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Jul 2016
A large private sector port is undertaking a Rs 3500 crore expansion plan.
8The port capacity is sought to be expanded to 50 MMTPA
8The length of the current berth is sought to be doubled
8An additional yard is also being developed
8Immediate business development activity of around Rs 800 crore is available.
Click on Reports for more Details
8The port capacity is sought to be expanded to 50 MMTPA
8The length of the current berth is sought to be doubled
8An additional yard is also being developed
8Immediate business development activity of around Rs 800 crore is available.
Click on Reports for more Details
As India becomes more conscious of the environment impact of industrial enterprises, particularly in areas such as the oil and gas industry, managing the conflict with the environment will be one of the biggest challenges going ahead.
8An operator cannot take lightly the impact that his operations are going to have on biodiversity anymore.
8It will no longer be possible to damage the environment. There will be a high price to pay.
8Management of bio diversity and eco systems has become a specialized science and companies will have to put equal emphasis in this area as it does to drilling, pipeline laying and other development work.
8Experts are now developing an Operating Management System, which is an an integrated framework to address a broad range of potential risks in oil and gas operations, including those arising in the areas of occupational safety and health,environmental and social responsibility, process safety, and quality and security.
8In such a system, managing environmental issues is given vital emphasis.
8Engaging the stakeholders and managing their expectations has become extremely crucial.
8GAIL's failure to communicate with stakeholders in Tamil Nadu and allay their fears while laying gas pipelines in the state has resulted in the creation of a stranded LNG terminal in Kochi.
The cost of such failures is too high and companies can't risk such failures any more.
8For successful environment mitigation, understanding the baseline information or tabulating such information also becomes important.
8Measuring and reporting of environmental parameters is now an essential ingredient in project development but project developers continue to give low weightage to it.
8Spending in this field must be raised by Indian companies as the cost benefits of effective environment management is very high.
8For reference purposes, the website carries here scores of links and many case studies of oil and gas companies which have tackled complex environmental issues through the use of sophisticated tools.
8Sadly, Indian companies continue to stay uneducated in this area.
8This document is a must read for top management of all oil companies in India.
Click on Reports for more. Details
8An operator cannot take lightly the impact that his operations are going to have on biodiversity anymore.
8It will no longer be possible to damage the environment. There will be a high price to pay.
8Management of bio diversity and eco systems has become a specialized science and companies will have to put equal emphasis in this area as it does to drilling, pipeline laying and other development work.
8Experts are now developing an Operating Management System, which is an an integrated framework to address a broad range of potential risks in oil and gas operations, including those arising in the areas of occupational safety and health,environmental and social responsibility, process safety, and quality and security.
8In such a system, managing environmental issues is given vital emphasis.
8Engaging the stakeholders and managing their expectations has become extremely crucial.
8GAIL's failure to communicate with stakeholders in Tamil Nadu and allay their fears while laying gas pipelines in the state has resulted in the creation of a stranded LNG terminal in Kochi.
The cost of such failures is too high and companies can't risk such failures any more.
8For successful environment mitigation, understanding the baseline information or tabulating such information also becomes important.
8Measuring and reporting of environmental parameters is now an essential ingredient in project development but project developers continue to give low weightage to it.
8Spending in this field must be raised by Indian companies as the cost benefits of effective environment management is very high.
8For reference purposes, the website carries here scores of links and many case studies of oil and gas companies which have tackled complex environmental issues through the use of sophisticated tools.
8Sadly, Indian companies continue to stay uneducated in this area.
8This document is a must read for top management of all oil companies in India.
Click on Reports for more. Details
After reaching a peak of $6.68/mmbtu on June 15, 2016, the price of rich gas from RasGas saw a downward climb to $6.67/mmbtu this week.
8In contrast, spot cargo prices have been significantly lower.
8A spot cargo from EG LNG based out of Equatorial Guinea to Shell's Magdalla (Hazira) terminal was priced at $5.22/mmbtu recently.
8Similarly, another cargo from Nigeria LNG Ltd unloaded at PLL's Dahej terminal went for $5.53/mmbtu.
8When the RasGas price was ruling high, an Australian cargo came in, at a price of $6.95/mmbtu
8The differential between spot and RasGas price is high at present and this is causing resistance among buyers for long term gas.
Click on Details for more Details
8In contrast, spot cargo prices have been significantly lower.
8A spot cargo from EG LNG based out of Equatorial Guinea to Shell's Magdalla (Hazira) terminal was priced at $5.22/mmbtu recently.
8Similarly, another cargo from Nigeria LNG Ltd unloaded at PLL's Dahej terminal went for $5.53/mmbtu.
8When the RasGas price was ruling high, an Australian cargo came in, at a price of $6.95/mmbtu
8The differential between spot and RasGas price is high at present and this is causing resistance among buyers for long term gas.
