New Delhi, June 23 (IANS) India’s energy security is shifting from scale to resilience as the country expands upstream access and diversifies supply portfolios in the wake of disruptions to the Strait of Hormuz, a report said on Tuesday.The report from S&P Global Energy said the Strait of Hormuz closure had disrupted about 17 per cent of global LNG supply but India — the world’s fourth‑largest LNG buyer — limited the impact by sourcing cargoes from Oman, the United States, Nigeria …
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Doha, June 22 (IANS) An explosion ripped through Qatar’s key natural gas export infrastructure injuring at least 54 people while 18 others remain missing, according to official reports.The blast occurred in the Ras Laffan industrial area on Sunday night, one of the world’s most important energy hubs, during ongoing efforts to resume operations at the facility following earlier disruptions linked to regional conflict.The incident triggered a major fire at the Barzan gas supply facility, promp…
New Delhi, March 12 (IANS) Indian oil marketing companies (OMCs) should be able to absorb average crude prices of up to around $90 per barrel over the medium term, supported in part by stronger refining margins, even as escalating tensions in West Asia raise concerns over global energy supply routes, a report said on Thursday.According to an analysis by CareEdge Ratings, the geopolitical situation notes that hostilities around the Strait of Hormuz have led to a sharp rise in crude prices since l…