ONGC seeks minimum $4 for CBM gas
India’s top oil and gas producer ONGC is seeking a minimum price of US$3.5-4 for the natural gas it plans to produce from coal seams in Jharkhand and a field in Tripura.
India’s top oil and gas producer ONGC is seeking a minimum price of US$3.5-4 for the natural gas it plans to produce from coal seams in Jharkhand and a field in Tripura.
India is planning to set up a 14 GWh grid-scale battery storage system at Khavda in Gujarat, which is being developed as home to the world’s largest renewable energy park.
India has developed an indigenous technology to convert high ash Indian coal to methanol and established its first pilot plant in Hyderabad, the Department of Science and Technology said.
India plans to manufacture five million tonnes of green hydrogen to meet its climate targets and become a production and export hub for the fuel by 2030.
India is increasingly looking towards hydrogen as an alternative source of fuel to reduce its carbon footprint and meet its growing energy needs.
Delivering his Independence Day address from the Red Fort on 15 August 2021, Prime Minister Narendra Modi formally announced the launch of a National Hydrogen Mission to accelerate plans to generate the carbon-free fuel from renewables as he set a target for India to achieve self-reliance in energy by 2047.
Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered because of the pandemic, but it did not reflect a “decisive shift” towards meeting the U.N.-backed climate goals, according to the BP’s annual energy review.
The natural gas sector in India today is at the threshold of rapid growth on the back of an increasing demand, increased exploration, large scale discoveries in the East Coast, build-up of LNG import terminals in the West Coast, new upcoming LNG import terminals and the development of a nationwide natural gas pipeline grid.
The consolidated debt of state Discoms has been estimated at Rs 6 trillion in FY 2021-22, according to ICRA.
The consolidated debt of state Discoms has been estimated at Rs 6 trillion in FY 2021-22, according to ICRA.