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Mainline repair job of IPS findings in Odisha sector of Balasore-Haldia Section of PHBPL, Paradip [IOC] Details
8Supply, Installation and Commissioning of Mass Flow Meters, Bongaigaon Refinery [IOC] Details
8Supply & Commissioning of Tube Insert for Heat Exchangers, Mathura Refinery [IOC] Details
8Consultancy Services for the construction of Mounded Bullets at Indane Bottling Plant, Rajasthan [IOC] Details
8Procurement of Ball Valves for Auriya-Thulendi-Phulpur section of VAPPL [GAIL] Details
8Hiring of O&M Services for CGD Network at Sonepat, Meerut, Dewas, Kota and Mandi Govindgarh [GAIL Gas Limited] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8MNGL supplies PNG to 50K houses in Pune and Pimpri Chinchwad Details
8Crude stays near 2-month low on oil glut worries Details
8Oil prices extend losses on supply worries Details
8Merger with Cairn India to lift Vedanta stock: Ashish Kejriwal, Elara Capital Details
8Asia's gasoline party crashed by China and India: Russell Details
8Israel's Delek applied to explore oil, natgas off Cyprus with Cairn Energy Details
8Centre sticks to GAIL pipeline plan Details
8Vedanta may rise as Cairn merger terms 'favourable' Details
8China plans 70 mln cubic meters for strategic oil storage - state paper Details
8Emerging market inflows boost demand for Indian dollar bonds Details
8Cairn-Vedanta merger to happen by 2016-end, says Anil Agarwal Details
8Government exploring ways to bring petro products under DBT: Dharmendra Pradhan Details
8NoC must if fuel pumps want to switch business Details
8GAIL India in talks with Gazprom to renegotiate gas deals Details
8Oil and Gas exploration firms to be exempt from subsidy contribution Details
8Iraq overtakes S Arabia as India's top oil seller Details
8Oil prices slide on oversupply, economic headwinds Details
8Is India ready for a monolithic public sector oil company? Details
You can also click on Newsclips for more Details
8Mainline repair job of IPS findings in Odisha sector of Balasore-Haldia Section of PHBPL, Paradip [IOC] Details
8Supply, Installation and Commissioning of Mass Flow Meters, Bongaigaon Refinery [IOC] Details
8Supply & Commissioning of Tube Insert for Heat Exchangers, Mathura Refinery [IOC] Details
8Consultancy Services for the construction of Mounded Bullets at Indane Bottling Plant, Rajasthan [IOC] Details
8Procurement of Ball Valves for Auriya-Thulendi-Phulpur section of VAPPL [GAIL] Details
8Hiring of O&M Services for CGD Network at Sonepat, Meerut, Dewas, Kota and Mandi Govindgarh [GAIL Gas Limited] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8MNGL supplies PNG to 50K houses in Pune and Pimpri Chinchwad Details
8Crude stays near 2-month low on oil glut worries Details
8Oil prices extend losses on supply worries Details
8Merger with Cairn India to lift Vedanta stock: Ashish Kejriwal, Elara Capital Details
8Asia's gasoline party crashed by China and India: Russell Details
8Israel's Delek applied to explore oil, natgas off Cyprus with Cairn Energy Details
8Centre sticks to GAIL pipeline plan Details
8Vedanta may rise as Cairn merger terms 'favourable' Details
8China plans 70 mln cubic meters for strategic oil storage - state paper Details
8Emerging market inflows boost demand for Indian dollar bonds Details
8Cairn-Vedanta merger to happen by 2016-end, says Anil Agarwal Details
8Government exploring ways to bring petro products under DBT: Dharmendra Pradhan Details
8NoC must if fuel pumps want to switch business Details
8GAIL India in talks with Gazprom to renegotiate gas deals Details
8Oil and Gas exploration firms to be exempt from subsidy contribution Details
8Iraq overtakes S Arabia as India's top oil seller Details
8Oil prices slide on oversupply, economic headwinds Details
8Is India ready for a monolithic public sector oil company? Details
You can also click on Newsclips for more Details
Last week the Indian team had an interactive session in Houston on its Discovered Small Field Bid Round 2016.
8This website continues to maintain that the size of the fields and quantum of investment needed did not require an international road show.
8For international investors, there are many more lucrative investment opportunities available around the world and given India's size and clout as an energy consumer, showcasing limited investment opportunities in its small and marginal fields may not have created the right impressions.
8A single deepwater field in offshore Brazil or Africa or even Mexico will contain more reserves than all of India's marginal fields put together.
8Also see our article under Tenders and Newsclips "Global oil companies keen to tap opportunities in India" to find out why the government thinks otherwise.
8The website carries here the details of the presentation made in Houston for our readers reference Details
8This website continues to maintain that the size of the fields and quantum of investment needed did not require an international road show.
8For international investors, there are many more lucrative investment opportunities available around the world and given India's size and clout as an energy consumer, showcasing limited investment opportunities in its small and marginal fields may not have created the right impressions.
8A single deepwater field in offshore Brazil or Africa or even Mexico will contain more reserves than all of India's marginal fields put together.
8Also see our article under Tenders and Newsclips "Global oil companies keen to tap opportunities in India" to find out why the government thinks otherwise.
8The website carries here the details of the presentation made in Houston for our readers reference Details
One set of parameters that require monitoring from oil and gas industry analysts is Consent to Operate approvals given for offshore facilities
The website carries here a detailed list of such consents given for:
8Offshore jack up rigs
8Process platforms
8Well head platforms
Click on Reports for more Details
The website carries here a detailed list of such consents given for:
8Offshore jack up rigs
8Process platforms
8Well head platforms
Click on Reports for more Details
Two case analyses are carried here of industrial accidents in oil and gas assets in India.
8One relates to a fire resulting from a MS pipeline from a jetty to a marketing terminal and the consequent spillage of oil on to the sea.
8The leak was was on account of corrosion in the piping system.
8The suggested safety measures to avoid such incidents is a must read for those in the business of pumping oil from jetties to oil terminals.
8The other case history pertains to the uncontrolled flow of gas from a well when the fishing string was pulled out.
8Here again, the observations made to avoid such an incident has important takeaways for HSE managers
Click on Reports for more. Details
8One relates to a fire resulting from a MS pipeline from a jetty to a marketing terminal and the consequent spillage of oil on to the sea.
8The leak was was on account of corrosion in the piping system.
8The suggested safety measures to avoid such incidents is a must read for those in the business of pumping oil from jetties to oil terminals.
8The other case history pertains to the uncontrolled flow of gas from a well when the fishing string was pulled out.
8Here again, the observations made to avoid such an incident has important takeaways for HSE managers
Click on Reports for more. Details
The government is committed to go ahead and implement a 10% ethanol blending programme but the actual percentage blending figures are very low. The website carries here the actual ethanol blending that has occurred in the last five years for ready reference.
8The government estimates that at current crude prices, India will save Rs.8,000 crore over the remaining period of contract with Ras Gas under the revised pricing formula. Click on Reports for more.
