge to wider EV adoption in India is its dependence on Rare Earth Elements (REE). According to the Ministry of Mines, before China’s export curbs were imposed, only 2,270 tonnes of REEs and compounds of REEs were imported in 2023-24. But this relatively lower level is critical for the industry to sustain the current level of EV production. The production and processing of many REEs is geographically concentrated in China, making global supply vulnerable to several risks.

The automotive industry has also sounded alarm bells about the disruption in rare earth supply. India’s largest carmaker Maruti Suzuki reduced its near-term production targets for its new EV, e-Vitara, attributing it to delays in receiving rare earth magnets. Other manufacturers too are bracing themselves for disruptions.

Crisil Ratings Senior Director Anuj Sethi has said, “The supply squeeze comes just as the auto sector is preparing for aggressive EV rollouts.” The recent detente in bilateral relations with China might help the industry to address the crisis in the short term. The Union government is engaged in diplomacy with Beijing to address the rare earth supply crunch, mainly germanium.

Going forward, there is uncertainty on whether the Centre wants to push ahead with ethanol blending beyond 20%. While Minister Puri said the government will push for blending beyond 20%, the Union government in March said that there has been no decision yet.

https://www.thehindu.com/business/Economy/what-has-been-the-impact-of-ethanol-blending/article69943693.ece

show less

Constructed under IWAI’s green transport initiative, the vessel is set to begin operations on the Ganga in Varanasi shortly. Equipped with advanced fuel cell technology, it promises zero-emission operations, marking a significant shift from conventional diesel-powered vessels and reinforcing India’s push for sustainable, clean energy-driven transport solutions.

The Shipping Secretary noted that the project will act as a demonstration model for green inland waterways, paving the way for wider adoption of hydrogen-based mobility across the country.

Cochin Shipyard Limited, India’s largest shipbuilding and repair yard, has pioneered the development of the vessel, positioning it as a benchmark for sustainable shipping in the region.

The launch aligns with IWAI’s efforts to enhance the efficiency of National Waterway-1 (Ganga–Bhagirathi–Hooghly system) and promote multi-modal transport. With hydrogen fuel cell technology entering service, inland waterways are poised to become a key driver of India’s green mobility transition.

https://www.maritimegateway.com/shipping-secretary-reviews-indias-first-hydrogen-fuel-cell-vessel-at-varanasi/

show less

“The mission covers demand creation, support for electrolyser manufacturing, production targets, R&D, international cooperation, and skilling and is projected to create over 6 lakh jobs by 2030,” said Naik while underlining substantial progress made in the sector since the launch of the programme.

While addressing the FICCI Green Hydrogen Summit 2025, the minister announced that 23 R&D projects were sanctioned, with over 100 more under evaluation. We are developing a testing facility for green hydrogen. Besides, over 100 hydrogen standards and protocols are adopted or under preparation,” said Naik.

He also mentioned that five states have already implemented their green hydrogen policies, with several others actively developing similar initiatives. “15 states have notified their own hydrogen policies, creating enabling ecosystems and hydrogen hubs,” claimed Naik. Naik further explained that these states are facilitating land allocation, ensuring water availability, promoting the storage of renewable energy, and incentivizing innovation, particularly through the establishment of hydrogen hubs.

The minister highlighted India’s renewable energy achievements as the foundation for green hydrogen ambitions. As of June 2025, cumulative installed renewable energy capacity reached approximately 237 gigawatts, including 119 gigawatts of solar, 52 gigawatts of wind, and 49 gigawatts from large hydro.

Combined with 8.78 gigawatts of nuclear power, non-fossil fuel sources now represent more than 50% of total installed power generation capacity. ‘This is a matter of immense pride that we have achieved this key NDC target five years ahead of schedule,’ Naik said, crediting the leadership of Prime Minister Narendra Modi. India has set a target of 500 gigawatts of non-fossil fuel-based capacity by 2030, requiring annual capacity additions of approximately 50 gigawatts. Industry leaders at the summit expressed optimism about recent developments and government support.

https://www.newindianexpress.com/business/2025/Aug/20/india-set-to-create-6-lakh-jobs-and-global-hub-in-green-hydrogen-sector-by-2030

show less

Highlighting India’s leadership in renewable energy, Gadkari said that solar energy is the ‘Sanjeevani Booti’ for our planet and hydrogen is the fuel of the future.

“I drive a Toyota Mirai, which itself means ‘future’ in Japanese, because I believe hydrogen will transform mobility and energy,” he added.

