Topic
natural gas
Commodities India's natural gas share in primary energy supply rises to 7.12% in FY25
Natural gas accounted for a provisional 7.12% of India's primary energy supply in FY25, up from 7% in FY24 and around 6.7% in FY23, according to MoSPI's Energy Statistics 2026. The government also cited a PNGRB projection of 260-300 MSCMD gas demand by 2030, driven by CGD expansion, CNG adoption, PNG penetration, and industrial demand.
Commodities Eni and TotalEnergies Fast-Track Cronos Gas Project Offshore Cyprus for First Gas in 2028
Eni and TotalEnergies have taken the final investment decision to develop the Cronos gas field offshore Cyprus, with first gas expected in 2028. The project will transport gas to Egypt for liquefaction and export to Europe, supporting energy security and Eni's LNG portfolio expansion.
Commodities NSE to launch India's first domestic benchmark-based natural gas futures on July 27
The National Stock Exchange (NSE) will launch trading in Indian Natural Gas Futures on July 27, 2026, India's first exchange-traded energy derivative linked to a domestic benchmark. The cash-settled contract, under symbol NATGASIND, is based on the Indian Gas Exchange's Gujarat (Dahej) hub price and aims to provide transparent price discovery and risk management for the domestic natural gas market.
Commodities Government says household PNG prices remain stable despite higher LNG prices and West Asia crisis
The Indian government has stated that household piped natural gas (PNG) prices have been kept stable and affordable despite higher global liquefied natural gas (LNG) prices triggered by the West Asia crisis. The measures include a capped domestic gas price of USD 7 per MMBtu and allocation of 105% of previous quarter's consumption. The PNG network continues to expand, with over 1.70 crore connections as of May 31, 2026, though a target of 1.2 crore new households by March 2027 was not explicitly confirmed.
Commodities India Signed 8.4 mtpa of Long-Term LNG Contracts in 2025, Leading Global Buyer: GIIGNL
India was the most active buyer of long-term LNG contracts in 2025, signing 8.4 million tonnes per annum (mtpa) across six entities, according to the International Group of Liquefied Natural Gas Importers (GIIGNL). The global LNG contracting market saw 83 long-term sale purchase agreements (SPAs) totaling 71.6 mtpa, nearly double the 47 SPAs in 2024. The report also highlighted risks from the West Asia conflict, including an attack on Qatar’s Ras Laffan terminal and reliance on the Strait of Hormuz.
Commodities Nigeria-Morocco Atlantic Gas Pipeline: $25bn Mega Plan Gets Final Approval from 14 African Nations
West African leaders have formally endorsed the $25bn Nigeria-Morocco Atlantic Gas Pipeline, which will run 6,000km along the Atlantic coast of 14 nations, carrying 30 billion cubic metres of gas per year to Europe via Spain. Construction is expected to start in 2028. The project aims to stimulate regional industrial growth and boost Africa's global energy influence.
Commodities India overtakes Spain to become world's fourth-largest LNG regasification market with 52.5 mtpa capacity
India's LNG regasification capacity reached 52.5 million tonnes per annum (mtpa) in 2025, making it the fourth-largest market globally after Japan, China, and South Korea, according to the International Gas Union (IGU) World LNG 2026 report. Utilisation declined to 47% due to weaker summer imports and new capacity additions. The report also highlights the resilience of the global LNG market amid Middle East conflict and strong long-term demand drivers.
Commodities India faces potential natural gas supply curtailments of up to 1.5 mt/month amid West Asia conflict
India faces potential LNG supply curtailments of up to 1.5 million tonnes per month due to the West Asia conflict disrupting shipments through the Strait of Hormuz, according to Wood Mackenzie. The crisis is forcing fuel switching, fertilizer plant shutdowns, and power sector load shedding in South Asia. Asian LNG demand is forecast to decline for a second consecutive year in 2026.
Commodities India’s natural gas demand set to fall 8% in 2026 as West Asia conflict disrupts LNG imports
India’s natural gas demand is projected to decline roughly 8% year-on-year in 2026, driven by the West Asia conflict and Strait of Hormuz closure that disrupted LNG imports. The fertilizer sector leads the drop, while residential and commercial use rises. Domestic production continues to contract, pushing LNG imports up slightly despite supply disruptions.
Commodities India Lifts Emergency Natural Gas Curbs After Strait of Hormuz LNG Shipments Resume
The Indian Ministry of Petroleum and Natural Gas has withdrawn emergency provisions under the Natural Gas (Supply Regulation) Order, 2026, which had allowed prioritised allocation of domestic gas and imported LNG. The curbs were imposed in March 2026 following disruptions to LNG shipments via the Strait of Hormuz. Their removal follows a ceasefire in the West Asia conflict that has restored LNG flows through the strategic waterway.
