Natural gas prices hiked by 40%; CNG, PNG to cost more

The price of gas from difficult and newer fields like the ones in Reliance Industries Ltd and its partner bp plc operated deepsea D6 block in KG basin, was hiked to $12.6 per mmBtu from $9.92, the ord…

CNG, PNG rates set to go up as gas prices hiked 40%

Both the sectors have been laggards with crude production falling during 12 of the last 13 months, while natural gas saw the second straight month of decline.Core sector growth slows to 9-mth low of 3…

Putin accuses the West of sabotaging Baltic Sea pipelines

COPENHAGEN, Denmark (AP) — The explosions that rocked natural gas pipelines under the Baltic Sea ahead of gigantic methane leaks probably corresponded to an explosive load of several hundred kilos (…

EU to cut power use, levy energy companies

The power crisis, which had been brewing even before the war in Ukraine, took on greater magnitude when Russia severely curtailed natural gas supplies to Europe in retaliation for Western sanctions ov…

Eurozone inflation hits record 10%

Soaring power prices the king contributor The high inflation figure comes as the region experiences soaring electricity and natural gas prices, and also comes amid forecasts of a looming recession….

European gas prices soar on Russian pipeline news

Media reports bay that if the TurkStream natural gas route is damaged, the operator won’t be able to mount repairs because of the sanctions.Prices have seen upward pressure due to uncertainty over s…

Russia resumes gas supplies to China

Russia resumes gas supplies to China

Supplies of natural gas from Russia to China via the Power of Siberia route have been resumed, as routine mend on the pipeline was completed according to schedule, Russian energy giant Gazprom said on…