Speaking at the 24th Darbari Seth Memorial Lecture, hosted by the Energy and Resources Institute (TERI) here, the minister emphasised that true progress lies in making “our villages stronger than our cities”.

“With 80 per cent of people still connected to agriculture, we must diversify farming towards energy and power, invest in water conservation, and harness technologies like AI for rural prosperity. Jal, jameen, and jungle must remain the pillars of our growth model,” he told the gathering.

The minister further stated that ethics, economy, ecology, and environment must move together — only then can development generate employment, alleviate poverty, and inspire pride and self-reliance.

The 24th Darbari Seth Memorial Lecture was delivered by Ashish Khanna, Director General, International Solar Alliance (ISA), and presided over by Gadkari.

India aims to capture nearly 10 per cent of global green hydrogen demand, which is expected to exceed 100 million metric tonnes by 2030.

According to Shripad Naik, Minister of State for Power and Renewable Energy, India has made substantial progress towards its ambitious green hydrogen production targets, with 862,000 tonnes per annum of production capacity already awarded to 19 companies under the National Green Hydrogen Mission.

The government has awarded 3,000 megawatts of electrolyser manufacturing capacity to 15 companies, marking significant industrial development in the sector.

https://www.smetimes.in/smetimes/news/indian-economy-news/2025/Aug/20/india-energy-exporter.html

show less

The innovation, described as a milestone in the national transporter’s renewable energy mission, highlights BLW’s growing focus on green energy and environmental conservation.

BLW General Manager Naresh Pal Singh said the project is part of the unit’s broader plan to reduce dependence on conventional energy.

“We generate 4.5 megawatt of solar energy, which meets nearly 20 percent of our power requirement. Solar panels have been installed not only on rooftops but also inr ks,” he said.

The Varanasi-based production unit, which manufactures both diesel and electric locomotives, has steadily shifted focus since the government’s policy decision on 100 per cent electrification.

“Today, most of the diesel locomotives we build are meant for exports or non-railway customers. So far, BLW has exported 174 locomotives and supplied 641 units to non-railway clients,” Singh said.

In total, the unit has produced over 10,800 locomotives, including 8,300 diesel models.

Just last month, BLW flagged off its 2,500th electric locomotive. Looking ahead, the unit is preparing to manufacture the new generation of Amrit Bharat locomotives-24 units this year and 48 next year. Singh added that BLW is expanding into allied services such as diesel loco servicing and wheel servicing to strengthen its profitability.

On the environmental front, BLW is already a “zero-discharge unit.” Water is treated and reused, while rainwater harvesting systems ensure long-term conservation. Nearly 40 percent of the premises is forested area, with 1.5 lakh trees planted. “This year, we will add 5,000 more trees,” Singh said.

The combination of solar expansion, water conservation, and afforestation makes BLW a leading example of how Indian Railways is aligning industrial growth with sustainability goals.

https://infra.economictimes.indiatimes.com/news/railways/banaras-locomotive-works-installs-solar-panels-on-tracks-focuses-on-green-energy/123481346

show less

EIL, a Navratna public sector enterprise under the Ministry of Petroleum and Natural Gas, has engaged Greenzo Energy for the project, which comes at a time when India is pushing its National Green Hydrogen Mission.

“We are deeply honoured to receive this R&D order from EIL, a premier PSU that has been instrumental in shaping India’s energy infrastructure for decades. This recognition reaffirms Greenzo Energy’s role as India’s first dedicated Green Hydrogen company and validates the trust placed in us by the Government of India,” said Sandeep Agarwal, Managing Director, Greenzo Energy.

The project is expected to support the development of scalable indigenous hydrogen solutions for use in sectors such as refineries, fertilisers, steel and cement.

https://energy.economictimes.indiatimes.com/amp/news/renewable/greenzo-energy-secures-major-hydrogen-electrolyser-rd-order-from-engineers-india/123496639

show less

Abadi LNG project begins engineering phase

Designated as a national strategic project by the Indonesian government, Abadi LNG seeks to strengthen the country’s energy security and foster regional industrial development. The facility will integrate carbon capture and storage (CCS) systems (CCS) to reduce emissions generated during production, aligning with energy transition and sustainability commitments.

KBR will work in conjunction with Samsung E&A and state-owned PT Adhi Karya to carry out a comprehensive FEED plan. The scope includes conceptual engineering, process design, technical specifications and feasibility analysis that will serve as the basis for the final investment decision and an eventual EPC (engineering, procurement and construction) contract.