8The petroleum ministry has rejected Tamil Nadu's claim for withdrawal of the notificarions that allow GAIL to lay its Kochi gas evacuation network through agricultural land in the state. Find out the technical and legal reasons extended by the petroleum ministry to reject the claim.
8Find out more on how the government plans to tackle the demand for LPG cylinders within 48 hours in hilly states.
8Details are given here on net domestic gas production (net of flare and loss), LNG import, total consumption and import dependency over the last three years.
8Copy of the appointment letter of Utpal Bora, CMD of OIL for a period five years is carried here for reference purposes.
Click on Reports for more. Details
8The government estimates that at current crude prices, India will save Rs.8,000 crore over the remaining period of contract with Ras Gas under the revised pricing formula. Click on Reports for more.
8The petroleum ministry has rejected Tamil Nadu's claim for withdrawal of the notificarions that allow GAIL to lay its Kochi gas evacuation network through agricultural land in the state. Find out the technical and legal reasons extended by the petroleum ministry to reject the claim.
8Find out more on how the government plans to tackle the demand for LPG cylinders within 48 hours in hilly states.
8Details are given here on net domestic gas production (net of flare and loss), LNG import, total consumption and import dependency over the last three years.
8Copy of the appointment letter of Utpal Bora, CMD of OIL for a period five years is carried here for reference purposes.
Click on Reports for more. Details
A big expansion of the gas pipeline network is currently on in Goa
8A 24-inch, 178 km pipeline traverses from Karnataka to Goa
8There are also other pipelines being constructed within the state
Click on Details for more information on gas pipelines, geographical spread, and connectivities available in Goa.
Click on Reports for more. Details
8A 24-inch, 178 km pipeline traverses from Karnataka to Goa
8There are also other pipelines being constructed within the state
Click on Details for more information on gas pipelines, geographical spread, and connectivities available in Goa.
Click on Reports for more. Details
The oil terminal fire in Jaipur that killed 11 people had sparked a major overhaul of safety regulations in India's oil and gas installations.
8A comparison shows that the safety landscape has improved substantially since the overhaul was made.
Click on Reports to find out more on changes that have taken place in:
8Mode of operation
8Usage of valves
8Overfill protective system
8ROSOV operations
8Rim Seal fire protection system
8Fire fighting facility
8Centralized foam systems
8Spill protection facilities
8Spill detection devices
8Shutdown systems
Click on Reports for more Details
8A comparison shows that the safety landscape has improved substantially since the overhaul was made.
Click on Reports to find out more on changes that have taken place in:
8Mode of operation
8Usage of valves
8Overfill protective system
8ROSOV operations
8Rim Seal fire protection system
8Fire fighting facility
8Centralized foam systems
8Spill protection facilities
8Spill detection devices
8Shutdown systems
Click on Reports for more Details
Governmental supervision of oil and gas safety is fragmented.
8It is spread out over different government organizations, including the DGMS, PESO, PNGRB and OISD.
8The government has ignited a debate on merging these functions under one entity for better supervision.
8Find out more on why OISD claims that it is best suited for the job.
Click on Reports for more Details
8It is spread out over different government organizations, including the DGMS, PESO, PNGRB and OISD.
8The government has ignited a debate on merging these functions under one entity for better supervision.
8Find out more on why OISD claims that it is best suited for the job.
Click on Reports for more Details
Cairn India's contribution to the Indian oil and gas sector cannot be under estimated: It contributes to about 27% of domestic crude oil production, reducing India’s import bill by over Rs 21,000 crore while contributing Rs 10,000 crore to the exchequer.
8Future business development opportunities will arise after the Field Development Plan for the EOR in the Aishwariya onland field in the Rajasthan block is submitted
8The revised FDP for the Bhagyam EOR is expected to be submitted next year
8The Barmer Hill prospect in the Aishwariya field provides an excellent growth opportunity. Its development will take place in stages.
8Then again, to finalize the development plan for Mangala Barmer Hill, appraisal, internal studies and field pilots are being carried out.
8Watch out for more contracts from Cairn in the coming years.
Click on Reports for more Details
8Future business development opportunities will arise after the Field Development Plan for the EOR in the Aishwariya onland field in the Rajasthan block is submitted
8The revised FDP for the Bhagyam EOR is expected to be submitted next year
8The Barmer Hill prospect in the Aishwariya field provides an excellent growth opportunity. Its development will take place in stages.
8Then again, to finalize the development plan for Mangala Barmer Hill, appraisal, internal studies and field pilots are being carried out.
8Watch out for more contracts from Cairn in the coming years.
Click on Reports for more Details
There are many tangible parameters by which energy efficiency can be matrixed in India.
In buildings, the following parameters are applicable:
8Residential and Commercial Building Codes
8Appliance and Equipment Standards
8Appliance and Equipment Labeling
8Building Retrofit Policies
8Building Labeling
8Energy Intensity of Residential and Commercial Buildings
8Buildings Best Practices
In industry the following matrices are used:
8Energy Intensity of Industry
8Voluntary Agreements with Manufacturers
8Mandate for Energy Managers
8Mandatory Energy Audits
8Policy to Encourage Energy Management
8CHP Installed Capacity
8CHP Policy
8Standards for Motors
8Investment in R&D
8Energy Intensity of Agriculture
8Industry Best Practices
Click on reports to figure out how India stands with respect to the rest of the world when judged through these parameters Details
In buildings, the following parameters are applicable:
8Residential and Commercial Building Codes
8Appliance and Equipment Standards
8Appliance and Equipment Labeling
8Building Retrofit Policies
8Building Labeling
8Energy Intensity of Residential and Commercial Buildings
8Buildings Best Practices
In industry the following matrices are used:
8Energy Intensity of Industry
8Voluntary Agreements with Manufacturers
8Mandate for Energy Managers
8Mandatory Energy Audits
8Policy to Encourage Energy Management
8CHP Installed Capacity
8CHP Policy
8Standards for Motors
8Investment in R&D
8Energy Intensity of Agriculture
8Industry Best Practices
Click on reports to figure out how India stands with respect to the rest of the world when judged through these parameters Details
It is perverse logic at work that makes India's transport industry one of the most energy efficient in the world.
