Natural 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.
Essar to increase oil, gas exploration in Vietnam's Ken-Bau basin
Essar Exploration and Production is an emerging player in natural gas exploration and production worldwide. It and Ente Nazionale Idrocarburi have a significant investment in Block 114, located in the offshore area of central Vietnam. On Sunday, the Chairman of the National Assembly of Vietnam Vuong Dinh Hue, and Deputy Prime Minister Le Manh Hung met Ravi Ruia and Prashant Ruia, two senior most officials at Essar.
India to step up oil exploration, production in very big way: Hardeep Puri
"As far as the government of India is concerned, we are going to step on the accelerator in terms of exploration and production in a very big way," Puri said after opening the India pavilion at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) on Monday. India will double its oil and gas exploration acreage in the northeast part of the country.
After oil, gas price may see surge upsetting CNG, PNG rates
As per an assessment of the gas market done by Kotak Institutional Equities (KIE), domestic gas price are expected to more than double to $6.6-7.6/million BTU in 1HFY23E from the current level of $3.2/million BTU available during 2HFY22.
Increased consumption prompts higher natural gas imports: Ind-Ra
"Ind-Ra believes that 11.8 per cent month-on-month (MoM) growth in liquified natural gas (LNG) import volume to 93 metric standard cubic metre per day (mmscmd) in June 2021 was led by 7.7 per cent MoM growth in domestic gas consumption to 166 mmscmd," the report said. "In June 2021, the city gas distribution segment volumes increased 61.2 per cent YoY and 10.3 per cent MoM to 28.9mmscmd."
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