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…
Latest LNG News & Updates
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…
New Delhi, May 25 (IANS) Bangladesh is facing rising concerns over food security and inflation as continued disruptions in the Strait of Hormuz threaten both global fuel and fertiliser supply chains, a report has said, warning of a potential knock-on impact on agriculture and rural incomes.A report published in The Financial Daily highlighted that while immediate attention in the country remains focused on surging fuel costs, a more significant risk is emerging from tightening fertiliser availab…
New Delhi, May 24 (IANS) Pakistan’s deepening energy crisis and rising burden of circular debt are the result of years of flawed policy decisions, expensive imported fuel dependence and weak regulatory oversight rather than the International Monetary Fund (IMF) alone, according to a strongly worded analysis examining the country’s power sector.The report cited by The Tribune Express argued that Pakistan’s energy sector problems worsened significantly after the Nawaz Sharif-led government r…
New Delhi, May 24 (IANS) India’s heavy-duty logistics sector is increasingly turning to liquefied natural gas (LNG) as transport operators and policymakers look for alternatives to diesel amid rising concerns over energy security and crude oil imports.The transition comes as freight movement across the country continues to grow rapidly. India currently has nearly four million diesel-powered trucks transporting close to 70 per cent of domestic cargo, making the sector one of the largest consume…