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2018-02-09 10:50:00

INDIA NEED LNG

INDIA NEED LNG

REUTERS - India's push to more than double the share natural gas has in its energy mix to 15 percent by 2022 will require a huge increase in imports and the construction of more LNG terminals, a government official said on Wednesday.

India has four terminals to receive liquefied natural gas (LNG) and imports around 20 million tonnes of the super-chilled fuel a year. But over the next seven year the government plans to build another 11 terminals, said Narendra Taneja, spokesman for the ruling Bharatiya Janata Party (BJP).

That would raise India's LNG import capacity to more than 70 million tonnes per year in the coming seven years, in what would be one of the fastest gas import expansions since China embarked on its huge gasification programme last year.

India would eventually require even more than 15 terminals to meet its demand, Taneja said, speaking at an industry conference in Bali, Indonesia.

"India is looking at LNG in a very strategic manner. Once we get into it, we are talking about 15 terminals but it will be many more as the need is going to be there," he said.

India has stated it plans to raise the share of natural gas in its energy mix to 15 percent by 2022 from about 6.5 percent now, he said.

The 70 million-tonnes-a-year target a few years later would mean Indian would need to import more than China took last year via both pipelines and tankers, and it would put India close to what top importer Japan currently buys.

India plans to electrify millions of households that still burn wood for light, heat and cooking. Like China, it also plans to reduce its heavy reliance on thermal coal, a bigger polluter than gas.

Taneja said the gas would also be needed to provide power to electric vehicles, which India plans to account for all new car sales by 2030.

India is also pushing for more scooters and motorcycles to run on compressed natural gas (CNG), with pilot schemes recently launched in major cities including New Delhi and Mumbai.

Beyond LNG, India is looking to access untapped domestic gas reserves off its east coast.

As part of its drive to reduce pollution by increasing natural gas use, Taneja said the government was encouraging Indian railway companies and LNG importers to look at fuelling trains by LNG instead of diesel.

India also wants to become a hub for supplying ships that run on LNG, with plans to build more facilities like a fuelling station at Kochi port, Taneja said.

LNG as a shipping fuel is being pushed by International Maritime Organization (IMO) rules that come into effect by 2020 and require the use of cleaner fuels.

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Earlier:

 S-E.Asia
2018, February, 7, 07:55:00

INTEGRATED INDIAN OIL

PLATTS - "The integrated entity will have the capacity to neutralize the impact of volatility in global crude oil prices," said oil minister Dharmendra Pradhan. "The integrated entity will have the advantage of having enhanced capacity to bear higher risks and take higher investment decisions."

 

 S-E.Asia
2018, January, 12, 13:00:00

ТРАНСФОРМАЦИЯ МИРОВОГО РЫНКА

МИНЭНЕРГО РОССИИ - На энергетическом рынке происходят существенные трансформации, появляются новые технологии, что в итоге приводит к изменению энергобаланса. В частности, за последние 10 лет добыча газа в мире выросла на 20% -- до 580 млрд м3, его доля в энергобалансе расширилась с 21 до 22%. При этом мировая торговля газом за тот же период увеличилась на 42%, или на 313 млрд м3.

 

 S-E.Asia
2018, January, 10, 12:50:00

THE SLOWEST INDIA'S OIL DEMAND

BLOOMBERG - The nation’s consumption of petroleum products rose 2 percent to about 200 million tons, the Oil Ministry’s Petroleum Planning and Analysis Cell said Wednesday. That’s the slowest since 2013, when demand grew 1.7 percent while global oil prices averaged about $109 a barrel, almost double last year’s level.

 

 S-E.Asia
2017, December, 27, 12:35:00

INDIA'S STRONG GROWTH

IMF - Since the 2011 Financial Sector Assessment Program (FSAP), India has recorded strong growth in both economic activity and financial assets, supported by important structural reforms and terms of trade gains.

 

 S-E.Asia
2017, December, 27, 12:30:00

INDIA'S LPG UP

REUTERS - Shipping data in Thomson Reuters Eikon shows LPG shipments to India will reach 2.4 million tonnes in December, pushing it ahead of top importer China, on 2.3 million tonnes, for the first time.

 

 S-E.Asia
2017, November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

 

 S-E.Asia
2017, November, 1, 13:25:00

INDIA'S GAS WILL UP TO 15%

Prime Minister Narendra Modi’s government wants to raise the share of natural gas in India’s energy mix to 15 percent in the next few years from about 6.5 percent now.

Tags: INDIA, LNG, GAS

Chronicle:

INDIA NEED LNG
2018, May, 23, 10:50:00

OIL PRICE: ABOVE $79 ANEW

REUTERS - Brent LCOc1 futures fell 43 cents, or 0.5 percent, to $79.14 a barrel by 0218 GMT, after climbing 35 cents on Tuesday. Last week, the global benchmark hit $80.50 a barrel, the highest since November 2014. U.S. West Texas Intermediate (WTI) crude CLc1 futures eased 25 cents, or 0.4 percent, to $71.95 a barrel, having climbed on Tuesday to $72.83 a barrel, the highest since November 2014.

INDIA NEED LNG
2018, May, 23, 10:45:00

HARD OIL MARKET

FT - Most oil majors can now cover dividends and capital expenditure at prices around $50 per barrel, meaning that, at $80, they make a healthy surplus.

INDIA NEED LNG
2018, May, 23, 10:40:00

U.S. THE WORLD'S TOP

EIA - The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high. The United States has been the world's top producer of natural gas since 2009, when U.S. natural gas production surpassed that of Russia, and the world's top producer of petroleum hydrocarbons since 2013, when U.S. production exceeded Saudi Arabia’s. Since 2008, U.S. petroleum and natural gas production has increased by nearly 60%.

INDIA NEED LNG
2018, May, 23, 10:35:00

U.S. - CHINA ENERGY TRADE

PLATTS - China became the largest contributor to global LNG consumption growth in 2017. It surpassed South Korea as the world's second largest LNG importer and its share of global LNG demand is expected to converge with that of Japan by 2030.

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