Energy News Monitor Volume XVI Issue 17
Energy News Monitor | Volume XVI; Issue 17
Oil News Commentary: September 2019
India
The decrease in automobile sales abroad, combined with the abundant rainfall and floods in some areas in Japan, can eventually catch up with the Indian diesel fuel demand, which has fallen to the lowest level in August. The fact that it reached 6, 11. 000 tons was shown in the data published by the Statistics Division of the Petroleum Ministry PPAC. In August 2019, fuel demand was 1, 13 % down to 6116. 000 tons. India's total oil consumption increased 2, 78 % yea r-o n-month to 17. 000 tons, but consumption was the lowest in the last eight months. It seems that the decline in car sales did not affect the demand in domestic gasoline, which has increased for the second consecutive year. In August, gasoline demand increased by 9 % to 2. 574. Liquefied gas demand increased by 13 % to 2. 3960, 000 tons, but this is an aggressive to achieve liquefied gas connection targets with 80 million units of OMC. This is because we are doing some activities. ATF demand in August fell from 686 tons in the same month last year to 681 tons. According to OPEC, Indian oil demand will increase at the fastest pace in the world from this year to next year, despite the deceleration of economic growth. According to OPEC forecasts, Indian oil demand in 2019 increased 3. 21 % yea r-o n-year. < SPAN> The decline in automobile sales abroad, combined with the abundant rainfall and floods in some areas in Japan, the possibility of finally catching up with Indian diesel fuel demand, which has fallen to the lowest level in August. The reach of 6, 11. 000 tons was shown in the data published by the Statistics Division of the Petroleum Ministry. In August 2019, fuel demand was 1, 13 % down to 6116. 000 tons. India's total oil consumption increased 2, 78 % yea r-o n-month to 17. 000 tons, but consumption was the lowest in the last eight months. It seems that the decline in car sales did not affect the demand in domestic gasoline, which has increased for the second consecutive year. In August, gasoline demand increased by 9 % to 2. 574. Liquefied gas demand increased by 13 % to 2. 3960, 000 tons, but this is an aggressive to achieve liquefied gas connection targets with 80 million units of OMC. This is because we are doing some activities. ATF demand in August fell from 686 tons in the same month last year to 681 tons. According to OPEC, Indian oil demand will increase at the fastest pace in the world from this year to next year, despite the deceleration of economic growth. According to OPEC forecasts, Indian oil demand in 2019 increased 3. 21 % yea r-o n-year. The decrease in automobile sales abroad, combined with the abundant rainfall and floods in some areas in Japan, can eventually catch up with the Indian diesel fuel demand, which has fallen to the lowest level in August. The fact that it reached 6, 11. 000 tons was shown in the data published by the Statistics Division of the Petroleum Ministry PPAC. In August 2019, fuel demand was 1, 13 % down to 6116. 000 tons. India's total oil consumption increased 2, 78 % yea r-o n-month to 17. 000 tons, but consumption was the lowest in the last eight months. It seems that the decline in car sales did not affect the demand in domestic gasoline, which has increased for the second consecutive year. In August, gasoline demand increased by 9 % to 2. 574. Liquefied gas demand increased by 13 % to 2. 3960, 000 tons, but this is an aggressive to achieve liquefied gas connection targets with 80 million units of OMC. This is because we are doing some activities. ATF demand in August fell from 686 tons in the same month last year to 681 tons. According to OPEC, Indian oil demand will increase at the fastest pace in the world from this year to next year, despite the deceleration of economic growth. According to OPEC forecasts, Indian oil demand in 2019 increased 3. 21 % yea r-o n-year.
RBI stated that the global growth, trade, and geopolitical tensions are now a major threat to the Indian economy, and fluctuations in crude oil prices can still expand the deficit. If drone attacks on Saudi oil facilities continue to rise, crude oil prices may increase at least 500 million rupees in Air India. The monthly fuel cost of a stat e-owned airline is about 5 billion rupees. Rupy. If crude oil prices rose by 10 % from $ 60 per barrel, the billing amount may increase by 500 million rupees. The drone attack targeted Saudi Arabia's stat e-owned oil company Aramco's major oil production, and Saudi Arabia's cool rice oil field. With the soaring of crude oil prices, the airline's promotion in the market fell. It is said that crude oil prices showed the largest rising in one day since the 1991 Wangan War. India's strategic oil stockpiling accounts for 55 % of the inexpensive underground storage capacity of 5. 33 million tons. India's strategic reserves are located in three cities: Vizag, Mangalor, and Padur in the southern part. The Indian government has stated that Saudi Arabia has guaranteed a continuous supply to Refinery in India.
The government aims to reduce oil import costs per year by raising the price of ethanol mixed with gasoline to 1, 84 rupees per liter and widely used for automobile fuel. 。 The local government OMC purchases ethanol from sweeteners at a high rate to mix gasoline before December 1. Ethanol from heavy molasses C was raised by 0. 29 rupees / liter, and it was 43. 75 rupees, and ethanol from "heavy molasses B", which is also known as an intermediate molasses, was raised by 1. 84 rupees to 54. 27 rupees. With raising tariffs, the amount of ethanol purchases from December 2019 to November 2020 will increase from 2 billion liters in the previous year to 2. 6 billion liters. The percentage of ethanols added to gasoline will increase from about 6 % of real-time to 7 % in the right year and 10 % in 2021-2022. From 2018 to 2019, India spent $ 112 billion to import 226 million tons of wet oil. In real time, gasoline contains 6 % of ethanol.
India signed a no n-agreement with Russia and confirmed that Indian companies were interested in acquiring oil field interests in the Far East of the former Soviet Union. Indian companies have Russian deposit shares such as Sakhalin 1, Tarth Ylyf, and Vancol. The eastern cluster and the Bostok project are one of the pine groups near the Vancol project in the Arctic and Far East Russia. According to Rosnefuchi representatives, the Bostok project will enable the unique resource potential of the Arctic cluster. By 2030, petroleum production in cluster may reach 100 million tons. India has already imported a small amount of oil from Russia, but plans to increase its supply through new routes connecting Vladivostok and Chennai. India has resumed negotiations for Indian companies, mainly ONGC Videsh LTD, receiving about 49 % of the Russian deposits share from Van Corsk clusters. Ros Fnet is interested in strengthening India's energy security and providing hig h-quality raw materials and crude oil to the country. < SPAN> India signed a no n-agreement with Russia and confirmed that Indian companies are interested in acquiring oil field interests in the Far East of the former Soviet Union. Indian companies have Russian deposit shares such as Sakhalin 1, Tarth Ylyf, and Vancol. The eastern cluster and the Bostok project are one of the pine groups near the Vancol project in the Arctic and Far East Russia. According to Rosnefuchi representatives, the Bostok project will enable the unique resource potential of the Arctic cluster. By 2030, petroleum production in cluster may reach 100 million tons. India has already imported a small amount of oil from Russia, but plans to increase its supply through new routes connecting Vladivostok and Chennai. India has resumed negotiations for Indian companies, mainly ONGC Videsh LTD, receiving about 49 % of the Russian deposits share from Van Corsk clusters. Rosfnet is interested in strengthening Indian energy security and providing hig h-quality raw materials and crude oil to the country. India signed a no n-agreement with Russia and confirmed that Indian companies were interested in acquiring oil field interests in the Far East of the former Soviet Union. Indian companies have Russian deposit shares such as Sakhalin 1, Tarth Ylyf, and Vancol. The eastern cluster and the Bostok project are one of the pine groups near the Vancol project in the Arctic and Far East Russia. According to Rosnefuchi representatives, the Bostok project will enable the unique resource potential of the Arctic cluster. By 2030, petroleum production in cluster may reach 100 million tons. India has already imported a small amount of oil from Russia, but plans to increase its supply through new routes connecting Vladivostok and Chennai. India has resumed negotiations for Indian companies, mainly ONGC Videsh LTD, receiving about 49 % of the Russian deposits share from Van Corsk clusters. Ros Fnet is interested in strengthening India's energy security and providing hig h-quality raw materials and crude oil to the country.
