- Annual snapshot 2020
- GSR
- US events pushing up gas prices
US Events pushing up gas prices
Between August 1 and August 31, Nymex gas price has increased by a whopping 42%.
The increase in gas price has come in the background of a sliding US economy in the April-June qtr.
This is not surprising in view of the significant decline in oil and gas rigs; compared to 904 rigs on August 30, 2019 the current number is 254 rigs as on August 28, 2020 (Source Oil Price.com). Consequent to the drop in rig count, oil and gas production has also come down, moreso because of closing of shale oil & associated gas producing assets.
[popup_anything id=”17546″]
LNG price indexation to HH too must have been impacted by the increase. Price of LNG out of USA continues to increase vis-a-vis pipeline supply in Europe, however, the LNG spot markets are showing an uptrend from a low of below $2/MMBtu to anything above $4/MMbtu for September-October delivery.
Asian spot LNG prices jumped to a multi-month high earlier this week, although they eased slightly towards the end of the week on expectations of more supply from the United States. The average LNG price for October delivery into northeast Asia LNG-AS was estimated at about $4.10 per MMBtu this week, up 40 cents from the previous week, but down about 10 to 20 cents from earlier this week. Prices for cargoes to be delivered in September were estimated at about $3.90 to $4 per MMBtu.
- Test Form
Error: Contact form not found.
- Natural gas consumption to rise 3-folds in 10 yrs for 15% target: Pradhan
Natural gas consumption to rise 3-folds in 10 yrs for 15% target: Pradhan
Natural gas currently makes up for 6.2 per cent of all energy consumed in the country.
New Delhi – India’s natural gas consumption will have to rise more than three-folds in next 10 years for the environment friendly fuel’s share to increase to 15 per cent in the country’s energy basket, Oil Minister Dharmendra Pradhan said on Thursday adding that a massive USD 60 billion is being spent to expand gas infrastructure to meet such a demand.
Natural gas currently makes up for 6.2 per cent of all energy consumed in the country. To cut dependence on polluting coal and liquid fuels, the government is targeting its share to rise to 15 per cent by 2020-30.
“Gas consumption has to rise to 600 million standard cubic metres per day for achieving 15 per cent share in energy basket” from current levels of 166 mmscmd, he said at a FICCI conference on gas infrastructure.
The current consumption comprises 80-90 mmscmd of domestic output and the remaining coming by way of imports, he said.
“A massive USD 60 billion is being spent on building gas infrastructure to meet the demand,” he said.
The investment is being done in building LNG import terminals, laying pipelines and expanding city gas distribution network so that the usage of non-polluting fuel in the country rises.
Pradhan said natural gas, having dual advantages of being cleaner as well as a cheaper fuel (when compared with liquid fuels like diesel and furnace oil), could help steer India as a transition/ bridging fuel towards a ‘low carbon future’.
India presently has 38.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) import terminal capacity. This is being expanded to 52.5 million tonnes in next 3-4 years, he said.
Also, an additional 14,700 km of gas pipeline is being laid to expand the existing network of 16,800 km.
City gas distribution networks for sale of CNG to automobiles and piped cooking gas to households is being expanded to 70 per cent of the country at an investment of Rs 1.2 lakh crore, he said.
Besides, plans are afoot to set up 5,000 compressed bio gas plants that will convert agri and municipal wastes into gas. These will have a capacity of 15 million tonnes by 2023, he said adding a letter of intents for nearly 500 CBG plants have already been issued.
For fuel investment in the gas sector, the government has is rationalising natural gas grid tariff structure and setting up a gas trading exchange or hub, he said.
India is the world’s third-largest energy consumer after the USA and China. According to BP Energy Outlook 2019, India’s energy consumption will jump from the current 6 per cent to 11 per cent in 2040.
It is expected to cross China as the largest energy growth market by 2020.
-
[ezquiz] title:WordPress is free and priceless help: All things good about WordPress q: Narendra Modi is the primie mnister of India a: false q: BJP will be the largest party a: true q: This book is written by Rbindra nath a: false [/ezquiz]
Natonal NEws
NATIONAL News
If you are using a static page as home page, you should paste shortcode [pt_view id=”VIEW_ID”] to editor of that page.
If you are using “Your latest posts” as home page, you should paste this code<?php echo do_shortcode("[pt_view id=VIEW_ID]"); ?>
to a theme file:front-page.php
orhome.php
orindex.php
.The NEws of teh International
The International NEws
If you are using a static page as home page, you should paste shortcode [pt_view id=”VIEW_ID”] to editor of that page.
