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Mumbai: Equity indices in Asia were under pressure on Thursday after Iran said the US violated the recently announced two-week ceasefire. Iran closed the Strait of Hormuz less than 24 hours after agreeing to a ceasefire with the US. Following this, the June contract of Brent Crude oil futures rose by 2% to nearly $97 per barrel. South Korea's benchmark index Kospi declined the most among its peer indices, after gaining for the previous four straight sessions. Japan's benchmark index Nikkei 225, ...Read More >
Jindal Steel pioneers the use of syngas in its steel production processes, offering a sustainable solution to natural gas shortages and promoting energy efficiency in the steel industry. IMAGE: Photograph: Wolfgang Rattay/ReutersKey PointsJindal Steel has successfully deployed syngas in galvanising and colour coating line furnaces to mitigate natural gas, LPG, and propane shortages.The company is the first in the steel industry to use syngas in these finishing processes, ensuring continuous ope ...Read More >
India's ongoing Liquefied Petroleum Gas (LPG) crisis has exposed the vulnerability of the country's cooking fuel supply chain, prompting renewed calls for diversification and a stronger push toward domestic alternatives such as ethanol. The disruption stems largely from geopolitical tensions in West Asia, particularly the conflict involving Iran, which has slowed shipments passing through the strategically vital Strait of Hormuz. The narrow maritime corridor handles a major share of India's LPG ...Read More >
New Delhi: Jindal Steel achieved a global first by establishing India's first coal gasification-based Direct Reduced Iron (DRI) plant, using syngas for iron-making. In response to shortages of natural gas, LPG and propane, Jindal Steel has successfully deployed syngas in galvanising and colour coating line furnaces, marking the first such application in the steel industry. Jindal Steel has also injected syngas into its blast furnace, reducing dependence on imported coking coal and lowering car ...Read More >
Mumbai, 6 April (Argus) -- Indian producer Jindal Steel has started using synthesis gas (syngas) at its galvanizing and colour coating units to offset natural gas and propane shortages, the company said today. Jindal was previously using syngas to produce direct-reduced iron (DRI), but has now extended its use to downstream operations, a spokesperson told Argus. The shift comes in response to shortages of natural gas and propane stemming from the US-Iran war, which has hampered India's coated ...Read More >
New Delhi, Apr 6 (PTI) Jindal Steel on Monday said it has deployed syngas in galvanising and colour coating line furnaces to counter the shortage of natural gas, LPG and propane, enabling the company to sustain operations amid supply disruptions. Syngas, or synthesis gas, is a clean-burning fuel that offers a way to convert waste and biomass into valuable energy, acting as a circular energy source. The innovative switch to syngas -- produced through gasification of coal -- has allowed the comp ...Read More >
New Delhi: Jindal Steel is positioning itself at the forefront of India's energy transition in steelmaking by scaling coal gasification technologies across its operations. The company has achieved a global first by setting up India's first coal gasification-based Direct Reduced Iron plant, using syngas derived from domestic coal for iron-making. This move represents a shift away from conventional fuel sources and underscores a strategic push toward self-reliance. By tapping into indigenous coal ...Read More >
The government is taking several measures to reduce India's dependence on imported Liquefied Petroleum Gas (LPG) and enhance energy security in the medium to long term, including prioritising piped natural gas (PNG) and renewable energy development such as solar, wind, bioenergy and green hydrogen, minister of state for environment Suresh Gopi informed the Lok Sabha on Thursday. He said that India imports about 60% of its LPG needs, with nearly 90% of supplies transiting through the Strait of H ...Read More >
New Delhi: The government is taking several measures to reduce LPG import dependence and enhance energy security over the medium to long term, minister of state for environment Suresh Gopi informed the Lok Sabha on Thursday in a written response. These include prioritising piped natural gas (PNG) and renewable energy development, including solar, wind, bioenergy and green hydrogen. Further, as part of a strategy to diversify LPG imports, PSU oil marketing companies have recently concluded cont ...Read More >
New Delhi, Apr 2 (PTI) The government has directed oil refineries to divert a portion of the feedstock normally used for producing cooking gas (LPG) to industries affected by the ongoing petrochemical shortage, which spans sectors from packaging to condom manufacturing. The Ministry of Petroleum and Natural Gas, on April 1, directed refineries to allocate a portion of propylene to the petrochemical industry, which has been severely affected, as most feedstock has been diverted for cooking gas ( ...Read More >
MORBI (India), April 1 -- Blazing-hot kilns in India's US$6.5 billion (RM26.2 billion) ceramics manufacturing hub employing hundreds of thousands of people have gone cold, shut down in an energy crunch caused by the Middle East war. At a cavernous facility in Morbi, in India's western Gujarat state, a 200-metre-long propane-powered kiln that normally fires clay nonstop is silent. It is one of hundreds of plants supplying homeware tiles across the world that have been forced to suspend operation ...Read More >
Hundreds of ceramics manufacturing plants in India have shut down due to an energy crunch caused by the Middle East war Blazing-hot kilns in India's $6.5 billion ceramics manufacturing hub employing hundreds of thousands of people have gone cold, shut down in an energy crunch caused by the Middle East war. At a cavernous facility in Morbi, in India's western Gujarat state, a 200-metre-long propane-powered kiln that normally fires clay nonstop is silent. It is one of hundreds of plants supplyin ...Read More >
New Delhi: City gas distributors are finding it increasingly difficult to acquire new industrial and commercial customers as natural gas remains costlier than competing liquid fuels. In the first half of this financial year, new factory connections fell 39% year-on-year, while additions in the commercial segment declined 17%, according to data published by the Petroleum and Natural Gas Regulatory Board. City gas companies added only 555 new industrial customers and 1,599 commercial customers du ...Read More >
Oil and Natural Gas Corporation (ONGC) collaborates with Japan's Mitsui OSK Lines. They will construct two very large ethane carriers. These carriers will import petrochemical feedstock for ONGC's subsidiary. This move addresses changes in liquefied natural gas (LNG) composition from Qatar. ONGC aims to secure feedstock for its petrochemical plant. Ethane imports are planned to start by mid-2028.State-owned Oil and Natural Gas Corporation (ONGC) has signed an agreement with Japan's Mitsui OSK Li ...Read More >
New Delhi, Jul 3 (PTI) State-owned Oil and Natural Gas Corporation (ONGC) has signed an agreement with Japan's Mitsui OSK Lines to enter into a partnership to build two very large ethane carriers that will be used to import petrochemical feedstock for its subsidiary. In a regulatory filing, ONGC said it signed a Heads of Agreement on Thursday with Mitsui "to enter into a partnership to build, own and operate two very large ethane carriers (VLECs). It, however, did not give financial details of ...Read More >
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