The following parameters are taken into account while putting together a global matrix for transport efficiency;
8Passenger-Vehicle Fuel Economy and Fuel Economy Standards for Light-Duty Vehicles
8Vehicle Miles Traveled per Capita
8Use of Public Transit
8Investment in Rail Transit versus Roads
8Energy Intensity of Freight Transport
8Fuel Efficiency Standards for Heavy-Duty Vehicles
8Transportation Best Practices
Click on reports to know more on what these indices imply and where India performance in respect to them Details
The following parameters are taken into account while putting together a global matrix for transport efficiency;
8Passenger-Vehicle Fuel Economy and Fuel Economy Standards for Light-Duty Vehicles
8Vehicle Miles Traveled per Capita
8Use of Public Transit
8Investment in Rail Transit versus Roads
8Energy Intensity of Freight Transport
8Fuel Efficiency Standards for Heavy-Duty Vehicles
8Transportation Best Practices
Click on reports to know more on what these indices imply and where India performance in respect to them Details
India has been ranked 14th in the world as measured by a global set of energy efficiency matrices.
8India's percentage change in energy efficiency over the last decade, at 28.9%, is the 6th best performance in the world.
8Interestingly however the ranking is a result of India's poor economic base rather than a concerted effort at driving energy efficiency up.
8India's transportation efficiency is, ironically enough, among the best in the world, as more than 65% of passenger trips utilize public transit but this figure hides more than it reveals.
8The operational efficiency of its thermal power plants is among the lowest in the world.
8In terms of the buldings sector, India's energy efficiency is among the lowest in the world.
8Find out more on the massive opportunities available to improve efficiency in India in many aspects of its economy and the investment opportunities it provides for equipment and service suppliers. Details
8India's percentage change in energy efficiency over the last decade, at 28.9%, is the 6th best performance in the world.
8Interestingly however the ranking is a result of India's poor economic base rather than a concerted effort at driving energy efficiency up.
8India's transportation efficiency is, ironically enough, among the best in the world, as more than 65% of passenger trips utilize public transit but this figure hides more than it reveals.
8The operational efficiency of its thermal power plants is among the lowest in the world.
8In terms of the buldings sector, India's energy efficiency is among the lowest in the world.
8Find out more on the massive opportunities available to improve efficiency in India in many aspects of its economy and the investment opportunities it provides for equipment and service suppliers. Details
The forward curve for oil prices currently peaks at just over $60/bbl well into the mid-2020s
8That is another 5 to 7 years of low oil prices but the point to note is that forward curves are notoriously unreliable.
8More sophisticated investors are signaling that the bottom of the market is near.
8They are now coming forward to buy distressed assets.
8Investors are are getting around to buying producing assets from distressed owners and use forward hedging to lock in the upside, thereby eliminating commodity price risk.
8Find out more on how hedge funds are now setting up investment platforms to buy cheap offshore assets even as for may observers the outlook continues to remain weak. Details
8That is another 5 to 7 years of low oil prices but the point to note is that forward curves are notoriously unreliable.
8More sophisticated investors are signaling that the bottom of the market is near.
8They are now coming forward to buy distressed assets.
8Investors are are getting around to buying producing assets from distressed owners and use forward hedging to lock in the upside, thereby eliminating commodity price risk.
8Find out more on how hedge funds are now setting up investment platforms to buy cheap offshore assets even as for may observers the outlook continues to remain weak. Details
Where has the Foreign Direct Investment of $6.67 billion in the petroleum sector in the last five years gone into?
Find out more on investments made in India by companies, including:
8Hearaeus (one of the world's largest recyclers of reforming catalysts)
8Honeywell
8Shell (which is quietly stealing a march over Exxon Mobil and BP)
8Indorama
8Petrogas & Isomeric Investments (total investment: $444 million)
Find a full update on India's oil and gas sector investments here Details
Find out more on investments made in India by companies, including:
8Hearaeus (one of the world's largest recyclers of reforming catalysts)
8Honeywell
8Shell (which is quietly stealing a march over Exxon Mobil and BP)
8Indorama
8Petrogas & Isomeric Investments (total investment: $444 million)
Find a full update on India's oil and gas sector investments here Details
For reference purposes the website carries here the following tenders:
8Rate Contract for Pipe type Earthing and Drilling Rigs, Assam [ONGC] Details
8Miscellaneous Civil Works for Deployment of Work Over Rig at "NPG-AC" Well site, Rajahmundry Asset [ONGC] Details
8Shutdown Maintenance Jobs of Furnaces, Columns, Vessels, Heat Exchangers and Piping Jobs, Haldia Refinery [IOC] Details
8EOI for Empanelment of Associate Suppliers for supply of PetCoke [MMTC] Details
8Instrumentation cable laying in HGU-1 of New Units and Nitrogen unloading facility of Old Units, Mathura Refinery [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India expands crude oil refinery capacity Details
8Rosneft to sign deal with Essar soon, says Ruia Details
8Essar Group to sell 73% in oil arm Details
8US rig count up 15 this week to 462 Details
8Centre will not force TN to implement CBM project: Pradhan Details
8IOC in talks to buy GSPC's stake in Mundra LNG terminal Details
8Nigeria's MEND says in talks over oil attacks Details
8Libya oil exports threatened as NOC warns against port deal Details
8RIL, BP spend Rs 4,500 cr to maintain gas output at KG-D6 Details
8Cairn India, Vedanta merger sealed with revised terms Details
8Oil-rich Kazakhstan shaken by attacks Details
8Oil futures mixed, face weekly decline as glut fears persist Details
8Rs 392 cr addl royalty burden on ONGC, Rs 1,100cr on Oil India Details
8India's crude oil production fell 4.5% in June Details