Abadi LNG moves forward with carbon sequestration

Located in Saumlaki, Maluku, the plant will process gas from the Abadi field to supply domestic and international markets. The implementation of CCS and the integration of operational efficiency technologies position this complex as a reference in eco-efficient LNG projects projects in the region.

The success of this initial phase could open the door to long-term contracts and strengthen KBR and Samsung E&A’s presence in the competitive Southeast Asian energy market, where demand for clean and reliable energy solutions continues to rise.

https://inspenet.com/en/noticias/kbr-to-lead-initial-engineering-design-for-new-abadi-lng-plant/

show less

‘Argentina LNG’ is a large-scale LNG scheme designed to massively develop Vaca Muerta’s resources to deliver energy to domestic and international market. It represents an ambitious collective of projects to be developed in following three phases:

Phase 1 (5.95 MMtpa): Southern Energy SA (SESA) – an incorporated JV comprising Pan American Energy, Pampa Energia, Harbour Energy, YPF, and Golar LNG – contracted Golar LNG to develop this phase through the Hilli Episeyo FLNG unit (2.45 MMtpa, to be redeployed from Cameroon) and the MK II (3.5 MMtpa, under conversion in China). Start-up of the first vessel is expected in 2027, followed by the second in 2028. A midstream player will construct a pipeline as part of the project.

The FLNG component of this first phase was admitted into the RIGI incentive program, which provides legal stability, the ability to repatriate profits, dividends, and capital, and shields the project from new national, provincial, or municipal taxes.

Phase 2 (10 MMtpa): In December 2024, YPF signed a Project Development Agreement (PDA) with Shell to develop this phase, which will involve the construction of two newbuilds of 5 MMtpa each. A new pipeline will also be required for this phase, which has a 2030 start-up target.

Phase 3 (12 MMtpa): In June 2025, YPF signed an agreement with Eni to develop this phase via two newbuilds of 6 MMtpa each. Start-up in 2029 is the target.

Nonetheless, YPF’s ongoing legal battle with Burford Capital over the Argentine government’s expropriation of the NOC in 2012 poses a risk. On 30 June, a New York court ordered the transfer of the 51% expropriated stake as a partial payment to Burford. On 15 July, Burford agreed to suspend the transfer until the final decision is reached on Argentina’s appeal in 2026. Until this is resolved, uncertainty will persist.

At full capacity, the project will require 4.2 Bcf/d of feedgas, essentially the country’s entire production today. While we have no doubts about the Vaca Muerta shale’s subsurface capacity to supply gas, we believe meeting the aggressive timelines to deliver LNG will be challenging.

LNG Marketing Continues

In January 2025, YPF signed an MoU for up to 10 MMtpa with India’s ONGC, Gas Authority of India Limited (GAIL), and ONGC Videsh. Due to the high volatility of Brazilian LNG demand, given the country’s seasonal hydropower output, Argentine LNG exports are expected through spot and short-term contracts. Meanwhile, Asian buyers continue evaluating additional LNG sources as they diversify away from the US and Qatar, while European buyers could benefit from their proximity to Argentina. Other potential offtakers are ADNOC, through its XRG subsidiary, and CNOOC, which holds a 25% stake in Pan American Energy.

While Argentina’s investment environment has improved, some LNG investors and buyers remain averse to long-term investments in Argentine LNG projects and contracts, particularly given the country’s short-lived Tango FLNG export experience during 2019-2020.

YPF plans to construct four newbuild FLNG units, with capacities of at least 5 MMtpa – the largest ever built. We believe delivering these vessels on time will be challenging.

The world’s biggest FLNG units: The proposed capacities of the new vessels are a step change from the 3.6 MMtpa capacity of the world’s current largest operational FLNG unit, Shell’s Prelude FLNG project in Australia.

Fighting for dock space: Securing shipyard capacity will be difficult, as the FLNG hulls will be newbuilds and must compete for dry dock slots with other facilities.

New contractors needed: Shell and Eni have experience working with Samsung Heavy Industries (SHI), responsible for constructing the Prelude and Coral South FLNG vessels. Others, like Keppel in Singapore and CIMC Raffles in China, are specialists in FLNG conversions. Wison in China also has experience in the

FLNG market and has been contracted by Eni to build its second FLNG vessel for offshore Congo-Brazzaville.

