New Delhi, July 10 (IANS) India’s best strategy to get the best trade deal with the US is to wear down the opening position, not the relationship, keep the conversation warm, avoid public escalation, make limited and reversible offers, and wait for the Donald Trump Administration’s first demand to run into the US market costs, China-balancing needs and alliance fatigue, an SBI Research report said on Friday.Then bargain late, when Washington’s reservation price is clearer and India’s value a…
Latest LNG News & Updates
New Delhi, July 5 (IANS) The Centre has withdrawn most provisions of the emergency natural gas supply regulation order introduced during the West Asia conflict, citing the resumption of liquefied natural gas (LNG) shipments through the Strait of Hormuz following a ceasefire and an improvement in the regional supply situation.In an official notification, the Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026, removing key operational provisions that had …
Washington, June 27 (IANS) US Secretary of State Marco Rubio has said the United States wants to play a bigger role in meeting India’s growing energy needs, backing New Delhi’s strategy of diversifying its energy sources while arguing that closer India-US cooperation can strengthen long-term energy security.In an exclusive interview with IANS at the White House, Rubio said Washington was well-positioned to support India’s expanding energy requirements as both countries deepen their strategic par…
New Delhi, June 20 (IANS) Global oil majors are cutting back on low‑carbon investments and refocusing on conventional oil and gas investments due to energy security concerns from geopolitical conflicts, a report said on Saturday.The report from Equirus Securities said combined low‑carbon spending by seven global oil supermajors fell to the lowest level since 2019 at about $8.3 billion in 2025 from around $24 billion in 2024.Meanwhile, their investments in oil and gas projects have risen, mar…
Seoul, June 18 (IANS) South Korea plans to apply zero tariff rates on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) within quotas in the second half of 2026 as the country seeks to tame inflation amid lingering global energy price volatility, the finance ministry said on Thursday.The Ministry of Finance and Economy said tariff rates on LNG, LPG and crude oil used for the production of LPG will be lowered to zero in the second half, noting the measure is expected to help stabilise…
New Delhi, June 10 (IANS) India and the United States can deepen strategic energy ties across the hydrocarbon value chain to expand bilateral trade to a shared goal of $500 billion by 2030, a report said on Wednesday.The report from US-India Business Council and Grant Thornton Bharat said hydrocarbons, including LNG, crude oil, LPG, ethane and propane, will play a major role in expanded trade while unlocking new avenues for investment, strengthening energy security and enhancing supply chain res…
New Delhi, June 4 (IANS) India- Oman Comprehensive Economic Partnership Agreement (CEPA) carries strategic value beyond trade by offering mechanisms to mitigate risks tied to the Strait of Hormuz, a report has said.Oman’s unique geographic position, stretching from the Arabian Sea to areas adjacent to the Hormuz choke point, and its port and logistics infrastructure provide India with alternative maritime access points, the report from India Narrative said.”This also allows New Delhi to engage…
Mumbai, June 4 (IANS) Commerce and Industry Minister Piyush Goyal said on Thursday India is actively expanding its global trade network, with the Oman free trade agreement (FTA) coming into effect from June 1, and another two to three more significant FTAs are scheduled to become operational in the next six months.“Over the next year, around three to four more major FTAs will be executed, and in the next 9–10 months, all nine FTAs currently in the pipeline are expected to come into effect. O…
New Delhi, May 28 (IANS) A Canada-India trade agreement may seem modest in aggregate volume, but it is disproportionately important for Canada’s diversification strategy and North American supply chain resilience, especially in critical minerals, clean energy and knowledge intensive services, according to an article in One World Outlook.Of late, bilateral commerce has grown into a mid-sized but still underexploited relationship. In fiscal year 2023–24, India–Canada merchandise trade reache…
New Delhi, May 27 (IANS) The Scheme for Promotion of Surface Coal and Lignite Gasification Projects, launched with a financial outlay of Rs 37,500 crore, marks a major step towards achieving the national target of gasifying 100 million tonnes (MT) of coal by 2030, to strengthen India’s energy security and reduce dependence on imports of key commodities such as LNG, urea, ammonia, and methanol, the government said on Wednesday.The Coal Ministry is gearing up to organise a roadshow on Thursday t…