India sets out multi-faceted reform to support gas
New Delhi is set to implement a new pipeline tariff policy to complement its first trading exchange and under-construction distribution network, to further boost the use of gas
The Indian government announced further measures during June to raise the share of gas in the country’s energy mix. The target is to increase the contribution of gas from c.6pc to 15pc by 2030. In mid-June, oil minister Dharmendra Pradhan and the Petroleum and Natural Gas Regulatory Board (PNGRB) announced that a new pipeline tariff policy would soon be unveiled to rationalise gas prices across the country. India also launched its first gas trading exchange, which will enable entities such as Shell and Dutch and Singaporean commodities trading houses Vitol and Trafigura to sell LNG directly to domestic customers at spot and forward market rates. PNGRB recently permitted the setting up of LNG
Also in this section
6 March 2025
A timebomb in copper mining should prompt policymakers to rethink road transport before battery-electric vehicles go down a dangerous dead end
5 March 2025
The oil alliance’s decision to keep to the plan amid tightening economic fundamentals seems to have been lost in the global geopolitical maelstrom, misplaced market speculation and haze of conjecture
5 March 2025
Petronas is making huge efforts to arrest falling oil production and accelerate gas increases to meet rising demand, but political tensions persist
5 March 2025
Plans to boost capacity have seen little progress as the country lags behind other major oil consumers and importers
