US energy majors want govt to give them larger access to Indian markets

Source: Business Standard, Apr 18, 2018

New Delhi: The United States government has praised India for buying LNG, oil and coal from it but has offered little business interests in return, at the end of the First Strategic Energy Partnership between the two countries.

US Energy Secretary, Rick Perry offered no signs of having nudged investment by American companies in India’s oil and gas exploration blocks. He did not say if Washington will ease off on the cases it has dragged India into at the WTO dispute resolution forum for alleged favours shown by New Delhi to domestic solar companies and said it will wait for outcomes before signing on to membership of India promoted International Solar Alliance.

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India-US to strengthen its alliance in oil & gas, power, renewable energy

download (8)Source: Business Standard, Apr 18, 2018

New Delhi: India and the United States on Tuesday decided to increase its co-operation in oil and gas, power, renewable energy and coal sectors during the first meeting of the US-India Strategic Energy Partnership.

US president Donald Trump and Prime Minister Narendra Modi had announced the partnership on June 26, 2017, in Washington, D.C. Through the partnership, the United States and India collectively seek to enhance energy security, expand energy and innovation linkages across respective energy sectors, bolster strategic alignment, and facilitate increased industry and stakeholder engagement in the energy sector, the government said in a statement.

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Indian Oil, HPCL, BPCL to invest Rs10,000 crore for Bio-CNG plants

Source: LiveMint.com, Apr 10, 2018

Mumbai: State-run oil marketing companies Indian Oil Corporation (IOC); Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) plan to spend nearly Rs10,000 crore to set up Bio-CNG plants across India to promote clean fuel and reduce the country’s fuel import bill, two people aware of the development said.

The Bio-CNG plan will be detailed in the national biofuels policy to be released this month, the people added.

The policy will detail a Rs1 trillion investment opportunity under Waste-to-Wealth projects.

Bio-CNG is a purified form of biogas with over 95% pure methane. It is similar to natural gas in its composition (97% methane) and energy potential.While natural gas is a fossil fuel, Bio-CNG is a renewable form of energy produced from agricultural and food waste.

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Natural gas may play a major role in India-Cyprus bilateral trade

download (5).jpgSource: Business Standard, Apr 10, 2018

Kolkata: Natural gas has the potential to play an important role in greater bilateral trade between Cyprus and India in the years to come, a diplomat said on Monday.

“India is a major natural gas importer and here Cyprus may play a role in exporting gas to India,” Cyprus High Commissioner to India Demetrios A Theophylactou said on Monday during an interactive session at the Merchants’ Chamber of Commerce and Industry.

He, however, clarified that no serious dialogue had been going on at present between the two countries in this regard.

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National Electricity Plan revised to make room for more coal

Source: Business Standard, Apr 09, 2018

New Delhi: The Central Electricity Authority (CEA) has revised the National Electricity Plan (NEP) after getting feedback from more than 30 state-owned and private institutions, mostly questioning the redundancy of coal. From retiring coal-based power completely, the CEA has said India would need 6,440 Mw thermal power during 2017-22.

In the earlier version of the NEP, which was out in 2017, the CEA had said the country did not need coal-based capacity addition till 2022.

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Now, India is the third largest electricity producer ahead of Russia, Japan

Source: Business Standard, Mar 26, 2018

New Delhi: India’s electricity production grew 34% over seven years to 2017, and the country now produces more energy than Japan and Russia, which had 27% and 8.77% more electricity generation capacity installed, respectively, than India seven years ago.

India produced 1,160.10 billion units (BU) of electricity–one BU is enough to power 10 million households (one household using average of about 3 units per day) for a month–in financial year (FY) 2017. Electricity production stood at 1,003.525 BU between April 2017-January 2018, according to a February 2018 report by India Brand Equity Foundation (IBEF), a trust established by the commerce ministry.

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Punjab approves policy for gas pipeline laying

Source: The Economic Times, Mar 21, 2018

CHANDIGARH: The Punjab Cabinet on Wednesday approved policy guidelines to facilitate laying of gas pipelines across the state.

The move is in line with a High Court directive to the state government to frame a uniform policy for laying of such pipelines. The policy has been drafted by the Local Government Department after examining the policy of Gujarat as suggested by the Petroleum and Natural Gas Regulatory Board (PNGRB), and in consultation with the concerned departments.

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