The government has appointed ONGC as a Panna-Mukta oil field operator after a contract between RIL and SHELL expires in December. RIL and shell are 30 % in PMT oil fields, and ONGC invests 40 %. Tapti oil fields stopped production three years ago, and since the production volume decreased sharply in the other two oil fields, RIL and Shell will not decide to pass the oil field after the 2 5-year leasing agreement in December. I got it. As a result, the government ordered ONGC to manage Panna oil fields and Mukuta oil fields with two private companies on December 21. ONGC prepares a team that manages oil fields to transfer these two oil fields. After that, ONGC r e-evaluates the oil field and determines the investment requirements. The production of these oil fields is subject to royalties and taxes as well as the production of oil fields. According to RIL's financial results, the production volume of Panna oil fields and Mukta oil fields was 08. 4 billion barrels for wet oil and 11. 2 billion-foot for natural gas. Tapti's production capacity has already been transferred to ONGC. The PMT oil field, located near the Bombay High Oil field, was not closed by ONGC, but in 1994, as part of the government's privatization program, its use was transferred to the RIL and Enron consortium. Most of Enron is currently owned by a shell. RIL and shell are currently ruling about oil and gas development projects. < SPAN> The government has appointed ONGC as a Panna-Mukta oil field operator after the contract between RIL and SHELL expires in December. RIL and shell are 30 % in PMT oil fields, and ONGC invests 40 %. Tapti oil fields stopped production three years ago, and since the production volume decreased sharply in the other two oil fields, RIL and Shell will not decide to pass the oil field after the 2 5-year leasing agreement in December. I got it. As a result, the government ordered ONGC to manage Panna oil fields and Mukuta oil fields, which two private companies withdrew, on December 21. ONGC prepares a team that manages oil fields to transfer these two oil fields. After that, ONGC r e-evaluates the oil field and determines the investment requirements. The production of these oil fields is subject to royalties and taxes as well as the production of oil fields. According to RIL's financial results, the production volume of Panna oil fields and Mukta oil fields was 08. 4 billion barrels for wet oil and 11. 2 billion-foot for natural gas. Tapti's production capacity has already been transferred to ONGC. The PMT oil field, located near the Bombay High Oil field, was not closed by ONGC, but in 1994, as part of the government's privatization program, its use was transferred to the RIL and Enron consortium. Most of Enron is currently owned by a shell. RIL and shell are currently ruling about oil and gas development projects. The government has appointed ONGC as a Panna-Mukta oil field operator after a contract between RIL and SHELL expires in December. RIL and shell are 30 % in PMT oil fields, and ONGC invests 40 %. Tapti oil fields stopped production three years ago, and since the production volume decreased sharply in the other two oil fields, RIL and Shell will not decide to pass the oil field after the 2 5-year leasing agreement in December. I got it. As a result, the government ordered ONGC to manage Panna oil fields and Mukuta oil fields with two private companies on December 21. ONGC prepares a team that manages oil fields to transfer these two oil fields. After that, ONGC r e-evaluates the oil field and determines the investment requirements. The production of these oil fields imposes royalties and taxes as well as the production of oil fields. According to RIL's financial results, the production volume of Panna oil fields and Mukta oil fields was 08. 4 billion barrels for wet oil and 11. 2 billion-foot for natural gas. Tapti's production capacity has already been transferred to ONGC. The PMT oil field, located near the Bombay High Oil field, was not closed by ONGC, but in 1994, as part of a government privatization program, its use was transferred to RIL and Enron Consortium. Most of Enron is currently owned by a shell. RIL and shell are currently ruling about oil and gas development projects.
The IOC, an Indian major oil refining and retailer, aims to increase the amount of wet oil imports from the United States this year. In real time, the IOC has signed an emergency agreement this year to supply 4. 6 million tons of US crude oil. This includes the Iran of Iran, which has been lost by the repeated disposal of the United States. In October 2017, when Washington began to strengthen its own transactions against Iran, which was the top three of the huge oil supply countries to India, the company was purchased in the spot market and made US petroleum. Approved the need to import. India proposed a characteristic cooperation energy project with the Russian Federation, opened a new route from Vladivostok to Chennai, and opened a permanent import of Russian oil. The IOC plans to prepare BS-VI fuel by April 1, 2020. The IOC plans to prepare BS-VI fuel by April 1, 2020. The Rumpun terminal has a perfect facility to start supply under the BS-VI standard, and the company plans to own a product in February 2020. Concerns about cars have begun the release of cars that were already suitable for BS-VI standards, and their transportation methods had all the opportunities to actually operate as flammable BS-IV, for example. 。 < SPAN> IOC, an Indian major oil refining and retailer, aims to increase the amount of wet oil from the United States this year. In real time, the IOC has signed an emergency agreement this year to supply 4. 6 million tons of US crude oil. This includes the Iran of Iran, which has been lost by the repeated disposal of the United States. In October 2017, when Washington began to strengthen its own transactions against Iran, which was the top three of the huge oil supply countries to India, the company was purchased in the spot market and made US petroleum. Approved the need to import. India proposed a characteristic cooperation energy project with the Russian Federation, opened a new route from Vladivostok to Chennai, and opened Russian oil permanently. The IOC plans to prepare BS-VI fuel by April 1, 2020. The IOC plans to prepare BS-VI fuel by April 1, 2020. The Rumpun terminal has a perfect facility to start supply under the BS-VI standard, and the company plans to own a product in February 2020. Concerns about cars have begun the release of cars that were already suitable for BS-VI standards, and their transportation methods had all the opportunities to actually operate as flammable BS-IV, for example. 。 The IOC, an Indian major oil refining and retailer, aims to increase the amount of wet oil imports from the United States this year. In real time, the IOC has signed an emergency agreement this year to supply 4. 6 million tons of US crude oil. This includes the Iran of Iran, which has been lost by the repeated disposal of the United States. In October 2017, when Washington began to strengthen its own transactions against Iran, which was the top three of the huge oil supply countries to India, the company was purchased in the spot market and made US petroleum. Approved the need to import. India proposed a characteristic cooperation energy project with the Russian Federation, opened a new route from Vladivostok to Chennai, and opened Russian oil permanently. The IOC plans to prepare BS-VI fuel by April 1, 2020. The IOC plans to prepare BS-VI fuel by April 1, 2020. The Rumpun terminal has a perfect facility to start supply under the BS-VI standard, and the company plans to own a product in February 2020. Concerns about cars have begun the release of cars that were already suitable for BS-VI standards, and their transportation methods had all the opportunities to actually operate as flammable BS-IV, for example. 。
OMCs are calling these issues excise duties and they are an impediment to the civil aviation ministry's intention to streamline the surcharge airlines have to pay for rising reactive fuels or ATFs at Indian airports. In real time, airlines have to pay the tax on certain offers like "Access Camps", "Aircraft Training Camps" and "Fuel Infrastructure Charge" while bringing their aircraft to each airport. The government said that if the direct charging system is implemented, airlines will save Rs 4, 000 crore. It will save Rs 4, 000 crore. In India, ATFs account for nearly 40% of the total airline revenue. The first OMCS IOC, HPCL and BPCL committee said that the government will not try to reject tax revenues that end up in scheme account transactions. BPCL and HPCL continue to import petrol to make up for the unchanging supply shortfall, while their oil patching plants continue to technically overhaul and modernize to produce more non-laminate fuels. BPCL bought 20. 000 tonnes of petrol at Kandur between September 16-18. HPCL has bought over 155. 000 tonnes, showing a big appetite for this combustible fuel.
The $1 billion refinery being built in Mongolia with Indian assistance is expected to be completed by December 2022 and meet three-quarters of Mongolia's oil. Engineers India Ltd is providing engineering and consulting services for this elite refinery project in Mongolia, which is expected to be completed by December 2022 and meet three-quarters of Mongolia's oil.
India and Nepal have officially opened oil pipelines across South Asia's first border. The plan is thought to be part of New Delhi's efforts to increase its influence in Nepal, located in the Himalayas. India has funded 3. 24 billion dollars ($ 45 million) to provide funds to the oil pipeline plan, assuming 2 million tons a year, so that Nepal can import fuel from India at low cost. It is. India is the only country that supplies petroleum to Nepal, and is a rea l-time supply to Nepal, which cannot access the sea. The IOC's 69 km pipeline, which IOC was built with the Nepal Oil Corporation, was completed 15 months earlier than the deadline. Oil is transported from Moti Harry in eastern India to Moti Harry to Amrecge in Nepal. Nepal consumed 2. 66 million tons of oil and food production gas is 480, 000 tons, and they are transported in real time in a hal f-dry Indian warehouse to any location in Nepal. According to the Nepal Oil Corporation supporters, the construction of a pipeline can reduce fuel transport costs by $ 8. 7 million a year. < SPAN> India and Nepal have officially opened oil pipelines across South Asia's first border. The plan is thought to be part of New Delhi's efforts to increase its influence in Nepal, located in the Himalayas. India has funded 3. 24 billion dollars ($ 45 million) to provide funds to the oil pipeline plan, assuming 2 million tons a year, so that Nepal can import fuel from India at low cost. It is. India is the only country that supplies petroleum to Nepal, and is in real time supplying the road to Nepal, which is not accessible to the sea. The IOC's 69 km pipeline, which IOC was built with the Nepal Oil Corporation, was completed 15 months earlier than the deadline. Oil is transported from Moti Harry in eastern India to Moti Harry to Amrecge in Nepal. Nepal consumed 2. 66 million tons of oil and food production gas is 480, 000 tons, and they are transported in real time in a hal f-dry Indian warehouse to any location in Nepal. According to the Nepal Oil Corporation supporters, the construction of a pipeline can reduce fuel transport costs by $ 8. 7 million a year. India and Nepal have officially opened oil pipelines across South Asia's first border. The plan is thought to be part of New Delhi's efforts to increase its influence in Nepal, located in the Himalayas. India has funded the oil pipeline plan with 3. 24 billion dollars ($ 45 million), assuming 2 million tons per year, so that Nepal can import fuel from India at low cost. It is. India is the only country that supplies petroleum to Nepal, and is a rea l-time supply to Nepal, which cannot access the sea. The IOC's 69 km pipeline, which IOC was built with the Nepal Oil Corporation, was completed 15 months earlier than the deadline. Oil is transported from Moti Harry in eastern India to Moti Harry to Amlekji in Nepal. Nepal is consumed 2. 66 million tons, and food production gas is 480, 000 tons, which are transported in real time in a sem i-dry Indian warehouse everywhere in Nepal. According to texts from supporters at the Nepal Oil Corporation, the construction of pipeline can reduce fuel transport costs by $ 8. 7 million a year.
