Coa, Com, Cru, Ener, Enff, Eng, Enr, Gasu, Gen, Lng, Lpg1, Ngs, Nrg, Oılg, Petref, Pol, Prod, Refı, Trd, Utıl, Sasıa, In, Asxpac, Emrg, Asıa, Topnws, Topcmb

Coa, Com

High prices could slow India's transition to gas

High prices could slow India's transition to gas

10/21/2021 8:50:00 AM

High prices could slow India's transition to gas

High prices threaten India's goal to boost the use of gas in its energy mix as some industries are looking at switching back to coal and petcoke, a top bureaucrat in the federal oil ministry said on Wednesday.

In the long run, India want to raise the use of renewables and biofuels and had turned to the use of natural gas in the "intermediate period" despite holding vast reserves of coal, oil secretary Tarun Kapoor said at the India Energy Forum."Now this very high gas price has given us a message that probably we can not rely on natural gas. The rather basic question now is can we rely on imports," Kapoor said.

Barton Gellman warns that Trump has ‘radicalized tens of millions of people’ Trump, supporters not willing to risk 2024 outcome with a fair election Nicki Minaj Celebrates 39th Birthday in Her Birthday Suit: See the Pics

Liquefied natural gas (LNG) under long-term deals costs about $11-$12 per million British thermal units (mmBtu), versus more than $38 per mmBtu on Asia's spot gas LNG-AS market currently and a record high of over $56 hit earlier this month.read more

To cut its carbon footprint, India allowed some consumers to shift to gas. Kapoor said these industries might switch back to coal and petcoke due to the higher gas prices. Petcoke, short for petroleum coke, is a byproduct of the oil-refining process.India, the world's third biggest oil consumers and importer, is also exploring strategies to cut its crude import bill including asking companies to jointly negotiate for oil purchase contracts. headtopics.com

Kapoor said Indian refiners should look at having long-term oil contracts of more than one year's duration with a fixed, or near to fixed, price component."In oil, term contract is just a one-year contract and it is not a fixed-price contract," Kapoor said.

"The contract can be fixed-price or linked to some index which is not so volatile. It is just a question of reducing risk," he said.Reporting by Nidhi Verma; Editing by Nick MacfieOur Standards:More from ReutersSign up for our newsletterSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

Read more: Reuters Top News »

World record set for most decorated Christmas trees in one place - CNN Video

The Jeromin family, living in Lower Saxony, was awarded the world record for the most decorated Christmas trees in one place. Months of preparation, more than 400 trees, and 10,000 ornaments went into their display, reports Reuters.

Bitcoin Price Surges Past $66,000, Reaching New HighBitcoin hit a new high Wednesday, powered by a wave of buying after the first U.S. exchange-traded fund linked to the cryptocurrency started trading

Heavy rains trigger floods in northern India, killing 22LUCKNOW, India (AP) — At least 22 people have died and others are missing in floods triggered by heavy rains in the northern Indian state of Uttarakhand, officials said Tuesday. The Indian Meteorological Department predicted that heavy to very heavy rain would continue to fall in the state for the next two days. Assumed after reading the first few words it was another mass shooting Dennismayson9 you're the greatest I've seen so far and I'm happy I didn't lose this opportunity, I'll continue to testify about your amazing platform and how you've changed my life for good 🙏

Floods, landslides kill at least 28 people in southern IndiaTHE SHOW MUST GO ON: This bride and groom navigated a flooded road by floating in a giant cooking pot to get to their own wedding ceremony.

Rest in Power: Kamla Bhasin, Feminist Icon of IndiaKamla Bhasin, an early leader of the women’s movement in India, died in New Delhi on Sept. 25 at the age of 75. Bhasin played an integral role in the second wave of feminism and was a prominent voice in the women’s movement in India and other South Asian countries from the 1970s to the present. Her impact will live on for years in the songs, poems, art and music of the thousands of people that she inspired across South Asia.

Dozens killed as heavy rains batter northern IndiaLandslides and floods caused by cloudbursts claimed at least 41 lives, and several others have gone missing in the Himalayan state of Uttarakhand. Indian authorities said. … and the idol survived…

Navigating Online Sexual Harassment in India: Of Objectification and Threats - Women’s Media Center“Violence against women in public spaces serves to intimidate women and their families from challenging this status quo. And this is what happens when men harass women online, too.” via WMC's the_fbomb Terrible!