Natural gas
EOGEPL Q4 FY22 results: Revenue rises 118% YoY to Rs 148 crore
The company had posted a revenue of Rs 68 crore for the same quarter previous fiscal. Core EBITDA grew by 32 per cent QoQ to Rs 115 crore from Rs 87 crore in the same quarter previous fiscal. Sales volume grew by 42 per cent YoY whereas sales price realization increased by 55 per cent YoY and Gas production grew by 17 per cent YoY at 0.77 mmscmd.
Austria will pay in rubles for Russian gas
Karl Nehammer said at a press conference, "We, that is, (state energy company) OMV, accepted the terms of payment, as did the German government. They (the terms) were found to be in line with the terms of the sanctions. For us, this was important," RT reported. Nehammaer added, however, that Austria still supports Ukraine-related anti-Russia sanctions.
Natural gas demand seen up 12-14% next fiscal despite high prices: Crisil
The domestic demand for natural gas is seen rising by 12-14 per cent next fiscal, despite prices remaining high for the past several months, said ratings agency Crisil. According to it, this trend is supported by economic recovery and lower-than-usual inventories in key European consumption centres. Besides, Russia's invasion of Ukraine, which began in February 2022, drove already-elevated gas prices even higher, Crisil said.
Soaring LNG prices likely to drive up India's Rs 1 tn fertiliser subsidy
India's heavy reliance on imported Liquified Natural Gas (LNG) as a fertiliser feedstock exposes the nation's balance sheet to ongoing global gas price hikes, increasing the government's fertiliser subsidy bill, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) said on Monday.
'Sustained Russia-Ukraine conflict likely to raise gas prices'
Global gas prices are expected to rise if any material and sustained escalation in the conflict between Russia and Ukraine puts constraints on Russia's gas exports, global financial services provider firm Moody's Analytics said.Russia is the world's largest exporter of gas.
Russia's Nord Stream 2 pipeline ready to pump gas to Europe
Gazprom has completed filling the second string of the Nord Stream 2 pipeline with gas, and both strings with sufficient pressure are fully ready for use, Miller said on Wednesday. "Now, of course, everything depends on our partners, consumers in Europe. As soon as they agree, large additional volumes of Russian gas will immediately begin to flow to Europe," Putin said. The launch of the Nord Stream 2 pipeline will lower gas prices on the spot market, he predicted.
Pakistan's gas crisis to worsen as LNG company defaults
From December 15, the government has already cut gas supply to the export sector in Punjab apart from shutting down the non- export industry and CNG sector. So much so, the domestic consumers are also facing massive shortages across the country even at breakfast, lunch and dinner times and people are forced to purchase food, roti, naan and even tea from hotels at higher prices.
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