8PetroChina plugs gas supply gap after pipeline leak -Xinhua Details
8Top fossil fuel players back PM Narendra Modi’s goal to shore up India's clean energy sector Details
8Essar Power may sell gas-based plants in Gujarat to pare debt Details
8Government set to start talks on merging 13 state oil companies to create behemoth Details
8Global oil companies keen to tap opportunities in India Details
8IOC’s LNG terminal will be ready in 2018 Details
8Gail attempting to renegotiate Gazprom LNG deal Details
8Natural gas a must for development: Pradhan Details
You can also click on Newsclips for more Details
8Rate Contract for Pipe type Earthing and Drilling Rigs, Assam [ONGC] Details
8Miscellaneous Civil Works for Deployment of Work Over Rig at "NPG-AC" Well site, Rajahmundry Asset [ONGC] Details
8Shutdown Maintenance Jobs of Furnaces, Columns, Vessels, Heat Exchangers and Piping Jobs, Haldia Refinery [IOC] Details
8EOI for Empanelment of Associate Suppliers for supply of PetCoke [MMTC] Details
8Instrumentation cable laying in HGU-1 of New Units and Nitrogen unloading facility of Old Units, Mathura Refinery [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India expands crude oil refinery capacity Details
8Rosneft to sign deal with Essar soon, says Ruia Details
8Essar Group to sell 73% in oil arm Details
8US rig count up 15 this week to 462 Details
8Centre will not force TN to implement CBM project: Pradhan Details
8IOC in talks to buy GSPC's stake in Mundra LNG terminal Details
8Nigeria's MEND says in talks over oil attacks Details
8Libya oil exports threatened as NOC warns against port deal Details
8RIL, BP spend Rs 4,500 cr to maintain gas output at KG-D6 Details
8Cairn India, Vedanta merger sealed with revised terms Details
8Oil-rich Kazakhstan shaken by attacks Details
8Oil futures mixed, face weekly decline as glut fears persist Details
8Rs 392 cr addl royalty burden on ONGC, Rs 1,100cr on Oil India Details
8India's crude oil production fell 4.5% in June Details
8PetroChina plugs gas supply gap after pipeline leak -Xinhua Details
8Top fossil fuel players back PM Narendra Modi’s goal to shore up India's clean energy sector Details
8Essar Power may sell gas-based plants in Gujarat to pare debt Details
8Government set to start talks on merging 13 state oil companies to create behemoth Details
8Global oil companies keen to tap opportunities in India Details
8IOC’s LNG terminal will be ready in 2018 Details
8Gail attempting to renegotiate Gazprom LNG deal Details
8Natural gas a must for development: Pradhan Details
You can also click on Newsclips for more Details
The scope of the LSTK contractor for the urea ammonia units will be:
8The LSTK Contractor shall be required to execute a new Single Stream 2200 MTPD Ammonia Plant with Natural Gas as feedstock supplied by OWNER at battery limit and 3850 MTPD prilled Urea Plant and its Associated off Sites and Utility Facilities on LSTK basis
The scope of work is well defined:
8Supply of Process License, Basic Design, Detailed Engineering, Procurement, Supply,Manufacture, Fabrication, Inspection By Third Party Inspection Agency (TPI) as applicable.
8Expediting, Insurance, Transportation of all Equipment & Material to Site including Loading, Unloading, Storage, Maintenance, Construction and Erection of all Civil, Mechanical, Electrical And Instrumentation Works, Installation, Obtaining allNecessary Statutory Approvals from concerned Government Authorities as Applicable,Testing, Mechanical Completion, Pre-Commissioning, Commissioning, Performance Guarantee Test Runs including Total Project Management and Handing over of the concerned unit on single point responsibility basis.
Click on Reports for more Details
8The LSTK Contractor shall be required to execute a new Single Stream 2200 MTPD Ammonia Plant with Natural Gas as feedstock supplied by OWNER at battery limit and 3850 MTPD prilled Urea Plant and its Associated off Sites and Utility Facilities on LSTK basis
The scope of work is well defined:
8Supply of Process License, Basic Design, Detailed Engineering, Procurement, Supply,Manufacture, Fabrication, Inspection By Third Party Inspection Agency (TPI) as applicable.
8Expediting, Insurance, Transportation of all Equipment & Material to Site including Loading, Unloading, Storage, Maintenance, Construction and Erection of all Civil, Mechanical, Electrical And Instrumentation Works, Installation, Obtaining allNecessary Statutory Approvals from concerned Government Authorities as Applicable,Testing, Mechanical Completion, Pre-Commissioning, Commissioning, Performance Guarantee Test Runs including Total Project Management and Handing over of the concerned unit on single point responsibility basis.
Click on Reports for more Details
Should an oil and gas company be part of a consortium that wants to invest in fertilizer plants in India?
8The answer is perhaps a "No".
8Reason: India does not have a comparative advantage in making fertilizers because the cost of imported gas is too high.
8Imports will always be as much as $100 per tonne cheaper than domestic production and manufacturers will be perpetually on government doles.
8If a new government comes in, it may decide to import urea instead of supporting high cost production.
8This is precisely why existing urea manufacturers in the private sector are reluctant to join in and groups such as Tatas are keen to sell their fertilizer assets.
8ONGC has somehow extricated itself from the JV
8The point to note that IOC is not in the JV between NTPC and Coal India but the official note says that it will join in later.
8While the economics are debatable, from the perspective of a supplier of equipment and services, this is a gigantic business development opportunity.
Click on Reports for more Details
8The answer is perhaps a "No".
8Reason: India does not have a comparative advantage in making fertilizers because the cost of imported gas is too high.
8Imports will always be as much as $100 per tonne cheaper than domestic production and manufacturers will be perpetually on government doles.
8If a new government comes in, it may decide to import urea instead of supporting high cost production.
8This is precisely why existing urea manufacturers in the private sector are reluctant to join in and groups such as Tatas are keen to sell their fertilizer assets.
8ONGC has somehow extricated itself from the JV
8The point to note that IOC is not in the JV between NTPC and Coal India but the official note says that it will join in later.
