Indo-Bangla Friendship Pipeline likely to be commissioned in February
The ambitious 130-km long Indo-Bangla Friendship Pipeline (IBFPL), constructed at a cost of Rs 377.08 crore, is likely to be commissioned by next month, official sources said on Sunday.
The international oil pipeline, IBFPL, will carry fuel from Assam-based Numaligarh Refinery Ltd (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC).
The mechanical works of the bilateral project, being funded by India, was completed on December 12 last year, a senior official of NRL told PTI on condition of anonymity.
“We have set the commissioning target completion in February 2023,” he added.
The ground breaking ceremony for the 130-km IBFPL was held in September 2018 in the presence of Prime Ministers of India and Bangladesh through video conferencing. “ The project is in a true sense an engineering marvel. We faced lots of hurdles but with mutual cooperation and technological understanding between the two countries, this international project will see the light of the day,” another senior executive of the Northeast’s largest refiner said.
The IBFPL has been successfully implemented because of the true friendship between India and Bangladesh, and it will remain as a testimony of best relationship between the two South Asian nations, she added.
Indian Prime Minister Narendra Modi in his meeting with Hasina in 2017 had agreed to finance this pipeline with a capacity of one million metric tonne per annum (MMTPA).The total project cost for construction of the IBFPL is Rs 377.08 crore. Out of this, NRL's investment is Rs 91.84 crore for the
India portion of the pipeline, while the remaining Rs 285.24 crore for Bangladesh portion is being funded by the Indian government as grant-in-aid.
According to a recent report, prepared by Assam Assembly on the visit of a delegation of the legislators to the neighbouring country, Bangladesh will start importing gas and oil from NRL later this year.
The delegation met Bangladesh Prime Minister Sheikh Hasina, who said that “importing fuel oil from India through pipeline” will start from this year, it added.
“She said that Bangladesh wants to import oil from India through pipeline… The 130-km India-Bangladesh Friendship Pipeline (IBFPL) project aims to export oil products from India to Bangladesh,”
Later in October of the same year, the state-run NRL signed another 15-year agreement with the BPC for export of gas oil (diesel) to the neighbouring nation.
In NRL, Oil India Ltd has 69.63 per cent stake, while Assam Government and Engineers India Ltd have 26 per cent and 4.37 per cent holding respectively.
Assam CM flags off 100 CNG buses, inaugurates 1st green fuel station
Assam Chief Minister Sh. Himanta Biswa Sarma on Sunday flagged off 100 new CNG-run buses, as part of the Smart City Mission.
He also inaugurated the city’s first CNG fuel station.The CM said the launch of the CNG-run buses and the inauguration of the fuel station were decisive steps for “ gradual but firm mitigation” of the impacts of climate change and global warming. The CNG buses were gifted by Guwahati Smart City Ltd to Assam State Transport Corporation.
The passenger vehicles are equipped with air-conditioning, fire-detection, global positioning systems and several other features, and will be operated by ASTC.
Noting that excessive use of fossil fuel, such as petrol and diesel, is the prime reason for global warming, the CM said the carbon emission from the use of such energy is creating climatic imbalances in many parts of the globe, including Assam.
It is important that “all must unite to mitigate the impacts of climate change and work out a long-term and permanent solution”, he said, adding that green energy, such as compressed natural gas, is the answer to the problem.
The gradual transition towards clean and green fuel in the public transport system of Guwahati would ensure that the state contributes towards the nation’s commitments on capping carbon emissions, Sh. Sarma said.
Gradually, other public transport vehicles, such as auto-rickshaws, and vans, would also be brought under the ambit of CNG, while the possibility of allowing CNG-run private vehicles would also be explored, he said.
The CM hailed Prime Minister Sh. Narendra Modi for implementing the gas-grid project, without which the launch of CNG station in Assam wouldn’t have been possible.
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CITY CNG PRICE PNG PRICE DELHI 45.20 /Kg 30.91 /Kg MUMBAI 51.98 /Kg 49.4 /Kg - Download GSR
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- Indicative Prices of crude oil and natural gas on January 21, 2021
Indicative Prices of crude oil and natural gas on January 21, 2021
10 AM Brent $/bbl WTI $/bbl NYMEX $MMBtu Indian Crude Basket
Jan 21, 2021 55.88 53.10 2.54 Average between Jan 14-20 56.06 53.08 2.64 49.84# Jan 21, 2020 64.21 57.59 1.90 64.31## Oil & Gas Price of Previous date
Indicative Prices of crude oil and natural gas on January 20, 2021
10 AM Brent $/bbl WTI $/bbl NYMEX $MMBtu Indian Crude Basket
Jan 20, 2021 56.28 58.32 2.55 Average between Jan 13-19 56.29 58.04 2.69 49.84# Jan 20, 2020 65.05 58.45 1.69 64.31## show less
** PPAC , & balance data source – https://tradingeconomics.com/ ** The PPAC price is the average for Dec 2020 (#) and average for Jan 2020 (##) - Annual snapshot 2020
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- 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.
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.
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- 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.
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NATIONAL News
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The NEws of teh International
The International NEws
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- City Gas Distribution – entering a critical phase!
So is the CGD sector now entering the much-awaited acceleration stage! Going by the first reports on the 9th CGD bidding round, and by the official and not-so-official reports, on the face of it, there appears to be reason for being positive.
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Solar – Impacting the Gas Story?
Natural gas and renewable energy including solar were for long considered to have a synergetic relationship – each complimenting the other.
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