The supply of liquefied gas and cooking gas from Bangladesh is expected to ease access to cooking gas in northeastern India, according to a demonstration by the Ministry of Petroleum and Natural Gas. This reflects the government's neighbour-first approach of energy security and connectivity, according to the demonstration. The demonstration also noted that the government has increased the purchase price of ethanol and increased stock for fuel blending. In Tamil Nadu, subsidy was not given to 4. 5 million LPG buyers in April and May. There are 2. 05 million gas connections that are yet to be connected to Aadhaar, a prerequisite for subsidy, while over 2. 531 billion customers have not been able to avail subsidy despite submitting all documents. Almost everyone who received subsidy before March lost it in April and May, likely due to technical issues in the banking system that resulted in the deletion of Aadhaar. Oil companies have actually stated that during the intensive accounting, perhaps not all of them requested refills and did not update their own records to receive the subsidy. However, data provided by IOC shows that over 98% of buyers received the subsidy, belying the official statement. At HPCL and BPCL, 1, 000 out of 4, 100 customers, with or without Aadhaar, have not received the subsidy.
The 5089 billion rupee government, with 7 million cylinders, has requested oil companies to prevent the supply of food gas to customers from being canceled or delayed by purchasing new cylinders. In the past five years, India has purchased about 140 million new purchases, and 96 % of households have been able to use cooking gas, with 55 % in 2014. Under the Ujuwara program, the government has supplied liquefied gases to poor households in 80 million households, and has increased the opportunity for the poor to get more clean cooking fuel.
After a larg e-scale misconduct was discovered, local authorities noticed that 70, 000 liters of paraffin was stored in an illegal underground tank in the Parto pool area in Melute. The quoted paraffin was over 48. 000 liters set by the company. The measure was taken immediately after a fake gasoline fraud case, which was seized over 200. 000 liters by a company in the partapur region on August 20. < SPAN> 7 million cylinders and the 5089 billion Rupy Lupy Government requested oil companies to prevent the supply of food gases from bidding and delays in purchasing new cylinders from hindering the supply of food gas to customers. In the past five years, India has purchased about 14 billion new millions, and 96 % of households have been able to use cooking gas, with 55 % in 2014. Under the Ujuwara program, the government has supplied liquefied gases to poor households in 80 million households, and has increased the opportunity for the poor to get more clean cooking fuel.
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After a larg e-scale misconduct was discovered, local authorities noticed that 70, 000 liters of paraffin was stored in an illegal underground tank in the Parto pool area in Melute. The quoted paraffin was over 48. 000 liters set by the company. The measure was taken immediately after a fake gasoline fraud case, which was seized over 200. 000 liters by a company in the partapur region on August 20. The 5089 billion rupee government, with 7 million cylinders, has requested oil companies to prevent the supply of food gas to customers from being canceled or delayed by purchasing new cylinders. In the past five years, India has purchased about 140 million new purchases, and 96 % of households have been able to use cooking gas, with 55 % in 2014. Under the Ujuwara program, the government has supplied liquefied gases to poor households in 80 million households, and has increased the opportunity for the poor to get more clean cooking fuel.
After a larg e-scale misconduct was discovered, local authorities noticed that 70, 000 liters of paraffin was stored in an illegal underground tank in the Parto pool area in Melute. The quoted paraffin was over 48. 000 liters set by the company. The measure was taken immediately after a fake gasoline fraud case, which was seized over 200. 000 liters by a company in the partapur region on August 20.
The main cities, Punjab and the Hariana State government, are paying the cost of profits due to fuel sales in both indates-this is a gasoline merchant of Mohali and panchikura, which faced loss due to differences in tariffs in three cities. It is a claim by the organization. The Candigal government has been reducing the VAT tax rate every day since October 2017, and as a result, the trading of petroleum products has been completely shifted from Panjab's border area to Changal. Was described. On February 18, the Panjab state government reduced the VAT of gasoline per liter, reduced the diesel VAT by one rupee, but Mohari was 4, 54 rupees per liter, and 2, 74. Still high with rupee. The dealer raises the VAT tax rate of Chandigal, a mosqua city of Panjab, or has introduced Dual Pricing in Punjab, and has the same level of VAT tax rates in adjacent areas such as Mohali and Rupnagar. I propose to do. According to a gasoline dealer who contacted Mohari, sales at Mohari's gasoline pumps have decreased by nearly 70 % since October 2018. CHANDIGARH's dealers have achieved 45 % of diesel sales and 17 % of gasoline sales compared to Mohali and Panchkula dealers. < SPAN> Punjab and Hariyana government, which are the main cities, are paying the cost of profits from fuel sales in both indates. It is a claim by a gasoline merchant organization. The Candigal government has been reducing the VAT tax rate every day since October 2017, and as a result, the trading of petroleum products has been completely shifted from Panjab's border area to Changal. Was described. On February 18, the Panjab state government reduced the VAT of gasoline per liter, reduced the diesel VAT by one rupee, but Mohari was 4, 54 rupees per liter, and 2, 74. Still high with rupee. The dealer raises the VAT tax rate of Chandigal, a mosqua city of Panjab, or has introduced Dual Pricing in Punjab, and has the same level of VAT tax rates in adjacent areas such as Mohali and Rupnagar. I propose to do. According to a gasoline dealer who contacted Mohari, sales at Mohari's gasoline pumps have decreased by nearly 70 % since October 2018. CHANDIGARH's dealers have achieved 45 % of diesel sales and 17 % of gasoline sales compared to Mohali and Panchkula dealers. The main cities, Punjab and the Hariana State government, are paying the cost of profits due to fuel sales in both indates-this is a gasoline merchant of Mohali and panchikura, which faced loss due to differences in tariffs in three cities. It is a claim by the organization. The Candigal government has been reducing the VAT tax rate every day since October 2017, and as a result, the trading of petroleum products has been completely shifted from Panjab's border area to Changal. Was described. On February 18, the Panjab state government reduced the VAT of gasoline per liter, reduced the diesel VAT by one rupee, but Mohari was 4, 54 rupees per liter, and 2, 74. Still high with rupee. The dealer raises the VAT tax rate of Chandigal, a mosqua city of Panjab, or has introduced Dual Pricing in Punjab, and has the same level of VAT tax rates in adjacent areas such as Mohali and Rupnagar. I propose to do. According to a gasoline dealer who contacted Mohari, sales at Mohari's gasoline pumps have decreased by nearly 70 % since October 2018. CHANDIGARH's dealers have achieved 45 % of diesel sales and 17 % of gasoline sales compared to Mohali and Panchkula dealers.
Goldman Sachs has revised its 2019 oil demand growth forecasts in 2019 due to the decline in demand in India, Japan, other no n-OECD Asia, Middle East, and Latin America. Wall Street Bank has revised its predictions from 1 million barrels per day to 1 million barrels, but forecasts forecasting the increase in demand at 1. 4 million barrels per day. However, 2020 Brent crude oil prices have been defended to $ 60 per barrel, indicating that OPEC is willing to sacrifice market share. Crude oil prices have fallen by nearly 20 % from the highest value in April 2019. It is expected that the U S-China trade war will intensify, and it will be hit to the global economy, and eventually the demand for crude oil. Other banks, including Morgan Stanley and Barclays, also emphasized the risk of petroleum demand due to economic uncertainty. Morgan Stanley has reduced the prospects and demand prices this year due to the deterioration of economic outlines, decreasing demand, and increasing shale oil production. According to the BP, the world's oil demand in 2019 is expected to increase only 1 million barrels per day due to the slowdown in consumption. The increase in U S-China trade friction and signs of global economic retreat < Span> Goldman Sachs in India, Japan, other no n-OECD Asian regions, Middle East, and Latin America's demand in 2019. The growth rate prediction was revised downward. Wall Street Bank has revised its predictions from 1 million barrels per day to 1 million barrels, but forecasts forecasting the increase in demand at 1. 4 million barrels per day. However, 2020 Brent crude oil prices have been defended to $ 60 per barrel, indicating that OPEC is willing to sacrifice market share. Crude oil prices have fallen by nearly 20 % from the highest value in April 2019. It is expected that the U S-China trade war will intensify, and it will be hit to the global economy, and eventually the demand for crude oil. Other banks, including Morgan Stanley and Barclays, also emphasized the risk of petroleum demand due to economic uncertainty. Morgan Stanley has reduced the prospects and demand prices this year due to the deterioration of economic outlines, decreasing demand, and increasing shale oil production. According to the BP, the world's oil demand in 2019 is expected to increase only 1 million barrels per day due to the slowdown in consumption. The increase in U S-China trade friction and the increase in signs of retreats global economy, Goldman Sachtes, in India, Japan, other no n-OECD Asian regions, Middle East, and Latin America, for predicting the growth of oil demand in 2019. Was revised downward. Wall Street Bank has revised its predictions from 1 million barrels per day to 1 million barrels, but forecasts forecasting the increase in demand at 1. 4 million barrels per day. However, 2020 Brent crude oil prices have been defended to $ 60 per barrel, indicating that OPEC is willing to sacrifice market share. Crude oil prices have fallen by nearly 20 % from the highest value in April 2019. It is expected that the U S-China trade war will intensify, and it will be hit to the global economy, and eventually the demand for crude oil. Other banks, including Morgan Stanley and Barclays, also emphasized the risk of petroleum demand due to economic uncertainty. Morgan Stanley has reduced the prospects and demand prices this year due to the deterioration of economic outlines, decreasing demand, and increasing shale oil production. According to the BP, the world's oil demand in 2019 is expected to increase only 1 million barrels per day due to the slowdown in consumption. Increasing U S-China trade friction and increased signs of global economic retreat
South Korea said it would consider the possibility of releasing oil from its strategic reserves if the situation for crude oil imports worsens following the attack on Saudi Arabian oil supplies. South Korea's Ministry of Energy said it does not expect any short-term impact on securing crude oil supplies from Saudi Arabia. However, if the situation is delayed, crude oil supplies could be compromised, the ministry said. The US president also authorized the use of emergency oil reserves in the US to provide a stable supply following the attack that halted 5% of global production. South Korea, the world's fifth-largest crude oil importer, currently holds about 96 million barrels of crude oil and petroleum products in its strategic reserves. Of the 96 million barrels, 82 million barrels are crude oil and the rest are petroleum products such as gasoline, diesel fuel and ligroin. These reserves cover South Korea's oil needs for about 90 days. According to the US Environmental Protection Agency, oil production in the seven major US shale formations is expected to increase by 74, 000 barrels per day in October to a record high of 88. 43 million barrels per day. The biggest change will be in the Permian Basin in Texas and New Mexico, where production is expected to increase by 71, 000 barrels per day in October to a record high of 4, 485 million barrels per day. Despite a decline in the number of drill plants drilling new wells since the beginning of the year, both pools have seen an increase in production as productivity (the amount of oil produced from each new well) has risen to record levels.