8While the economics are debatable, from the perspective of a supplier of equipment and services, this is a gigantic business development opportunity.
Click on Reports for more Details
The government seems to be not wasting time in pushing through investments in new Rs 6000 crore urea-ammonia plants anymore.
8Soon after approvals have been given by the cabinet, the NTPC-Coal India combine has floated RFQs for 2200 MTPD single stream ammonia and 3850 MTPD urea plants in Sindri, Barauni and Gorakhpur.
8The total investment is a massive Rs 18,000 crore and these projects are all meant to come up within a three to four year time frame, including the contracting process.
8Since these projects are pushed straight from the Prime Minister's Office (PMO) and personally supervised by Nripendra Misra, the Principal Secretary to the Prime Minister, they are likely to go ahead smoothly.
8What is more, the contracting process for these urea ammonia process is uncomplicated and award of contracts can be expected in the next six to eight months.
8The Modi government wants to claim credit for kick starting these projects in the forthcoming UP assembly elections and in the General Elections in 2019. With an eye on over 160 assembly segments in eastern UP, Prime Minister Narendra Modi will kick start the new investment process by laying the foundation stone in Gorakhpur
8The Gorakhpur fertiliser unit used to produce Swastic Chaap Urea and was the second biggest industry in this region after North Eastern Railway. Its sudden closure in early 1990, rendered thousands of people jobless. The BJP feels that the revival of the plant could in turn revive its fortune in this region.
8"By laying the foundation of the AIIMS and the revival of the fertilizer unit, the NDA government has fulfilled two promises which Modi had made in the run up to his 2014 election campaign. Both projects would certainly change the scenario of eastern UP,” stated BJP genral secretary Vijay Bahadur Pathak.
8Similar political traction is expected from the other two units at Sindri and Barauni as well.
8Expect a lot of action on this front from the business development point of view.
Click on Reports for full details on these projects Details
8Soon after approvals have been given by the cabinet, the NTPC-Coal India combine has floated RFQs for 2200 MTPD single stream ammonia and 3850 MTPD urea plants in Sindri, Barauni and Gorakhpur.
8The total investment is a massive Rs 18,000 crore and these projects are all meant to come up within a three to four year time frame, including the contracting process.
8Since these projects are pushed straight from the Prime Minister's Office (PMO) and personally supervised by Nripendra Misra, the Principal Secretary to the Prime Minister, they are likely to go ahead smoothly.
8What is more, the contracting process for these urea ammonia process is uncomplicated and award of contracts can be expected in the next six to eight months.
8The Modi government wants to claim credit for kick starting these projects in the forthcoming UP assembly elections and in the General Elections in 2019. With an eye on over 160 assembly segments in eastern UP, Prime Minister Narendra Modi will kick start the new investment process by laying the foundation stone in Gorakhpur
8The Gorakhpur fertiliser unit used to produce Swastic Chaap Urea and was the second biggest industry in this region after North Eastern Railway. Its sudden closure in early 1990, rendered thousands of people jobless. The BJP feels that the revival of the plant could in turn revive its fortune in this region.
8"By laying the foundation of the AIIMS and the revival of the fertilizer unit, the NDA government has fulfilled two promises which Modi had made in the run up to his 2014 election campaign. Both projects would certainly change the scenario of eastern UP,” stated BJP genral secretary Vijay Bahadur Pathak.
8Similar political traction is expected from the other two units at Sindri and Barauni as well.
8Expect a lot of action on this front from the business development point of view.
Click on Reports for full details on these projects Details
For reference purposes, the website carries here one of the most comprehensive reports on the Russian oil and gas industry.
8The details include production, licensing and tax laws in Russia.
8There is also a huge amount of details in the report which will be of great interest to Indian oil and gas major.
8Russian oil majors use international benchmarking. For example, their finding and development cost and reserve accretion are better than some of the global oil and gas majors
8The report will also provide important benchmarking parameters through which ONGC's performance with best-in-class peers can be ascertained.
Click on Reports for more Details
8The details include production, licensing and tax laws in Russia.
8There is also a huge amount of details in the report which will be of great interest to Indian oil and gas major.
8Russian oil majors use international benchmarking. For example, their finding and development cost and reserve accretion are better than some of the global oil and gas majors
8The report will also provide important benchmarking parameters through which ONGC's performance with best-in-class peers can be ascertained.
Click on Reports for more Details
An RFQ is likely soon for an MS storage capacity of 5000 KL by an oil company.
8The tankage type is going to be overground and it will be of the floating roof tank variety.
8The dimension is going to be 23.0 x 13.0 metres
8The fire fighting equipment that will be needed will include Rimseal Fire Protection System, Fixed Foam System,Sprinklers, HVLR and FoamMonitors.
8The complex already has an existing tankage facility.
Click on Reports for more Details
8The tankage type is going to be overground and it will be of the floating roof tank variety.
8The dimension is going to be 23.0 x 13.0 metres
8The fire fighting equipment that will be needed will include Rimseal Fire Protection System, Fixed Foam System,Sprinklers, HVLR and FoamMonitors.
8The complex already has an existing tankage facility.
Click on Reports for more Details
An existing oil company is looking for an expansion of an existing petroleum product storage terminal by adding seven more tanks.
8Of these, there will be four above ground (capacity 3600 KL) and seven underground (capacity 1092 KL) tanks.
8They will come fitted with suitable pumping and other facilities.
8Additionally, an alternate arrangement of receiving these products through a railway siding with a provision of a full BTPN rake of 52 tank wagons will also be made.
8Project cost is around Rs 65 crore
Click on Reports for more information Details
8Of these, there will be four above ground (capacity 3600 KL) and seven underground (capacity 1092 KL) tanks.
8They will come fitted with suitable pumping and other facilities.
8Additionally, an alternate arrangement of receiving these products through a railway siding with a provision of a full BTPN rake of 52 tank wagons will also be made.
