JANROHLANDER

Indian Oil Corporation has issued a tender for a liquefied natural gas cargo. The delivery is scheduled for January 20. The cargo is expected to arrive at the Dahej terminal. The tender process will conclude on December 9. This move signals India’s ongoing energy procurement efforts.

In a booming trend, Indian city gas companies are swiftly increasing the number of CNG stations, surpassing their initial targets. Yet, there remains a gap in household piped-gas connections, largely due to the straightforward nature of establishing CNG outlets compared to the intricate, labor-intensive process needed for household pipeline installations.

India will continue purchasing oil from any source that proves profitable, prioritising its economic interests. This statement follows Russian President Vladimir Putin’s offer of uninterrupted fuel supplies to India. The two nations also agreed to strengthen trade and defense cooperation.

Japan’s top power generator JERA has signed its first long-term LNG export deal with India’s Torrent Power, supplying four cargoes annually for 10 years starting 2027. The LNG will fuel Torrent Power’s 2,730 MW power plants and be sold to households, small industries, and the transport sector.

Cairn Oil & Gas, part of Vedanta Group, has invited global partners to participate in multiple projects under its $5 billion investment plan for the next 2–3 years. The company, which holds interests in 55 blocks, is seeking international rig partners to provide and operate advanced rigs for 12 drilling sites, and is looking for…

Kugelman’s remarks come after Russian President reaffirmed Russia’s long-standing energy partnership with India, declaring that Moscow will remain a steady, uninterrupted supplier to New Delhi’s fast-growing economy, during his joint press address with Prime Minister Narendra Modi.

India-Russia oil trade: Even January’s low is well above pre-war levels. More significantly, according to traders and refiners, volumes could rebound as unsanctioned suppliers squeeze in and a vast number of new trading intermediaries appear.

ONGC Videsh Ltd, the overseas investment arm of India’s top explorer ONGC, and other state-run Indian companies have not been able to repatriate about $800 million in dividends from stakes in Russian energy assets due to sanctions, industry sources told Reuters.