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 …
Latest S&P Global Energy News & Updates
New Delhi, June 18 (IANS) Despite the West Asia crisis disrupting oil and gas flows, India is maintaining its energy security through diversified supply chains, strong domestic coal resources, and expanding digital infrastructure, according to S&P Global Energy’s latest report.S&P notes that Indian refiners are strategically mitigating shipping risks around the Strait of Hormuz.However, the report advises that India must shift from a standard procurement-based approach to a more aggressi…
Mumbai, March 29 (IANS) The National Stock Exchange (NSE) is set to launch a new crude oil futures contract linked to global benchmark prices from April 13, in a move aimed at strengthening India’s commodity derivatives market.The exchange said it will introduce Dated Brent Crude Oil (Platts) futures in its commodity derivatives segment after receiving approval from the Securities and Exchange Board of India (SEBI).The new contract will be based on the S&P Global Energy (Platts) Dated Bren…