8Project cost is around Rs 65 crore
Click on Reports for more information Details
For reference purposes, the website carries here the full details of a large bulk liquid storage terminal with a maximum storage capacity of 1,45,000 cubic metres.
8The terminal has a total of 70 tanks
8It handles an array of products, from petrochemicals, chemicals, vegetable oils and other products as per market demand.
8Details of each tankage facility along with kind of products that can be stored in each tankage is also given.
8Those looking for O&M work, fire fight equipment upgradation and capital additions in storage terminals will find the data extremely helpful
8The data is useful for shippers and importers of bulk chemicals to India
Click on Reports Details
8The terminal has a total of 70 tanks
8It handles an array of products, from petrochemicals, chemicals, vegetable oils and other products as per market demand.
8Details of each tankage facility along with kind of products that can be stored in each tankage is also given.
8Those looking for O&M work, fire fight equipment upgradation and capital additions in storage terminals will find the data extremely helpful
8The data is useful for shippers and importers of bulk chemicals to India
Click on Reports Details
There is likely to be increased flow of Suez Max and partially loaded Very Large Crude Carriers (VLCCs) after dredging operations are completed in an Indian oil berth by November 30, 2016.
8A contact was already awarded for a capital dredging project to achieve (-) 19 metre Chart Datum (CD) at Berth pocket and (-) 15 metre CD at anchorage.
8This information is going to be useful for shippers and suppliers of crude and other materials.
Click on Reports for more Details
8A contact was already awarded for a capital dredging project to achieve (-) 19 metre Chart Datum (CD) at Berth pocket and (-) 15 metre CD at anchorage.
8This information is going to be useful for shippers and suppliers of crude and other materials.
Click on Reports for more Details
RFQs are likely soon for a consultant for finalization of technical specification for equipment to be installed for a multipurpose and container terminals of a port funded by the government.
8A consultant will also be appointed for preparation of a business plan as well as the procurement of equipment and installation at the port.
8RFQs are also likely for a project manager to coordinate liaisoning work.
8Commercial operations at the port is expected within 24 months
Click on Reports for more. Details
8A consultant will also be appointed for preparation of a business plan as well as the procurement of equipment and installation at the port.
8RFQs are also likely for a project manager to coordinate liaisoning work.
8Commercial operations at the port is expected within 24 months
Click on Reports for more. Details
For reference purposes the website carries here the following tenders:
8Carrying out DHDS Unit Turnaround Jobs, Kochi Refinery [BPCL] Details
8Engagement of Technical Consultancy Company for preparing Field Development Concepts as part of Discovered Small Fields Bid Round 2016 [BPCL] Details
8Carrying out Civil Works at Drill Site LKGE in Lakwa area during drilling operations [ONGC] Details
8Supply of Custody Transfer Gas Metering Skids for RDG Gas Development Project [CAIRN] Details
8Providing Crossing Point and Widening Work at "NDLF" Drill Site, Karaikal [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India to fully facilitate small oil, gas fields auction winners Details
8Norway to examine competition conditions in oil industry Details
8Chevron says Gorgon LNG export plant output to resume shortly Details
8Oil edges up on increased US stockpile Details
8Crude oil rises after 9th weekly stock drawdown in U.S. Details
8Oil search drops InterOil bid after ExxonMobil offer Details
8Cairn India working on merger with Vedanta: Navin Agarwal Details
8Cairn India to continue to finance existing projects to boost hydrocarbon production Details
8Indian refiners shun Nigeria’s oil, turn to Malaysia Details
8OVL raises $1 billion through dollar bonds for Vankor stake buy Details
87 India firms in Fortune 500; Rajesh Exports replaces ONGC Details
8ONGC should merge with a refining firm to stay competitive, says company director Details
8With $1.6 billion Saudi order, L&T on track to meet fiscal target Details
8Cairn India's first quarter net profit drops 28 percent Details
8Iraq oil exports set to rise in July, despite leak Details
8Oil prices skid lower Details
You can also click on Newsclips for more Details
8Carrying out DHDS Unit Turnaround Jobs, Kochi Refinery [BPCL] Details
8Engagement of Technical Consultancy Company for preparing Field Development Concepts as part of Discovered Small Fields Bid Round 2016 [BPCL] Details
8Carrying out Civil Works at Drill Site LKGE in Lakwa area during drilling operations [ONGC] Details
8Supply of Custody Transfer Gas Metering Skids for RDG Gas Development Project [CAIRN] Details
8Providing Crossing Point and Widening Work at "NDLF" Drill Site, Karaikal [ONGC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8India to fully facilitate small oil, gas fields auction winners Details
8Norway to examine competition conditions in oil industry Details
8Chevron says Gorgon LNG export plant output to resume shortly Details
8Oil edges up on increased US stockpile Details
8Crude oil rises after 9th weekly stock drawdown in U.S. Details
8Oil search drops InterOil bid after ExxonMobil offer Details
8Cairn India working on merger with Vedanta: Navin Agarwal Details
8Cairn India to continue to finance existing projects to boost hydrocarbon production Details
8Indian refiners shun Nigeria’s oil, turn to Malaysia Details
8OVL raises $1 billion through dollar bonds for Vankor stake buy Details
87 India firms in Fortune 500; Rajesh Exports replaces ONGC Details
8ONGC should merge with a refining firm to stay competitive, says company director Details
8With $1.6 billion Saudi order, L&T on track to meet fiscal target Details
8Cairn India's first quarter net profit drops 28 percent Details
8Iraq oil exports set to rise in July, despite leak Details
8Oil prices skid lower Details
You can also click on Newsclips for more Details
There are about Rs 40,000 crore of new investment coming up in the sector.
8We are proud to claim, immodestly perhaps, that we have developed one of the world's most sophisticated project monitoring softwares. It comes integrated with a CRM package.
8We capture hundreds of parameters around a project in the software.
8The software is also capable of generating hundreds of pages of detailed reports from its MSQL database, giving you dozens of ways to slice up the information.
