Oil & gas sector outlook 2026: Higher brent prices seen boosting upstream firms, hurting OMC marginsGlobal oil markets have shifted dramatically. Geopolitical tensions have caused a surge in Brent crude prices. Supply disruptions are a maj...
LPG under-recoveries may hit Rs 80,000 crore in FY2027 amid West Asia disruptions: ICRAIndian oil companies face significant financial strain. LPG under-recoveries may reach Rs 80,000 crore by FY2027. Supply disruptions and hi...
Upstream oil and gas producers to shine in Q4, but OMCs and gas distributors face profit squeezeOil producers anticipate robust earnings for the March quarter due to soaring crude prices. Conversely, fuel retailers and city gas firms f...
Gujarat Gas rises 7% after Nomura upgrade. Is the Iran war a buying opportunity?Gujarat Gas shares saw a significant jump after a major brokerage upgraded the stock. The US-Iran conflict is creating supply chain disrupt...
Iran war forces city gas firms to redraw strategies amid gas supply squeeze, shift focus to PNG expansionCity gas companies are shifting focus to domestic gas and accelerating pipeline construction due to supply disruptions from the Iran war. T...
100% domestic LPG, PNG supply ensured amid West Asia crisis: GovtIndia has successfully maintained full supply of Piped Natural Gas and Liquefied Petroleum Gas for homes. This was achieved by prioritising...
Government pushes faster PNG rollout amid Gulf crisisIndia is pushing for more piped gas connections. Oil Secretary Neeraj Mittal has asked city gas companies to speed up adding household conn...
India looks to turn LPG import crisis into push for piped gasIndia is using the LPG supply disruption triggered by the Iran war to tighten distribution, reduce leakages and accelerate a shift to piped...
Govt shares key updates on oil, gas shortage, shipping & more amid Israel-Iran warIndia is actively managing its oil and gas supplies amidst global conflicts. Key LPG carriers are en route, and the nation is prioritizing ...
CGD stocks slump up to 31% in a year. Can LPG crisis fuel fresh interest in IGL, GAIL, and others?City gas distribution stocks have fallen up to 31% amid an LPG crisis, with the government pushing PNG connections. Despite technical weakn...
PNGRB directs City Gas Distributors to provide connections to institutions, community ktichens within 5 daysThe Petroleum and Natural Gas Regulatory Board (PNGRB) has issued an order directing all the City Gas Distribution (CGD) entities to provid...
India suggests measures to ease 'still worrying' LPG crisis, offers 10% more commercial allocation to statesThe Indian government has expressed concern over the LPG situation, offering states an additional 10% allocation of commercial LPG. This in...
India's city gas distribution sales face 8-10% dip due to West Asian conflict: CrisilIndia's city gas sales face an 8-10% dip due to West Asian conflict impacting LNG imports. While industrial and commercial users will see s...
Citizen-generated data to aid tracking of SDGsThe ministry of statistics and programme implementation (MoSPI) plans to use citizen-generated data (CGD) for monitoring sustainable develo...
Derating cycle may end for gas distributorsUnder the new policy, third party open access has been allowed for new CNG stations after the date of notification while the existing facil...
Gujarat to become 1st state with 100% piped gas networkGujarat has also decided to offer a subsidy to households belonging to weaker economic sections of society to avail cooking gas through CGD...
- RIL, R-ADAG keen to take on city gas supply leaders
The Ambani brothers have joined hands - to promote competition in city gas distribution (CGD) projects in the country.