New Delhi, July 26 (IANS) India’s long-term natural gas growth will depend not only on expanding liquefied natural gas (LNG) import capacity but also on accelerating investment in transmission and distribution infrastructure, reforming gas pricing and market regulations, and creating stronger demand from gas-intensive industries, according to a new report by the International Gas Union (IGU).The report said that while India has made significant progress in expanding its LNG regasification termin…
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Washington, July 22 (IANS) Timor-Leste is seeking Indian investment in liquefied natural gas, oil refining and education as it moves to deepen relations with New Delhi, the Southeast Asian nation’s former foreign minister and deputy prime minister has said.Ambassador Jose Luis Guterres of Timor-Leste to the US told IANS in an exclusive interview that energy offered significant opportunities for Indian companies. Timor-Leste has oil and natural gas resources and needs investment in an LNG plant…
Seoul, July 21 (IANS) The top military officers of South Korea and Australia held talks over the phone Tuesday to discuss the security environment of the Indo-Pacific region and agreed to expand military cooperation, South Korea’s Joint Chiefs of Staff (JCS) said. JCS Chairman General Jin Yong-sung held his first phone call with Admiral Mark Hammond, during which the two sides shared their assessment of the regional security environment, including North Korea’s nuclear and missile threats, Yonha…
New Delhi, July 13 (IANS) India is unlikely to face any immediate energy supply concerns despite fresh geopolitical tensions escalating in West Asia, as the country is well-positioned to meet its near-term energy requirements with adequate crude inventories and diversified sourcing, according to industry experts and reports.The renewed tensions are likely to push up crude oil prices and increase procurement costs for September and October, according to experts. However, they noted that India’s i…
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…
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…