Polish oil pipeline operator PERN announced that it had restored flow rates on the Druzhba pipeline, which transports oil from the Russian Federation to Eastern and Western Europe. The operator said it continued to supply oil to its customers, two refineries in Poland and Germany, during the conflict. Russian oil pipeline monopoly Transneft announced that it had restored oil supplies through the Druzhba pipeline after an "incident" at PERN. France's Total announced a tender for the resale of 1. 3 million barrels of tainted Russian Ural crude oil to be loaded at the port of Rotterdam, investors said. During the oil spill, the Russian Federation loaded up to 11 million barrels of Ural crude oil containing organochlorines from the port of Ust-Luga. Organochlorine compounds are chemical compounds used to increase oil production by cleaning oil wells and facilitating the flow of oil. They can damage refinery equipment and must be removed before sending oil to customers. This is very difficult to implement, since the only way to make the dirty Urals suitable for oil refining is to blend them with clean oil in a ratio of 10 or more.
Alberta implemented permanent production cuts from January 1, 2019 to ease congestion in export pipelines and support crude oil prices. Slow progress in the construction of new pipelines is still considered a prerequisite for production cuts. Large producers such as Suncor Energy Corp. and Canadian Natural Resources Corp. have offered the government to increase production beyond the set cap, provided that the additional production is exported through steel lanes. The government is still trying to pocket about 4 billion Canadian dollars (3 billion US dollars) of oil transportation contracts (120, 000 barrels per day) signed by the previous government. Canadian oil production on the steel lanes averaged 214 tonnes per day in August, according to energy information provider Genscape. Polish oil pipeline operator PERN said it had restored flow rates on the Druzhba pipeline, which transports oil from the Russian Federation to Eastern and Western Europe. The operator said it continued to supply oil to its customers, two refineries in Poland and Germany, during the conflict. Russian oil pipeline monopoly Transneft said it had restored oil supplies through the Druzhba pipeline after an "incident" at PERN. France's Total has announced a tender for the resale of 1. 3 million barrels of tainted Russian Ural crude to load at the port of Rotterdam, investors said. During the oil spill, the Russian Federation loaded up to 11 million barrels of Ural crude containing organochlorines from the port of Ust-Luga. Organochlorine compounds are chemical fusions used to increase oil production by cleaning oil wells and facilitating the flow of oil. It must be removed before sending oil to customers, as it can damage refining equipment. This is very difficult to implement, as the only way to make the dirty Urals suitable for oil refining is to mix it with clean oil in a ratio of 10 or more.
Alberta implemented permanent production cuts from January 1, 2019 to ease congestion in export pipelines and support crude oil prices. Slow progress in building new pipelines is still considered a prerequisite for production cuts. Large producers such as Suncor Energy Corp. and Canadian Natural Resources Corp. have offered the government to increase production above the set cap, provided that the additional production is exported through steel lanes. The government is still trying to pocket about C$4 billion (US$3 billion) of oil shipping contracts (120, 000 barrels per day) signed by the previous government. Canadian oil production at Steellane averaged 214 tonnes per day in August, according to energy information provider Genscape. Polish oil pipeline operator PERN said it had restored flow rates on the Druzhba pipeline, which transports oil from the Russian Federation to Eastern and Western Europe. The operator said it continued to supply oil to its customers, two refineries in Poland and Germany, during the conflict. Russian oil pipeline monopoly Transneft said it had restored oil supplies through the Druzhba pipeline after an "incident" at PERN. France's Total has announced a tender for the resale of 1. 3 million barrels of tainted Russian Ural crude to load at the port of Rotterdam, investors said. During the oil spill, the Russian Federation loaded up to 11 million barrels of Ural crude containing organochlorines from the port of Ust-Luga. Organochlorine compounds are chemical fusions used to increase oil production by cleaning oil wells and facilitating the flow of oil. It must be removed before sending oil to customers, as it can damage refining equipment. It is very difficult to implement, as the only way to make dirty Urals suitable for oil refining is to mix it with clean oil in a ratio of 10 or more.
Alberta implemented permanent production cuts from January 1, 2019 to ease congestion in export pipelines and support crude oil prices. Slow progress in the construction of new pipelines is still considered a prerequisite for production cuts. Large producers such as Suncor Energy Corp. and Canadian Natural Resources Corp. have offered the government to increase production above the set cap, provided that the additional production is exported through the steel lanes. The government is still trying to pocket about 4 billion Canadian dollars (3 billion US dollars) of oil transportation contracts (120. 000 barrels per day) signed by the previous government. Canadian oil production through the steel lanes averaged 214. 000 barrels per day in August, according to energy information provider Genscape.
Chinese petroleum natural gaps (CNPC) will supply diesel fuel to Australia's joint arrow for three years. The power supply contract will definitely help CNPCs to increase the sales of petroleum products in Australia. Arrow Energy was a charcoal gas producing company, c o-acquired by CNPC and Royal Dutch Shell in 2010.
An organization that verifies the precedent has proved that domestic gasoline prices have reached the highest ever. The independent analytical institution, Pakista n-legal education and transparent university, regarded this statement as fair. According to the fact, on July 31, the Pakistani government raised the price of petroleum products. Later, Pakistani's gasoline (Altron Premium) price reached 117 and 83 rupees per liter. According to Pakistan i-owned oil, the organization said that gasoline costs from January 1, 2006 to August 1, 2019 had never exceeded 117, 83 rupees per liter.
According to Investors and Refinitiv Eikon, Ukraine imported the first liquefied gas from the United States, saying that Kiev was eager to reduce its own lifting of energy elements from the capital. A tanker with about 6, 000 tons of liquefied gas arrived at Odessa Port in the Black Sea. The Russian Federation was one of the main suppliers of liquefied gases to Ukraine, but Kiev wants to diversify fuel information providers due to political tensions in relation to the capital. According to the Ukrainian Industrial Agency, direct supply tricks from Russia's LSG to Ukraine fell from 48 % in 2017 to 36 and 8 % last year. Since August 1, Ukraine has introduced tariffs on the import of Russian liquid gas and diesel fuel.
Saudi Arabia, a major exporter, is expected to raise the price of diesel it sells to Asia in October, on the back of a strong Middle Eastern benchmark and ample gas tails. Five out of six survey respondents said that the OPP for Arab diesel in October will rise by 40-50 cents per barrel. The OSP for extra-light Arab crude could rise by around $1 per barrel, according to the survey. National oil giant Saudi Aramco sets oil prices based on customer recommendations, calculating the change in oil value over the past month based on productivity and product prices. |
NATIONAL: OIL
India’s crude oil production falls 5.44 percent in August
MT: Million Ton, PPAC: Petroleum Planning and Analysis Cell, LPG: Liquefied Petroleum Gas, ATF: Aviation Tavin fuel, TMT: MN: MN: Billion: Billion: 100 million tons, TN: Oil: Oil: Oil: Oil: Oil: Oil. Sales company, OPEC: Petroleum Export Country Organization, BPD: Daily barrel, US: BI: India Reserve Bank, CAD: BBL: BBL: Ballel, ONGC: Indian Oil Corporation, CAD: Indian Bank OPEC: Open Exporting Country Organization, BPD: Daily barrel, US, RBI: India Bank, CAD: CAD: BBL: BBL: Ballel, ONGC: Petroleum Natural Gas Corporation, PMT: Panna, Mukuta, Tapi, Ril: Rilance Industries , IOC: Indian Oil Corporation, Ril: Reliance Industries LTD, IOC: Indian Oil Corp, BHARAT STAGE, MTPA: Million Tonnes Per Annum, HPCL: HPCL: , BPCL: BHARAT PETROLEUM CORP LTD, KM: Kilometre , ADNOC: ABU DHABI NATIONAL CORPORATION, PMO: Prime Minister's Office, Value Added Tax, OECD: Develo PMENT, IEA: International Energy Agency, EIA: Energy Information ADMINISTRATION, CNPC: CHINA NATIONAL PETROLEUUM Corp: China Petroleum Corporation (Petroleos de Venezuela, Sa), OSP: NPD: Norwegian Petroleum ate
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Privatisation plan of BPCL will need a prior nod of Parliament
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Reduce oil imports to achieve $5 tn GDP goal: Gadkari
October 1st in India's domestic oil production in India has decreased by oil fields operated by Oil and Natural Gas Corp (ONGC), Oil India LTD (OIL), and General Utilities (SP). The % decreased to 2. 750 tons (TMT). Cumulative oil production for the first five months (April-2020) of this year (2019-2020) was 13. 726 tons, down 6 %. In August, ONGC production fell 3, 717 tons in the main quarter of the main quarter, with the decrease in the production volume of Andra Pradesh, Asam, Gujarat, Tamill Nadu, and the Eastern coast. The company's first five months (April to August) fell 4 % down to 8. 585 tons. OIL has announced that the decline in production from oil fields in Assam has reduced the oil production in August to 274 tons. The company's oil production in January to May was 1. 355 tons, down 4 %. In August, the amount of petroleum production by personal players and joint ventures decreased by 9, 51 % to 759 tons. This decrease is due to reduced production from oil fields on Andra Pradesh, Rajastan, Tamill Nadu, East shelf, western shelves, and Gujarat shelves. As a whole, the production of joint ventures decreased during this period.