Fierce global LNG supply competition

Between 2026 and 2030, the global LNG market will see an unprecedented wave of new liquefaction trains coming online, particularly in Qatar and the US Gulf Coast. Numerous pre-FID projects will compete with the Argentine projects. Moreover, the global pre-FID projects could pose a bigger challenge for Argentina LNG’s Phases 2 and 3, as most of the other pre-FID projects are in regions where some projects have already come online and their reliability has been proven, e.g., the US Gulf Coast.

Due to its smaller capacity and earlier start-up, the first phase of the Argentina project will have a better chance of competing in the LNG market.

https://www.oedigital.com/news/529012-argentina-s-30-mmtpa-lng-ambition-by-2030-is-it-feasible

show less

The convening of the kick-off meeting marks the project’s official entry into the substantive implementation stage. Representatives from various departments gathered to hold in-depth discussions on key aspects such as project preparation, construction planning, and technical assurance, laying a solid foundation for the smooth execution of the project.

The project is designed to process 200 000 m3/d of biogas, with the core objective of efficiently converting abundant organic waste resources into high-purity bio-LNG. Leveraging Furui Energy Service’s advanced biogas purification and liquefaction technology, the project ensures that the final product fully complies with local standards in Brazil.

https://www.lngindustry.com/liquid-natural-gas/21082025/furui-energy-launches-brazils-first-bio-lng-project/

show less

The Iraqi government and the Energy Ministerial Council recently issued directions outlining the project’s execution procedures, which include inviting specialized businesses, organizing technical and administrative committees, and identifying the necessary infrastructure to handle imported gas.

The Ministry of Oil announced that it finished vital pipelines to support the project, demonstrating the government’s commitment to prepare all essential needs before the floating platform goes operational.

These initiatives come at a time when Iraq is suffering tremendous issues with electrical stability.

These steps represent a serious shift toward expanding import channels and diversifying supply sources, guaranteeing considerable flexibility in securing liquefied natural gas (LNG) and achieving stability in the electricity grid following years of reliance on a single source.

A floating platform serves as a link between the LNG carrier and the shore-based receiving or exporting facilities.

According to a recent decision by the Energy Ministerial Council, six foreign corporations were asked to make technical and commercial proposals for this project. The Ministry of Oil established a technical committee to analyze the proposals, in addition to a combined ministerial committee comprised of the Ministries of Oil, Electricity, and Transport.

These committees were tasked with assessing bids and making suitable choices while maintaining the greatest standards of transparency.

These operations demonstrate Iraq’s capacity to effectively handle significant energy projects, as finishing pipelines before the floating platform enters the operational phase is critical to the project’s success.

https://www.iraqinews.com/iraq/iraq-moves-forward-with-floating-lng-transfer-system/

show less

Under the agreement, the three companies will collaborate on joint procurement of US LNG, enhance domestic supply stability through LNG swaps, and expand information sharing in the global LNG market. Hanwha Aerospace and Hanwha Energy will leverage Hanwha Ocean’s LNG carrier fleet to create an integrated LNG value chain from sourcing to transportation and delivery, with the aim of strengthening order potential and generating synergies across the Hanwha Group.

Last year, the company invested approximately KRW 180.3 billion (US$130.3 million) to acquire a 6.83% stake in US LNG developer NextDecade Corp., further expanding its presence in the North American LNG sector.

“We will extend the technology and global networks we have built in the defence sector into the energy field to contribute to national energy security,” said Jaeil Son, President and CEO of Hanwha Aerospace. “Based on our co-operation with Korea Southern Power, we will expand projects that strengthen Korea’s energy stability and support economic growth.”

“Through this agreement, we will bring together the capabilities of the private and public sectors to respond to the changing global LNG market,” added Jae Kyu Lee, CEO of Hanwha Energy. “We expect LNG imports and swaps to strengthen both the stability and flexibility of our partnership.”

“Amid recent geopolitical risks such as conflicts in the Middle East and changes in the external environment, enhancing competitiveness in direct LNG imports through collaboration with the private sector is highly meaningful,” concluded Jun-Dong Kim, CEO of Korea Southern Power. “I hope this agreement will serve as a cornerstone for practical co-operation, such as joint procurement of US LNG, that will contribute to the national economy.”

https://www.lngindustry.com/liquid-natural-gas/15082025/hanwha-aerospace-hanwha-energy-and-korea-southern-power-to-develop-global-lng-value-chain/

show less

Putin is among more than 20 world leaders, including Indian Prime Minister Narendra Modi, who will attend the Shanghai Cooperation Organisation summit in China’s northern port city of Tianjin on Sunday and Monday, where he is expected to meet Xi to revive trade between the countries.