If you are using “Your latest posts” as home page, you should paste this code<?php echo do_shortcode("[pt_view id=VIEW_ID]"); ?>
to a theme file:front-page.php
orhome.php
orindex.php
.- NGS’ Snapshot
YEAR 2025
January 1-15 | | January 16-31 | |February 1-15|| February 16-28|| March 1-15|| March 16-31|| April 1-16|| April 16-30|| May 1-15 ||May 16-31|| June 1-15|| June 16-30 || July 1-15 || July 15-31 || August 1-15 || August 15-31|| September 1-15 | | September 16-30 | | Oct 1-15 | | Oct 16-31 | | Nov 1-15 | | Nov 16-31 | | Dec 1-15 | | Dec 16-31
YEAR 2024
January 1-15 | | January 16-31 | |February 1-15|| February 16-28|| March 1-15|| March 16-31|| April 1-16|| April 16-30|| May 1-15 ||May 16-31|| June 1-15|| June 16-30 || July 1-15 || July 15-31 || August 1-15 || August 15-31|| September 1-15 | | September 16-30 | | Oct 1-15 | | Oct 16-31 | | Nov 1-15 | | Nov 16-31 | | Dec 1-15 | | Dec 16-31
YEAR 2023
January 2023 Vol 1 | | January 2023 Vol 12 | |February 1-15|| February 16-28|| March 1-15|| March 16-31|| April 1-16|| April 16-30|| May 1-15 ||May 16-31|| June 1-15|| June 16-30 || July 1-15 || July 15-31 || August 1-15 || August 15-31|| September 1-15 | | September 16-30 | | Oct 1-15 | | Oct 16-31 | | Nov 1-15 | | Nov 16-31 | | Dec 1-15 | | Dec 16-31
YEAR 2022
JANUARY 2022 Vol I| | January 2022 Vol 2 | | February 2022 Vol 1 | | February 2022 Vol 2 | | March 2022 Vol 1 | | March 2022 Vol 2 | | April 2022, Vol 1 | | April 2022, Vol 2 | | May 2022 Vol 1 | | May 2022 Vol 2| | June 2022 Vol 1| | June 2022 Vol 2 | | July 2022 1-15 | | July 2022 16-31| | August 2022 1-15 | | August 2022 16-31| | September 2022 1-15 | | September 2022 16-30 | | Oct 2022 1-15 | | Oct 2022 16-31 | | Nov 2022 1-15 | | Nov 2022 16-31 | | Dec 2022 1-15 | | Dec 2022 16-31
YEAR 2021
JANUARY 2021 Vol I || January 2021 Vol 2 || February 2021 Vol 1 || February 2021 Vol 2 || March 2021 Vol 1 || March 2021 Vol 2 || April 2021, Vol 1 || April 2021, Vol 2 || May 2021 Vol 1 || May 2021 Vol 2 || June 2021 Vol 1 || June 2021 Vol 2July 2021 1-15|| July 2021 16-31 || August 2021 1-15 ||August 2021 16-31|| September 2021 1-15 || September 2021 16-30 ||Oct 2021 1-15 ||Oct 2021 16-31 || Nov 2021 1-15 || Nov 2021 16-31 || Dec 2021 1-15 || Dec 2021 16-31
YEAR 2020
JANUARY 2020 Vol IJ|| ANUARY 2020 VOL II|| FEBRYARY 2020 Vol || FEBRYARY 2020 VOL II|| MARCH 2020 Vol IMARCH 2020 Vol IIAPRIL 2020 Vol IAPRIL 2020 VOL IIMAY 2020 Vol IMAY 2020 VOL IIJUNE 2020 Vol IJUNE 2020 Vol IIJULY 2020 Vol IJULY 2020 VOL IIAUGUST 2020 VolAUGUST 2020 VOL IISEPTEMBER 2020 Vol ISEPTEMBER 2020 Vol IIOCTOBER 2020 Vol IOCTOBER 2020 VOL IINOVEMBER 2020 Vol iNOVEMBER 2020 VOL IIDECEMBER 2020 Vol IDECEMBER 2020 VOL II
YEAR 2019
April 2019 Vol IiApril 2019 Vol I||May 2019 Vol iI||May 2019 Vol i||June 2019 Vol II||June 2019 Vol I||July 2019 Vol I||July 2019 Vol I||August 2019 Vol I||August 2019 Vol III||September 2019 Vol I||September 2019 Vol II||October 2019 Vol I||October 2019 Vol II||November 2019 Vol I||November 2019 Vol II||December 2019 Vol 1December 2019 Vol II
- Snapshot March 2019 Volume II
- NGS Snapshot March 2019 Volume I
- NGS Snapshot February 2019 Volume II
- NGS Snapshot February 2019 Volume I
- unsbscribed
Do you want to unsubscribe?