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India scrambles for LPG to meet demand as Saudis defer flow
QuIck Comment
September 29, the government is considering a plan to resell foreign companies and domestic companies in the second stat e-owned stat e-owned petroleum refinement and fuel retail company, but the privatization project is the first to be a parliament. Approval is required. The government estimates that Most of the BPCL shares 53. 3 % to sell 53. 3 % of the BPCL shares to strategic partners in order to attract multinational companies in the domestic market and increase their competitiveness. The privatization of BPCL not only shakes the fuel retail department that has been monopolized by local governments for many years, but will definitely be a matter of achieving at least on e-third of the government's no n-investment targets of 1. 5 trillion rupees. However, the privatization of the BPCL requires the support of Congress. In September 2003, the Supreme Court, like Hindutan Petroorum Corporation (HPCL), can only privatize the BPCL after the Council has revised the laws that have previously been recognized for the nationalization of these two companies. I ruled. BPCL operates four locations: Mumbai, Kochi (Kerara), Vina (Madiya Pradesh), and Numarigal (Assam), and the ability to process 38. 3 million tons of wet oils in total. There is. There are 15. 078 gasoline pumps and 6. 004 liquefied oil gas (LPG) dealers in Japan.
Source: Business standard
September 29, Nitin Gadokari Road Transportation, the introduction of biofuels could reduce the import of wet petroleum, but it would definitely help saving foreign currency, and by 2025, GDP (Gross Domestic Product). He said he could achieve the goal of increasing $ 5 trillion. The Minister Gaddokari stated that the ministry has taken all means to promote biofuel, such as ethanol and buthanol. In fact, the aviation sector imports 400 billion rupee s-equivalent fuel, and has said that developing biofuels will open a 400 billion rupee market for Russian players.
Key economy era
No more discounts on credit card payment at petrol pumps
Promotion of liquefied gas is a sign of energy anxiety!
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NATIONAL: GAS
Delhi’s IGL will lead Indian trucking into gas age
Quick Comment
Source: Business standard
September 29, Nitin Gadokari Road Transportation, the introduction of biofuels could reduce the import of wet petroleum, but it would definitely help saving foreign currency, and by 2025, GDP (Gross Domestic Product). He said he could achieve the goal of increasing $ 5 trillion. The Minister Gaddokari stated that the ministry has taken all means to promote biofuel, such as ethanol and buthanol. In fact, the aviation sector has imported 400 billion rupee s-equivalent fuel, and that developing biofuels will open a 400 billion rupee market for Russian players.
Key economic era
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India cuts natural gas prices by 12.5 percent for October-March period
ugly! September 29, the government is considering a plan to resell foreign companies and domestic companies in the second stat e-owned stat e-owned petroleum refinement and fuel retail company, but the privatization project is the first to be a parliament. Approval is required. The government estimates that Most of the BPCL shares 53. 3 % to sell 53. 3 % of the BPCL shares to strategic partners in order to attract multinational companies in the domestic market and increase their competitiveness. The privatization of BPCL not only shakes the fuel retail department that has been monopolized by local governments for many years, but will definitely be a matter of achieving at least on e-third of the government's no n-investment targets of 1. 5 trillion rupees. However, the privatization of the BPCL requires the support of the parliament. In September 2003, the Supreme Court, like Hinduntan Petroorum Corporation (HPCL), can only privatize the BPCL after the Council has revised the laws that have previously been recognized for the nationalization of these two companies. I ruled. BPCL operates four places: Mumbai, Kochi (Kerara), Vina (Madiya Pradesh), and Numarigal (Assam), and the ability to process 38. 3 million tons of wet oils in total. There is. There are 15. 078 gasoline pumps and 6. 004 liquefied oil gas (LPG) dealers in Japan.
Source: Business standard
India’s natural gas production declines 4 percent in August
September 29, Nitin Gadokari Road Transportation, the introduction of biofuels could reduce the import of wet petroleum, but it would definitely help saving foreign currency, and by 2025, GDP (Gross Domestic Product). He said he could achieve the goal of increasing $ 5 trillion. The Minister Gaddokari stated that the ministry has taken all means to promote biofuel, such as ethanol and buthanol. In fact, the aviation sector has imported 400 billion rupee s-equivalent fuel, and that developing biofuels will open a 400 billion rupee market for Russian players.
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NATIONAL: COAL
On behalf of all Goans, demand white paper on coal block allocation: Former Revenue Minister
Promotion of liquefied gas is a sign of energy anxiety!
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Rajasthan CM writes to Centre, seeks improvement in coal supply to meet power requirement
September 26 Retail fuel traders in India were damaged by drone attacks in Saudi Arabia, but the demand for liquefied oil (LPG) increased as well, and the most famous pleasure in the country. I'm looking for LPG). The Indian Oil Corporation (IOC), the Barrat Oil Corporation (BPCL) and the Hindstan Oil Corporation (HPCL) are for operation supply of liquefied petroleum gas until late October, and some supply has been released. , Expression, IOC. The growing interest of consumers occurs on the backdrop of the intense history in the Asian market when the BPC L-bidding fails to make the first offer interest. India is the lead of Saudi, Qatar, Oman and Kuwait, two in the world of LPG imports in the world, and receives less than 50 % of foreign suppliers. In principle, fuel demand will extend to the end of the Musson season around September and to the start of the fourth quarter ceremony season. In addition to the seasonality, Prime Minister Narendra Modi tried to introduce this malicious appearance of fuel, such as firewood and cow dung, and to include the unfortunate local community in the list of liquefied gas supply. It was done.
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SCCL gets coal block in Odisha where 200 lakh tonnes of coal can be extracted
Throat Bloomberg September 26 The Indian retail fuel trader has been damaged by drone attacks in Saudi Arabia, but the demand for liquefied oil gas (LPG) increases as well, so the country's most famous pleasure in the country. I'm looking for gas (LPG). The Indian Oil Corporation (IOC), the Barrat Oil Corporation (BPCL) and the Hindstan Oil Corporation (HPCL) are for operation supply of liquefied petroleum gas until late October, and some supply has been released. , Expression, IOC. The growing interest of consumers occurs on the backdrop of the intense history in the Asian market when the BPC L-bidding fails to make the first offer interest. India is the lead of Saudi, Qatar, Oman and Kuwait, two in the world of LPG imports in the world, and receives less than 50 % of foreign suppliers. In principle, fuel demand will extend to the end of the Musson season around September and to the start of the fourth quarter ceremony season. In addition to the seasonality, Prime Minister Narendra Modi tried to introduce this malicious appearance of fuel, such as firewood and cow dung, and to include the unfortunate local community in the list of liquefied gas supply. It was done.
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CIL trade unions will need longer strike to dent current coal stock position
If you pay a fuel with a credit card at a gas station on September 25, the 0. 75 % discounts introduced by local government oil companies to promote digital payments more than two and a half years ago. The government has requested Indian Oil (IOC), Barrat Oil Corporation (BPCL), and Hindstan Oil Corporation (HPCL) to provide 0, 75 % rebate when paying fuel on cards in late 20016. Credit card/ debit card and electronic wallet support and fuel purchase price of 0, 75 % discounts were introduced in December 2016, and for two and a half years, OMC (petroleum sales company) formed. In addition to the cash bonus, the government also wanted the government to extend the card price card price, which is usually paid by retail merchants. However, discounts for debit cards and other digital payment methods remain. In 2017-18, three fuel retailers paid 11, 65 billion rupees in the name of the bonus of electricity bills, and 2. 66 billion rupees in the MDR. Rupy is equal to a common challenge. From 2018 to 19, the cost has actually reached 20 billion rupees. As of December 13, 2016
Source: Business standard
NATIONAL: POWER
Power sector to save Rs 25 bn annually due to corporate tax cut: ICRA
Transition of Indian trucks to gas era acts positively for environmental pollution
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Goa, Arunachal, J&K have lower power tariffs than Delhi
Quick Comment
Source: Business standard
Transition of Indian trucks to gas era acts positively for environmental pollution
wonderful! If you pay a fuel with a credit card at a gas station on September 25, the 0. 75 % discounts introduced by local government oil companies to promote digital payments more than two and a half years ago. The government has requested Indian Oil (IOC), Barrat Oil Corporation (BPCL), and Hindstan Oil Corporation (HPCL) to provide 0, 75 % rebate when paying fuel on cards in late 20016. Credit card/ debit card and electronic wallet support and fuel purchase price of 0, 75 % discounts were introduced in December 2016, and for two and a half years, OMC (petroleum sales company) formed. In addition to the cash bonus, the government also wanted the government to extend the card price card price, which is usually paid by retail merchants. However, discounts for debit cards and other digital payment methods remain. In 2017-18, three fuel retailers paid 11, 65 billion rupees in the name of the bonus of electricity bills, and 2. 66 billion rupees in the MDR. Rupy is equal to a common challenge. From 2018 to 19, the cost has actually reached 20 billion rupees. As of December 13, 2016
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APTEL junks UPERC tariff cut for Tata Power unit
Transition of Indian trucks to gas era acts positively for environmental pollution
wonderful!
