Category: Natural Gas News

Natural Gas News and Analysis from varies commodity news media, we summarize all Natural Gas news into a sitemap summary with link to related News for the one who wanted to catch up Natural Gas price change in timely manner.

Biogas as LPG Alternative Can Be a Solution to Organic Waste: Think-Tank

Jakarta. Biogas as an alternative to liquefied petroleum gas, or LPG, will not only help meet the national demand for the latter, but also comes as a solution to Indonesia's alarming organic waste, according to think-tank Purnomo Yusgiantoro Center (PYC). Over the past five years, there has been a gap between the high LPG consumption and its production. Energy and Mineral Resources Ministry data shows the national production of...

How Union Gas Holdings is firing up growth in the fuel market

The friendly neighbourhood hawker centre is home to some of our favourite food, and it takes some choice ingredients paired with a skilful cook to bring out the best flavours. But there is one component that most people hardly think about – fire. Getting the right fire for cooking requires the right fuel, and Union Gas Holdings is the name many people think of when it comes to...

Record LNG prices push South Asian countries, including Pakistan, to ration gas

Pakistan, as well as Bangladesh, is rationing gas and buyers across South Asia are seeking alternative fuels after spot liquefied natural gas (LNG) prices surged to record highs, government and industry officials told Reuters.Spot LNG prices have nearly tripled since early November as freezing temperatures across North Asia boosted demand and depleted inventories. Since July, prices are up a dizzying 1,000 per cent. Gas-fired power plants and industries...

Korea Shipbuilding wins 288 bln won in orders

SEOUL, Jan. 11 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. said Monday that it has won a combined 288 billion won (US$263 million) in orders from three companies in Liberia, Oceania and Asia. Under the deal with a Liberian company, a 174,000-cubic meter liquefied natural gas (LNG) carrier to be built by Hyundai Samho Heavy Industries Co. will be delivered by the second half of 2023, Korea...

Korea Shipbuilding wins W288b in orders

This photo, provided by Korea Shipbuilding & Offshore Engineering Co. on Monday shows a LNG carrier built by Hyundai Heavy Industries. (Korea Shipbuilding & Offshore Engineering)Korea Shipbuilding & Offshore Engineering Co. said Monday that it has won a combined 288 billion won ($263 million) in orders from three companies in Liberia, Oceania and Asia.Under the deal with a Liberian company, a 174,000-cubic meter liquefied natural gas (LNG) carrier...

Fuel demand scales 11-month peak in December

NEW DELHI: India’s fuel consumption in December rose for a fourth straight month as economic activity and transport demand continued to recover from a coronavirus-led hiatus. Consumption of fuel, a proxy for oil demand, rose 4.1% to 18.6 million tonnes in December, the highest since January 2020, data from the Petroleum Planning and Analysis Cell (PPAC) of the ministry of petroleum & natural gas showed on Friday. However,...

Fuel demand scales 11-month peak in December as recovery gathers pace

NEW DELHI: India’s fuel consumption in December rose for a fourth straight month as economic activity and transport demand continued to recover from a coronavirus-led hiatus. Consumption of fuel, a proxy for oil demand, rose 4.1% to 18.6 million tonnes in December, the highest since January 2020, data from the Petroleum Planning and Analysis Cell (PPAC) of the ministry of petroleum & natural gas showed on Friday. However,...

Union govt eyes Rs 90,000 cr from BPCL stake sale

The government is looking to raise Rs 90,000 crore from the privatization of Bharat Petroleum Corp. Ltd (BPCL) at about double the valuation the stock is trading at, as the finance ministry seeks to benchmark the price of the fuel retailer to some of its publicly traded rivals, an official said. The government’s target price for its 52.98% stake is also based on the value of BPCL’s assets,...

Rise in fuel sales in 2020 shows signs of economic recovery: IOC

During 2020, sales of motor spirit have increased by 108 percent and diesel by 96 percent over the previous year, IOC director (marketing) Gurmeet Singh said. PTI January 01, 2021 / 10:48 PM IST Despite disruptions in commercial activities due to the COVID-19 crisis, sales of motor spirit and diesel have increased during 2020, which indicates a revival of the economy, an official of Indian Oil Corporation (IOC) said...

Rise in fuel sales in 2020 shows signs of economic recovery, says Indian Oil Co…

Despite disruptions in commercial activities due to the Covid-19 crisis, sales of motor spirit and diesel have increased during 2020, which indicates a revival of the economy, an official of Indian Oil Corporation (IOC) said on Friday.During 2020, sales of motor spirit have increased by 108 per cent and diesel by 96 per cent over the previous year, IOC director (marketing) Gurmeet Singh said.“This shows the healthy signs...

5 Undervalued Oil Companies To Consider For 2021

Spurred by expectations for rising fuel demand as the U.S. works to expand its pandemic aid payments and a final Brexit deal is anticipated to stabilize trade between the U.K. and Europe in 2021, oil prices rose on Tuesday morning.Brent crude climbed 1% to $51.38 per barrel, while West Texas Intermediate futures gained 1.1% to $48.15 per barrel. Oil prices over the past year. GuruFocus.com As a result...

Nigeria: Nigeria Oil Industry in Turbulent Year

Peter Uzoho chronicles the events that shaped the Nigeria oil and gas industry in 2020. The oil and gas industry globally has witnessed its most tempestuous experience in history in 2020. The outbreak of the COVID-19 pandemic from Wuhan, China, and its threat to lives and businesses led to the introduction of lockdowns and other stringent restriction of movement measures across cities of the world. Nigeria like other...
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