The meeting is expected to mark another diplomatic coup for Russia, which has had sanctions imposed by the U.S. and European Union for its full-scale invasion of Ukraine in 2022, after Putin held talks with U.S. President Donald Trump in Alaska earlier this month on a potential peace agreement.

The tanker Arctic Mulan LNG, carrying LNG from the Arctic LNG 2 project, which is targeted by the sanctions, berthed at China’s Beihai LNG terminal in the southern region of Guangxi on Thursday, data from Kpler and LSEG showed. The cargo came from a storage facility in the Russian Far East that has only received cargoes from Novatek’s (NVTK.MM), Arctic LNG 2 project.

The delivery marks the first time superchilled fuel from the project reached an end-user since it started up last year.

“China and Russia are testing the waters,” said Anne-Sophie Corbeau, researcher at Columbia University’s Center on Global Energy Policy, in a post on LinkedIn.

“If this one goes through without any U.S. reaction, that could be a signal for China and other buyers that it would be ok to buy sanctioned Arctic LNG 2 cargoes. India could be next in line for a Russian LNG cargo, especially at an attractive price.”

PipeChina, the Beihai LNG terminal’s operator, did not immediately respond to a request for comment.

Arctic Mulan is currently still near the Beihai LNG terminal. Reuters has not been able to find any contact information for its registered owner, and its ship or commercial manager.

“It may have a political greenlight, and it is unlikely that Russia and China would proceed without some form of assurance that these cargo deliveries will not trigger sanctions risk for the terminal operator or lead to further consequences for Russia,” said Siamak Adibi, director for gas and LNG supply analytics at consultancy FGE.

The Arctic LNG 2 project had been due to become Russia’s largest LNG plant with eventual output of 19.8 million metric tons per year of LNG from three trains.

“If sanctions are lifted from Arctic LNG 2, some 12 million tons per annum of additional LNG could reach the market within a relatively short period, providing additional supply relief,” Adibi said.

https://www.reuters.com/business/energy/china-receives-first-arctic-lng-2-cargo-ahead-putins-visit-data-shows-2025-08-29/

show less

The plant, initially sanctioned by the US President Joe Biden’s administration, began exporting fuel on shadow fleet vessels last year, but none has ever docked at an import terminal as buyers feared retaliation from the US.

Arctic LNG 2, led by Novatek PJSC, is key to Russia’s plans to triple LNG exports by 2030 — and tap new gas markets after a sharp drop in pipeline sales to major traditional buyers in Europe. Other than pressuring India over its purchases of Russian oil, the US has held off on further tightening measures against buyers of Russian LNG as it seeks to broker a ceasefire agreement in Ukraine. US President Donald Trump said face-to-face discussions with Vladimir Putin in August were “extremely productive.”

Arctic Mulan loaded an LNG shipment from a floating storage unit in eastern Russia in early June, according to ship-tracking data. The fuel in storage was sourced from the Arctic LNG 2 facility.

Arctic LNG 2 produced eight cargoes last summer but was forced to shut in October as it failed to find buyers and as ice started its seasonal build-up around the facility. The vessels instead offloaded the fuel into storage sites in Russia.

https://www.bloomberg.com/news/articles/2025-08-28/us-sanctioned-russian-lng-shipment-docks-in-china-for-first-time

show less

The agreement was signed on August 26 by Oriental Fleet, a wholly-owned subsidiary of COSCO Shipping Development. Under the deal, Oriental Fleet will purchase the LNG carrier from the MOL subsidiary for a price of approximately CNY2.58 billion ($356 million). The vessel is expected to be delivered around July 2029.

Immediately following the delivery, the vessel will be leased back to the MOL subsidiary under a 240-month (twenty-year) bareboat charter. The total estimated charter hire to be paid to Oriental Fleet over the lease period is approximately CNY3.18 billion. At the end of the charter, the MOL subsidiary will be obliged to purchase the vessel back for $1.

The company stated that the sale-and-leaseback arrangement is part of its core ship leasing business and will expand the scale and improve the quality of its ship assets. It noted that the transaction will contribute to stable long-term income and cash flow, while also enhancing its overall financial soundness and supporting its long-term development.

https://www.bairdmaritime.com/shipping/tankers/cosco-shipping-unit-enters-into-cny258b-deal-with-mol-for-lng-carrier

show less