AIPEF demands discussion on proposed electricity bill
October 1 Delhi will be the leader of Indian freight transport in the gas era. Indra Plasta Gas (IGL), the only supplier of compressed natural gas (CCA) in the capital, has formulated a plan to recover Karian's expansion. RANGANATAN's IGL E-director said that it would take about three months to lack each trailer 9 equipment and needed to import fuel tanks. LNG (liquefied natural gas) is heavier than the CCA, has a high thermal collection of power, can move 700 to 800 km in full, and is equivalent to a track running with diesel fuel. LNG is suitable for engines that operate under severe conditions. According to the International Maritime Agency's decision, all ships must move to LNG since April 2020. Petronet LNG, the largest gas importer in India, is the West Coast LNG route that connects Delhi and Tribundrum for two years (overall length via Mumbai and Bengal, 4. The company is at the LNG import terminal in Daheja (Guarat). In November 2016, the LNG bus for personnel transport has started a test project for one LNG bus.
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Commercial operation of NTPC’s Lara power project unit soon
On October 1, India has reduced domestic production prices from October 2019 to March 2020 compared to the previous six months, and costs $ 3, 23 per million (MMBTU). did. In addition, the upper limit of gas prices produced in more complex deposits was set to $ 8, 43, down 9, 5 % per MMBTU. The price is used on a total heat basis. Reducing natural gas prices means reducing gas costs for production of fertilizer, automobiles, and household goods. In addition, the income of Oil and Natural Gas Corp LTD (ONGC) and Oil India LTD (petroleum) also decreases.
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Anti-theft stations set up to address electricity pilferage in UP
Source: Economic Times
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Revision of PPAs will send wrong signals to investors: Centre to AP CM
Source: Reuters October 1 Delhi will be the leader of Indian freight transport in the gas era. Indra Plasta Gas (IGL), the only supplier of compressed natural gas (CCA) in the capital, has formulated a plan to recover Karian's expansion. RANGANATAN's IGL E-director said that it would take about three months to lack each trailer 9 equipment and needed to import fuel tanks. LNG (liquefied natural gas) is heavier than the CCA, has a high thermal collection of power, can move 700 to 800 km in full, and is equivalent to a track running with diesel fuel. LNG is suitable for engines that operate under severe conditions. According to the International Maritime Agency's decision, all ships must move to LNG since April 2020. Petronet LNG, the largest gas importer in India, is the West Coast LNG route that connects Delhi and Tribundrum for two years (overall length via Mumbai and Bengal, 4. The company is at the LNG import terminal in Daheja (Guarat). In November 2016, the LNG bus for personnel transport has started a test project for one LNG bus.
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NATIONAL: NON-FOSSIL FUELS/ CLIMATE CHANGE TRENDS
India shelves plan on countrywide ban on single-use plastic products
On October 1, India has reduced domestic production prices from October 2019 to March 2020 compared to the previous six months, and costs $ 3, 23 per million (MMBTU). did. In addition, the upper limit of gas prices produced in more complex deposits was set to $ 8, 43, down 9, 5 % per MMBTU. The price is used on a total heat basis. Reducing natural gas prices means reducing gas costs for production of fertilizer, automobiles, and household goods. In addition, the income of Oil and Natural Gas Corp LTD (ONGC) and Oil India LTD (petroleum) also decreases.
Source: Business standard
UPERC slashes solar tariffs, approves bidding for 550 MW
October 1st of India's natural gas production in India is reduced by 4 % due to a decrease in the amount of deposits managed by the Oil India LTD (Common EnterpriseS Joint Venture), which is managed by the Natural Gas Corporation (ONGC), Oil India LTD (Common EnterpriseS Joint Venture). It became 2, 688 million cubic meters. As a whole, the first five months (April to August) of this year (April to August), the country's natural gas production was 13. 437 million cubic meters, decreasing 0, 98 %. M, a host caused by sedimentary production under a contract in the product department (KRP), managed by a common company (SP). In August, ONGC, one of the leading wet petroleum and natural gas manufacturers in Japan, recorded 2. 7 million meters, with 3 % of natural gas production. It decreased to meters. Overall, the company's production in January to May increased by 1, 34 % to 153 million meters, 1, 34 %.
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PFS, MDI Gurgaon collaborate to work in renewable energy sector
Blon Economic Times October 1st of India's natural gas production in India, due to a decrease in the amount of production on the deposits managed by the Oil India LTD and the joint venture (Common EnterpriseS Joint Venture). , 4 % decreased to 2, 688 million cubic meters. As a whole, the first five months (April to August) of this year (April to August), the country's natural gas production was 13. 437 million cubic meters, decreasing 0, 98 %. M, a host caused by sediments under the contract in a common company (SP) or under a contract under the product department (KRP). In August, ONGC, one of the leading wet petroleum and natural gas manufacturers in Japan, recorded 2. 7 million cubic meters, down 3 % natural gas production. It decreased to meters. Overall, the company's production in January to May increased by 1, 34 % to 153 million meters, 1, 34 %.
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Government mulls tapping wind power at low cost: Gadkari
September 30 And recently, the Centre offered a coal block in Singrauli block in Madhya Pradesh to the Goa government, but past Finance Minister Rohan Khaunte insisted on proposing the allocation papers. This is the second time that the Centre has allotted a coal block to Goa. Khaunte said that the allocation of the coal block from Chhattisgarh in 2008 was a fraud. GIDC, on behalf of the Goa government, has applied for two tranches to be considered as part of Dongri Tal Phase II coal block in Singrauli block. If GIDC accepts this coal block, it will be able to meet Goa's power needs for the next 15 to 20 years thanks to the huge reserves in Dongri Tal Phase II Tranche 5 section.
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EPCA issues directions against use of dirty fuels for Delhi’s pollution hotspots
September 27 Rajasthan Chief Minister Ashok Gehlot has written to the Central Government to immediately improve coal supply to meet the power needs of the state. If coal supply is not improved immediately, the state may face an energy crisis, said the message addressed to Coal and Mines Minister Pralhad Joshi and Energy Minister RK Singh. The South-East coalfield supplies only 47 per cent of the total coal supply to Rajasthan at 129. 24 lakh tonnes, while the North coalfield supplies only 69 per cent at 41. 50 lakh tonnes. Union strikes have worsened the coal supply situation, according to Gehlot's writing.
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Tata Power bags 105 MW floating solar power project in Kerala
September 27 Singareni Collieries Company Ltd (SCCL) has bought the New Patrapada coal block in Odisha. The block has been allotted by the Ministry of Coal Industries. Once all clearances are granted and production commences, New Patrapada will be one of the largest coal blocks in the country. Singareni currently produces 680 million tonnes of coal from 48 mines, while this mine alone can produce 200 million tonnes of coal, SCCL said. Fresh Patrapada is one of the many coal blocks in Chandipada Tahsil area of Odisha, about 15 km from Saini coal block already allotted to the company. The Ministry of Coal Industry responded positively to Singareni's request to allocate other coal blocks in Odisha on par with Saini block. New Patrapada' is spread over an area of 31 sq km or nearly 3, 108 hectares. The area has coal reserves of 140 million tonnes.
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Gujarat’s rooftop solar power scheme aims to cover 2 lakh families
September 25, a on e-day strike by a labor union at the COAL INDIA LTD (CIL) has not affected the current coal supply at the thermal power plant. According to the State Energy Portal, as of September 23, 114 power plants (out of 131 power plants) in the state have 12 days of coal supply. Only three power plants have been supplied by coal for more than 4 days. The two power plants have been supply at least seven days. This basically means that the coal required for most of the hot power plants in Japan is supplied. PRALHAD JOSHI Coal and Mining Ministers are called by the Indian Coal Mine Workers Federation, the Hind Hadan Mazdoor Federation, the Indian Coal Mine Workers Federation, the All Indian Coal Coal Mine Labor Union, and the Central Union of the All Indian Labor Union Central Council. After the day strike, the situation would normalize. Mr. Joshi said that he was ready to negotiate with the union on the union's demands that would overturn the decision to recognize 100 % foreign direct investment (FDI) in the coal mining division. The history of coal supply may have improved significantly because of the decrease in power demand and the increase in power generation due to renewable energy and hydroelectric power generation.
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Nuclear energy still challenge for India: PM Modi
The collective tax reduction on September 30 is a positive factor in the power section, for example, the rating company ICRA states that the distribution sector will lead to tax saving of 25 billion rupees a year. The government has reduced the corporate tax rate by about 10 points to 25, 17 %, proposing a low tax rate of 17, 01 % for fresh food companies. This is to encourage investments that are useful for creating labor space to raise the pace of financial recovery from at least six years. The ICRA estimates that the profits from the power generation and power generation sector to the discom (distribution company) will be about 25 billion rupees per year (mainly in central and local companies). Central municipalities such as NTPC LTD, NLC India, Damodar Valley Corp, Power Grid Corpof India, and NHPC LTDs have a cost positive fee system, so the low tax burden will be transferred more. The report states. Apart from this, local government power generation and transmission companies will benefit from the regulated cost plus fee structure that they will benefit from the low tax burden that will be transferred to Discom.