Commodities IEA forecasts global natural gas demand to fall 0.5% in 2026 as higher prices curb consumption
The International Energy Agency (IEA) forecasts global natural gas demand to fall 0.5% in 2026, driven by higher prices curbing consumption from power generators and industry. The U.S.-Iran conflict has sharply reduced LNG flows through the Strait of Hormuz, pushing up benchmark prices in Europe and Asia. Asia gas demand fell 1% year-on-year in the first half of 2026 as fuel switching to coal accelerated.
Commodities Renewable Natural Gas Reaches Inflection Point as Cummins X15N Engine Gains Fleet Traction
Renewable natural gas (RNG) has reached an inflection point, driven by the Cummins X15N 15-liter natural gas engine, expanding OEM partnerships with PACCAR and Daimler, and a maturing fuel infrastructure. Clean Energy's Chad Lindholm reports over 1,000 RNG trucks on U.S. roads delivering comparable diesel performance at ranges up to 1,200 miles per day.
Commodities Global LNG trade hit record in 2025, but Middle East conflict clouds outlook, IGU says
Global LNG trade hit a record 436.98 million metric tons in 2025, up 6.3% year-on-year, driven by US exports and European imports, according to the International Gas Union. However, the IGU warned that conflict in the Middle East could lead to a contraction in 2026 due to damaged infrastructure and uncertainty for Asian buyers.
Commodities India launches first strategic natural gas storage amid West Asia supply disruptions
India has started developing its first strategic natural gas storage system, prompted by supply disruptions from the West Asia conflict. Public sector oil companies are evaluating underground salt caverns and cryogenic LNG tanks. A Petroleum Ministry committee is assessing storage options for LNG and LPG, while a CEEW study notes India imports nearly half its gas requirement without any dedicated strategic storage.
Commodities India lifts gas supply restrictions as LNG flow through Strait of Hormuz resumes
The Indian government has withdrawn its March 2026 order regulating natural gas supply, allowing normal LNG imports to resume as Strait of Hormuz reopens after a ceasefire. The emergency measures had prioritised supply for domestic PNG and CNG while reducing fertiliser sector allocations. India, the fourth-largest LNG importer, sources 41.4% of its LNG from Qatar.
Commodities India and Japan to Sign LNG Security Pact Amid Global Supply Disruptions
India and Japan are set to sign an agreement to strengthen LNG supply security during the annual summit between PM Modi and PM Takaichi. The pact includes a joint task force for stockpiling and information-sharing, amid ongoing global supply chain disruptions.
Commodities Deadly Ras Laffan Blast Raises Fresh Questions Over Qatar LNG Recovery Pace
An explosion at the Barzan gas facility within Qatar's Ras Laffan complex killed 13 workers and injured 66. QatarEnergy insists LNG exports remain unaffected, but the incident adds uncertainty to the recovery from earlier missile strikes that knocked out two LNG trains. Asian buyers and LNG shipping markets are closely watching for further setbacks.
Commodities India Has Over 60 Days of Crude and Gas Stocks, Hardeep Puri Rules Out Energy Crunch
India holds over 60 days of crude and natural gas stocks and 75-80 days of LPG, according to Union Minister Hardeep Singh Puri. Domestic LPG production has risen sharply, and fuel prices have fallen 3.1% since May 2022, contrasting with steep increases in other nations. The minister also outlined a push for E85 fuel pumps and piped natural gas.
Commodities U.S. Approves $5B Offshore LNG Export Platform Amid Historic Regulatory Mileston
Federal regulators have approved the first-ever offshore LNG export terminal, a $5 billion project by Delfin Midstream. The platform, located 40 miles off Louisiana, will eventually export 1.8 billion cubic feet per day. Other stories include Amazon's LTL expansion, countervailing duties on Chinese and Mexican trailers, and a 30% surge in cargo theft.
Commodities OIL Discovers Natural Gas in Third Andaman Exploratory Well
Oil India Limited (OIL) has discovered natural gas in its third exploratory well in the Andaman offshore block, indicating significant hydrocarbon potential. This discovery follows a similar find in the second well, prompting further exploration activities.
Commodities Oil India Uncovers Natural Gas in Andaman Sea
Oil India Limited has discovered natural gas in the Andaman Sea, marking a significant advancement in India's offshore exploration. This discovery is part of the Samudra Manthan Mission, aimed at expanding deepwater exploration.