June 2022

While many Western buyers are avoiding Russian crude in response to its invasion of Ukraine, Indian private refiners such as Reliance and Nayara have been among the biggest buyers this year of discounted Russian supplies.

The war in Ukraine has triggered a scramble among some countries to buy more non-Russian fossil fuels and burn coal to cut their reliance on Russian supplies.

Gazprom completely suspends gas supplies to Netherlands’ GasTerra B.V. due to failure to pay in rubles

Renewable energy now forms a quarter of India’s total installed power capacity – 110 gigawatts (GW) as of March 2022 – and accounts for 13% of the country’s electricity generation.

India imported 84% of its oil needs and 54% of its gas needs in 2020. After coal (44%), oil represented 44% of the country’s total consumption in 2020, against 6% for natural gas.

The Vietnamese government has agreed to increase the capacity of the Sơn La hydropower plant on the Black River in Ít Ong, Mường La District, Sơn La Province, from 2.4 GW to 3.2 GW.