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India has met 50 percent of renewable energy targets: Javadekar
Lo w-cost competition is a competition for the bottom!
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NTPC inks pact to set up hydropower projects of 520 MW in Himachal Pradesh
September 30 said the government said before 200 credits, if the bill was not charged, and then Albindir Kedir had actually shared the national cheap electricity. However, the government has assisted the state's electricity bills, and customs tests nationwide are actually shown in some other states, which are actually lower than Moscow. In fact, the data indicates that the electricity rates of Gore, Aruna l-Pradesh and Jun k-Kashmir (J & AMP; AMP; K) and Ladakk are lower than 400 units. It is on the rules spectrum in most homes. In Moscow, the status of electricity charges set by the committee for adjusting the power industry share (DRC) is set: 200 credits and 4, 101-400 units of rupees per unit of rupees. Three rupees per unit. This price was set by DRC and has been constant for the past three years. However, thanks to the subsidies announced this year, the price in the 20th year was zero by the use up to 200 units. In Gore, 1 to 100 units have 1, 4 rupees per unit and 2, 000 rupees for 101 to 200 units. The average rate up to 200 units is 1, 75 rupees per unit. Arnal Prades
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INTERNATIONAL: OIL
US oil output slides below 12 mn bpd in July: EIA
Bron Economic Times September 30 The government was divided into a shortage of 200 credits, and that Chancel Albindir was actually shareding the country's cheap electricity rates. Was stated. However, the government has assisted the state's electricity bills, and customs tests nationwide are actually shown in some other states, which are actually lower than Moscow. In fact, the data indicates that the electricity rates of Gore, Aruna l-Pradesh and Jun k-Kashmir (J & AMP; AMP; K) and Ladakk are lower than 400 units. It is on the rules spectrum in most homes. In Moscow, the status of electricity rates set by the committee for adjusting the power industry share (DRC) is set: 200 credits and 4, 101-400 units of rupees per unit of rupees. Three rupees per unit. This price was set by DRC and has been constant for the past three years. However, thanks to the subsidies announced this year, the price in the 20th year was zero by the use up to 200 units. In Gore, 1 to 100 units have 1, 4 rupees per unit and 2, 000 rupees for 101 to 200 units. The average rate up to 200 units is 1, 75 rupees per unit. Arnal Prades
Source: Business standard
Brazil investigates oil spill in northeast beaches
September 30 The Aptel Appeals Court is a 1980 megawat's 1980 megawat plagaji-power plan, 3, 02 rupees, 3, 02 rupees, a unit per unit, which was signed in the corresponding PPA (power acquisition contract) signed in 2010. In order to reduce the unit price for electricity, the order of the Uperc Energy Regulatory Commission, which requires a company backed up by tattle power, has been suspended. Almost all power plants are under the threat of PPA's review, and the court order has a positive effect on the power section with the state deb t-regulatory authorities. Factors by government governments that are also displayed. According to its own laws, Uperc is a buying and sale signed by the Indian City Bank (SBI) for the station at Alahabad's Barasel, which was stipulated by Luna Cent Power, which purchased 75 % of Prayaglaj Power at the end of last year. Reduce transaction fees. In order to repay your own debt and support the plan, the SB I-led 18 creditors have announced a bidding on the promoter in a way of relocating/ selling the layout, which has become a successful power supply.
Source: Business standard
Kazakhstan, Russia agree dirty oil compensation: Kazakh Energy Minister
September 30 All Indian Energy Engineers Federation (Aipef) will promote detailed discussions on the change in the power industry and privatize the energy division under the reasons that the government provides customers with additional rights and probability. He said he was. The government supporters divide the company from sending and maintaining electricity, which can ultimately replace offer suppliers, as happened in the case of mobile communication. Aipef chairman's chairman duby has accused the government's movement to privatize the energy department at a stretch. According to his text, the bill is to help a personal business named a buyer. He should actually receive comprehensive data and articles on franchise and privatization experiments since 2003, research with engineers and workers, and r e-plan the service bill for the first time. I mentioned. AIPEF believes that the Indian electricity sector is in real time in a financial stress. Due to the "forced" plan that repeats power supply and lon g-term contracts in power acquisition, the entire electricity price has risen in many regions in the state.
Source: Business standard
Venezuela doubles down on oil exports to Cuba despite US sanctions
September 28, NTPC announced that the first LARA SUPERMAL Power Station in CHHATTISGHARH has entered a paid operation. The total power generation capacity of the NTPC Group will be 55. 786 MW at the start of paid operation of LAR Power Plant Unit 1. With the addition of this unit, LARA, NTPC, and NTPC Supermal Power Station will have 800MW, 47325MW, and 55. 786MW, respectively. The LARA planning power plant with a 200MW power capacity is in the construction stage and will be tested for an appropriate economic year. The company aims to achieve a total of 130GW supply capacity by 2032.
Source: Business standard
INTERNATIONAL: GAS
French oil major Total closes purchase of Anadarko’s Mozambique LNG asset
On September 28, the Uttar Pradesh State Power Bureau (UP) faced the frequent use of electricity fraud and set up a unique station to eliminate theft in nine areas to solve the case. Currently, these stations have 953 options. In the stealing station installed in Bulanhahr KANER KHERA, 507 cases were resolved, of which 152 were MIRUT and 122 were solved by Gasiac. In the near future, the stealing station will not be closed in UP's Siamuri, Bug Pat, Amlochi, and Sambar.
Source: Business standard
Bangladesh shortlists 17 companies for spot LNG
On September 26, the Minister of Energy R. K. Cinnatus has resumed a message to Jaganmokhan Reddy, Prime Minister Andra Pradesh (AP). In his message, Sin said in his message that he was actually applying the questions proposed to the Prime Minister to the Prime Minister. After acknowledging that the economic condition of the discom (distribution company) was uneasy, he was recognized worldwide, not due to the electricity rates discussed in SZP. He said that he did not raise the electricity bill to the measured value UDAY (Ujwal Discom Assault Yojana). Shin proposed a price increase of 3, 6 % in 2016-17 and 5 % in 2017-18 and 2018-19, but the actual price increase was 0, 81 % in the following year. He said it was only 4, 5 %, 0 %. He asked Jagan to rationalize the fee in cooperation with the universally recognized norms.
Source: Business standard
PetroChina reports big shale gas additions in Sichuan basin
On October 1, India is refraining from accessing on e-time plastic completely ban to fight environmental pollution. This measure is very destructive for the industry when depicting financial retreat and reducing workspace. Narendra Modi plans to announce six items outside of the 150th anniversary of his favorite birthday of Machtma Gandhi, as part of the most widespread campaign to remove disposable plastic India by 2022. It was. According to the text of CHANDRA Kishore Mishra, Mr. Chandra Kishola Michela, the director of the Ministry of Environmental Protection, said, "The government is a plastic product, such as polypettacks and Styrofoam. Requests compliance with rules that manage, create, and implement. " The prohibitions proposed nationwide have been worried about consumer companies that use plastic for packaging, from soft drinks, biscuits to ketchup and shampoo. In India, where 14 million tons plastic is used each year, it is widely spread because there is no approved system for plastic waste disposal.
Source: Business standard
Japanese gas distributor Tokyo Gas aims to renegotiate LNG contracts, raise flexibility
On September 29, the Uper Pradesh (Uperc) Adjustment Committee has confirmed a competitive bidding for the purchase of 550 MW for state facilities, and reduced the price of solar power to nearly three rupees per unit, the lowest ever. The approved fee is 3, 02 to 3, 08 rupees per unit, and in fact, it is one of the minimum procurement fees of solar power schemes approved by energy regulation authorities. The decision was made by a regulatory authorities jointly applied by UP Power Corp LTD (UppCl), Up New and Renewable Energy Development Agency (Upneda), and NOIDA Power Company LTD (NPCL). The capacity of the approved solar power procurement plan is 25MW to 100 MW. According to Uperc's view, the decline in solar energy rates has led to a decline in the cost of purchasing the total power of drive (distribution company), and UPPCL will definitely help to promise a renewable energy source (RPO), and the state is the sun. Apply the potential of energy.
Source: Business standard
INTERNATIONAL: COAL
More South Korean coal power plant curbs needed to tackle pollution
September 29 PTC India Financial Service (PFS) and MDI Grugaon our business school will utilize unique powerful stakeholders to develop the potential of infrastructure and more sustainable infrastructure finance. Signed to the cooperation agreement. PFS and MDI include repeated energy information providers, energy transmission/ power generation/ electricity, energy efficiency, climate defense funding, roads, water supply, waste, electric mobility, public private partnerships, risk management, risks We are working to create the ability to produce implicit energy, such as modernization of the management environment.
Source: Business standard
China aims to shut 8.7 GW of coal power by year-end
September 29 said the Minister of Transportation of Nitin Gakari said that the central government was proposing energy use in three ports in the state. According to his sentence, a proposal to use wind energy at Tutikorin, Kandla and Paradipe Port has been deleted with the Minister of Energy R. K. SINGHU Federal Energy. He said that the project is considering built a seawater desalating plant in these three ports to solve the problem of drinking water.