- NGS Snapshot January 2019 Vol II
- NGS Snapshot January 2019 Vol I
- NGS Snapshot December 2018 Vol I International
- NGS Snapshot December 2018 Vol II National
- NGS Snapshot December 2018 Vol I
- NGS Snapshot November 2018 Vol II
- NGS Snapshot November 2018 Vol I
- NGS Snapshot October 2018 Vol II
- NGS Snapshot October 2018 Vol I
- NGS Snapshot September 2018 Vol II
- NGS Snapshot September 2018 Vol I
- NGS Snapshot August 2018 Vol I
- NGS Snapshot July 2018 Vol II
- City Gas Distribution – entering a critical phase!
- NGS Snapshot July 2018 Vol I
- NGS Snapshot June 2018 Vol II
- NGS Snapshot June 2018 Vol I
- NGS Snapshot May 2018 Vol II
- NGS Snapshot May 2018 Vol I
- NGS Snapshot April 2018 Vol II
Solar – Impacting the Gas Story?
NGS Snapshot April 2018 Vol I
- NGS Snapshot March 2018 Vol II
- NGS Snapshot March 2018 Vol I
- NGS Snapshot February 2018 Vol II
- NGS Snapshot February 2018 Vol I
- NGS Snapshot January 2018 Vol II
- NGS Snapshot December 2017 Vol II
- NGS Snapshot December 2017 Vol I
- NGS Snapshot November 2017 Vol II
- NGS Snapshot November 2017 Vol I
- NGS Snapshot October 2017 Vol II
- NGS Snapshot September 2017 Vol II
- NGS Snapshot September 2017 Vol I
- NGS Snapshot August 2017 Vol II
- NGS Snapshot August 2017 Vol I
- NGS Snapshot July 2017 Vol II
- NGS Snapshot July 2017 Vol I
- NGS Snapshot June 2017 Vol II
- NGS Snapshot June 2017 Vol I
- NGS Snapshot May 2017 Vol II
- NGS Snapshot May 2017 Vol I
- NGS Snapshot April 2017 Vol II
- NGS Snapshot Mar 2017 Vol II
- NGS Snapshot Mar 2017 Vol I
- NGS Snapshot February 2017 Vol II
- NGS Snapshot February 2017 Vol I
- NGS Snapshot January 2017 Vol II
- NGS Snapshot January 2017 Vol I
- NGS Snapshot December 2016 Vol II
- NGS Snapshot December 2016 Vol I
- NGS Snapshot November 2016 Vol II
- NGS Snapshot November 2016 Vol I
- NGS Snapshot October 2016 Vol II
- NGS Snapshot October 2016 Vol I
- NGS Snapshot September 2016 Vol II
- NGS Snapshot September 2016 Vol I
- NGS Snapshot August 2016 Vol I
- NGS Snapshot July 2016 Vol II
- NGS Snapshot July 2016 Vol I
- NGS Snapshot June 2016 Vol I
- NGS Snapshot May 2016 Vol II
- NGS Snapshot May 2016 Vol I
- NGS Snapshot April 2016 Vol II
- NGS Snapshot April 2016 Vol I
- NGS Snapshot March 2016 Vol II
- NGS Snapshot March 2016 Vol I
- NGS Snapshot February 2016 Vol II
- NGS Snapshot February 2016 Vol I
- NGS Snapshot January 2016 Vol II
- NGS Snapshot January 2016 Vol I
- NGS Snapshot December 2015 Vol II
- NGS Snapshot December 2015 Vol I
- NGS Snapshot November 2015 Vol II
- NGS Snapshot November 2015 Vol I
- NGS Snapshot October 2015 Vol II
- NGS Snapshot October 2015 Vol I
- NGS Snapshot- September 2015 Vol-II
- NGS Snapshot- September 2015 Vol-I
- NGS Snapshot- August 2015 Vol-II
- NGS Snapshot- August 2015 Vol-I
- NGS Snapshot- July 2015 Vol-II
- NGS Snapshot- July 2015 Vol-I
- NGS Snapshot- June 2015 Vol-II
- NGS Snapshot- June 2015 Vol-1
- NGS Snapshot- May 2015 Vol II
- NGS Snapshot- May 2015 Vol I
- NGS Snapshot- April 2015 Vol II
- NGS Snapshot- April 2015 Vol I
- NGS Snapshot- March 2015 Vol II
- NGS Snapshot- March 2015 Vol 1
- NGS Snapshot- FEb 2015 Vol 3
- NGS Snapshot Feb 2015 Vol 2
- NGS Snapshot- Feb Vol 1
- NGS Snapshot Jan 2015 Vol 2
- Snapshot Jan 2015 Vol 1
- NGS Snapshot Dec 2014 Vol 2
- NGS Snapshot Dec 2014 Vol 1
- NGS November 2014