Source: Business standard
INTERNATIONAL: POWER
Kuwait plans to sell up to 44 percent stakes in two power projects in 2020, 2021
September 28 The protection (prevention and management) station appointed from the highest environmental court (EPCA) will analyze the authorities to share certain measures to fight the air pollution in Moscow, and are filthy and flammable in residential areas. I asked to silence things. EPCA chairman BHUR LAL, the chief secretary, Vidzhay Devom, and other hig h-ranking talks to create a special group to inspect plastic and rubber garbage in the western and north. In the southern Masudpur and Jamia Nagare, there are many cases where ragged collectors are burning blacks, and the background of the EPCA is divided. Especially in the Yamun River basin, companies are incinerating toxic waste. The eastern pollution lesions, Utumample, are empty, and there are Bajamples, Dalpur, Simapuri, Gandhi Nagar, and welding and grassy workshops. A special promotion is held in a mandori residential area in the northeast gorge. According to EPCA chairman's text, there are many copper wire manufacturing companies in this area that use impure fuel in their furnace.
Source: Business standard
China’s on-grid coal-fired power pricing to change from 1 January
Key: Corporate standards
Source: Business standard
Finland postpones power market information system
Key: Economic Age
Source: Business standard
Indonesia’s PLN eyes 600 MW electricity exports to peninsular Malaysia
Key: Economic Age September 29 PTC India Financial Service (PFS) and MDI Gurugaon our business school will develop the potential of infrastructure and more sustainable infrastructure finance. Signed to a cooperative agreement that utilizes people. PFS and MDI include repeated energy information providers, energy transmission/ power generation/ electricity, energy efficiency, climate defense funding, roads, water supply, waste, electric mobility, public private partnerships, risk management, risks We are working to create the ability to produce implicit energy, such as modernization of the management environment.
Source: Business standard
INTERNATIONAL: NON-FOSSIL FUELS/ CLIMATE CHANGE TRENDS
US group forms to defend natural gas against anti-fossil fuel measures
September 29 said the Minister of Transportation of Nitin Gakari said that the central government was proposing energy use in three ports in the state. According to his sentence, a proposal to use wind energy at Tutikorin, Kandla and Paradipe Port has been deleted with the Minister of Energy R. K. SINGHU Federal Energy. He said that the project is considering built a seawater desalating plant in these three ports to solve the problem of drinking water.
Source: Business standard
Trump administration close to finalizing biofuel deal
September 28 The protection (prevention and management) station appointed from the highest environmental court (EPCA) will analyze the authorities to share certain measures to fight the air pollution in Moscow, and are filthy and flammable in residential areas. I asked to silence things. EPCA chairman BHUR LAL, the chief secretary, Vidzhay Devom, and other hig h-ranking, requested a special group to inspect plastic and rubber garbage in the west and northern part. In the southern Masudpur and Jamia Nagare, there are many cases where ragged collectors are burning blacks, and the background of the EPCA is divided. Especially in the Yamun river basin, companies are incinerating toxic waste. The eastern pollution lesions, Utumample, are empty, and there are Bajamples, Dalpur, Simapuri, Gandhi Nagar, and welding and grassy workshops. A special promotion is held in a mandori residential area in the northeast gorge. According to EPCA chairman's text, there are many copper wire manufacturing companies in this area that use impure fuel in their furnace.
Source: Business standard
Poland needs $760-$980 bn to reach zero emissions: Energy Minister
September 27 Tata Power Solar has won the bid for a 105MW fuel zone fuel generation plan in Kerala. The plan will be sold at the NTPC Ltd reservoir in Kamkulam, which is surrounded by the state, and will be put into service by the 21st of January at the latest. Tata Power Solar has a 29-year history and is one of the world's leading solar panel manufacturers and India's leading specialized player EPC.
Source: Business standard
Polish utility Enea looks to boost renewables
September 26 Gujarat Energy Minister Saurabh Patel said that the state government's schedule for rooftop solar panels is essentially to be worked out by March 2nd of this year. In line with this schedule, people will have every chance to introduce solar panels to produce electricity on the roofs of their houses and in case of surplus power, they will have every chance to implement it in the power system. According to the statement, the state government has provided Rs 100 crore in this year's budget to implement the plan. Households that install solar panels will be given a subsidy of 40% for 2kV (kW) of electricity and 20% for systems of 3-10kW by the government.
Source: Business standard
Pakistan launches solar energy project to electrify 10k houses
September 26 Prime Minister Narendra Modi said that India's non-consideration as a member of the Group of Nuclear Suppliers (GIAP) effectively hampers its ability to obtain fuel supplies required for nuclear power generation and that if this is decided inconsistently, the state has the ability to freeze for the rest of the world. One of the challenges before us is nuclear power. According to his writing, if India finds a conclusion to this difficult issue, the state has the option to freeze in this field for the whole world. China has repeatedly blocked India in the 48-member group that regulates major nuclear trade.
{Space}
Thousands at Swiss climate rally demand end of fossil fuel use
September 26 Following Modi's remarks on increasing capacity for the production of ecologically unclaimed energy, Guardian Minister Araundprakash Javadekar Wednesday said the state has already completed within 50% of the task set by 2022. The minister said the states have actually achieved what was initially "impossible." Modi announced that over 80 states have actually been applied by India to the International Saini Alliance (ISA).
{Space}
German climate plan envisages more investment, renewables growth
NTPC LTD. announced on September 25 that it has signed a total of 520 MW hydroelectric projects with Himara Pradesh. Seri and Miyar's hydropower projects are located in the Chenab River basin in Lahor & Spiti. Sat (400MW) -In the project in the pond diagram, it is in the tributary of the Miyarchenab River, a project without a prison diagram.
Source: Business standard
China sea levels, temperatures rising amid climate change
According to the U S-US Energy Information Bureau (EIA) a month, US crude oil production in July was 1, 181. 11, 000 barrels, a decrease of 276. 000 barrels, and decreased for three consecutive months from the day's highest day in April. did. North Dakota's production was 14. 000 barrels of 14. 14 million barrels, and production in Texas increased by 40. 000 barrel, and for the first time in 1981, the institution started tracking prey for the first time. Beyond the barrel. With an increase in production in Texas and North Dakota, the United States has become the world's largest oil producing country, surpassing Saudi Arabia and Russia. However, earlier this year, the growth rate has slowed down due to the reduced oil excavation for 10 consecutive months.
Source: Business standard
Minnesota, New Mexico to adopt California vehicle emissions rules
On September 26, the Brazilian Navy and the Petroleum Company Petroleo Brasileiro Sa concluded that it was not mined in Brazil as a result of investigating oil leaked on the northeastern part of the country. Petro brass states that the leaked oil is not produced in Brazil. Nevertheless, the company is helping to clean the coast. Approximately 100 Petrobras employees are working to eliminate the influence of the outflow.
Source: Business standard
Latin America pledges 70 percent renewable energy, surpassing EU: Colombia’s Energy Minister
September 26, Kazakhstan and Russia have agreed to Kazakhstan's petroleum pollution supplied by pipeline by Transneft, Russia, with $ 15 per barrel compensation, Kanato Bosn Baeev, a phase of Kazakhstan. He said. According to Minister Bosn Baev, Kazakhstan will supply 90 million tons of oil next year without interruption of important deposits.
Source: Business standard
Sri Lanka invites bids for 10 MW of solar projects with energy storage
Source: Business standard
According to the U S-US Energy Information Bureau (EIA) a month, US crude oil production in July was 1, 181. 11, 000 barrels, a decrease of 276. 000 barrels, and decreased for three consecutive months from the day's highest day in April. did. North Dakota's production was 14. 000 barrels of 14. 14 million barrels, and production in Texas increased by 40. 000 barrel, and for the first time in 1981, the institution started tracking prey for the first time. Beyond the barrel. With an increase in production in Texas and North Dakota, the United States has become the world's largest oil producing country, surpassing Saudi Arabia and Russia. However, earlier this year, the growth rate has slowed down due to the reduced oil excavation for 10 consecutive months.
EDF warns UK nuclear plant could cost extra $3.6 bn
Source: Reuters
Source: Business standard
Italian O&G group Eni to start cooperation with Mainstream on renewables
Source: Reuters
Source: Business standard
Environmental campaigners want EU to curb Balkans hydropower incentives
Source: Reuters September 25 NTPC LTD. announced that it has signed a total of 520 MW hydroelectric projects with Himara Pradesh. Seri and Miyar's hydropower projects are located in the Chenab River basin in Lahor & Spiti. Sat (400MW) -In the project in the pond diagram, it is in the tributary of the Miyarchenab River, a project without a prison diagram.
Source: Business standard
DATA INSIGHT
Domestic LPG prices in India: Subsidised & non-subsidised
According to the U S-US Energy Information Bureau (EIA) a month, US crude oil production in July was 1, 181. 11, 000 barrels, a decrease of 276. 000 barrels, and decreased for three consecutive months from the day's highest day in April. did. North Dakota's production was 14. 000 barrels of 14. 14 million barrels, and production in Texas increased by 40. 000 barrel, and for the first time in 1981, the institution started tracking prey for the first time. Beyond the barrel. With an increase in production in Texas and North Dakota, the United States has become the world's largest oil producing country, surpassing Saudi Arabia and Russia. However, earlier this year, the growth rate has slowed down due to the reduced oil excavation for 10 consecutive months.
Source: Reuters