8At the backend, we only employ engineers to feed in primary data from our contacts around the country.
8Importantly, it is not a static but a dynamic software that moves with a project, giving you scores of updates, from pre-planning to commissioning.
8The software can forecast future project movements based on existing progress parameters.
8For example, in the KG-DWN-98/2 block, we know exactly how far the project has progressed and we can estimate project activities, from one month to a year and for a longer period as the project moves beyond the selection of consultants.
8In fertilizer projects, we know the exact stage of contracting of three ongoing fertilizer projects with an investment of Rs 18,000 crore.
8Regular interactions with key owner contacts, potential consultants as well as equipment and service providers allow us to bring you updates as and when any of the many parameters we monitor changes. The change can happen in a week or in a few months. An alert will go to you as and when they occur. An update can be a minor one like the postponement of an RFQ date or a major change that involves multiple parameters.
8We spend the bulk of our time providing you verified contacts associated with a project -- at the level of the owner or the contractor or sub contractor -- along with their telephone numbers.
8Our archiving system allows you to keep track of how the project has moved over time. Every change is captured in our archives.
8The scale of our ambition is vast and so we are still filling in parts of our software. We now have updates on select high value petroleum projects. As for fertilizer projects, our other area of specialization, we have captured the full gamut of activity around all projects.
8A business development executive usually exudes confidence on his coverage of his area of operation but he will be surprised with what the software can throw up.
8A live analyst will always be there to support you. You just have to pick up the phone and call.
8Click on the "Projects" button on our sites, www.indianpetroplus.com or www.indianfertilizer.com and go to the products and services page to know more
8Don't forget to fill up the Registration form. One of us will get back in touch with you. Details
8We are proud to claim, immodestly perhaps, that we have developed one of the world's most sophisticated project monitoring softwares. It comes integrated with a CRM package.
8We capture hundreds of parameters around a project in the software.
8The software is also capable of generating hundreds of pages of detailed reports from its MSQL database, giving you dozens of ways to slice up the information.
8At the backend, we only employ engineers to feed in primary data from our contacts around the country.
8Importantly, it is not a static but a dynamic software that moves with a project, giving you scores of updates, from pre-planning to commissioning.
8The software can forecast future project movements based on existing progress parameters.
8For example, in the KG-DWN-98/2 block, we know exactly how far the project has progressed and we can estimate project activities, from one month to a year and for a longer period as the project moves beyond the selection of consultants.
8In fertilizer projects, we know the exact stage of contracting of three ongoing fertilizer projects with an investment of Rs 18,000 crore.
8Regular interactions with key owner contacts, potential consultants as well as equipment and service providers allow us to bring you updates as and when any of the many parameters we monitor changes. The change can happen in a week or in a few months. An alert will go to you as and when they occur. An update can be a minor one like the postponement of an RFQ date or a major change that involves multiple parameters.
8We spend the bulk of our time providing you verified contacts associated with a project -- at the level of the owner or the contractor or sub contractor -- along with their telephone numbers.
8Our archiving system allows you to keep track of how the project has moved over time. Every change is captured in our archives.
8The scale of our ambition is vast and so we are still filling in parts of our software. We now have updates on select high value petroleum projects. As for fertilizer projects, our other area of specialization, we have captured the full gamut of activity around all projects.
8A business development executive usually exudes confidence on his coverage of his area of operation but he will be surprised with what the software can throw up.
8A live analyst will always be there to support you. You just have to pick up the phone and call.
8Click on the "Projects" button on our sites, www.indianpetroplus.com or www.indianfertilizer.com and go to the products and services page to know more
8Don't forget to fill up the Registration form. One of us will get back in touch with you. Details
It is not going to be straight line growth for oil majors anymore and in this context, ONGC offshore director Tapas Kumar Sengupta's assertion that ONGC should be merged with IOC is far too simplistic an argument.
8While projections of significant future demand increases from developing nations is likely, this has to be measured against an array of global demand-reducing trends, including continuing sustainable development, fuel efficiency mandates, significant air quality problems, competitive alternative technologies, and a globally recognized need to shift away from fossil fuels.
8In an increasingly low carbon economy marked by declining oil demand, marginal oversupply can sufficiently decrease price so that higher cost producers become unprofitable.
8Sengupta's assertion that upstream risks can be cushioned by midstream and downstream revenues ignores systemic problems now inherent in the oil and gas model.
8It is not just E&P companies but midstream and downstream companies too face an uncertain future unless they move very quickly to absorb tranformative technologies like battery storage and electric vehicles.
8They ONGC director's views are welcome but only to extent that he is asserting the dire need for out-of-box thinking today.
8Is the present leadership capable of looking beyond the current horizon?
Click on Reports for more on where you can borrow fresh ideas for the future. Details
8While projections of significant future demand increases from developing nations is likely, this has to be measured against an array of global demand-reducing trends, including continuing sustainable development, fuel efficiency mandates, significant air quality problems, competitive alternative technologies, and a globally recognized need to shift away from fossil fuels.
8In an increasingly low carbon economy marked by declining oil demand, marginal oversupply can sufficiently decrease price so that higher cost producers become unprofitable.
8Sengupta's assertion that upstream risks can be cushioned by midstream and downstream revenues ignores systemic problems now inherent in the oil and gas model.
8It is not just E&P companies but midstream and downstream companies too face an uncertain future unless they move very quickly to absorb tranformative technologies like battery storage and electric vehicles.
8They ONGC director's views are welcome but only to extent that he is asserting the dire need for out-of-box thinking today.
8Is the present leadership capable of looking beyond the current horizon?
Click on Reports for more on where you can borrow fresh ideas for the future. Details
Petroleum product consumption registered a growth of 6.2% during June, 2016 as compared to 5.4% growth during June, 2015. Except for Kerosene, Lubes and Greases and LDO, all other products registered positive growth during June, 2016. During the period April-June 2016, petroleum product consumption registered a growth of 7.8% (3.5 MMT) as compared to the same period last year.
8Gross production of natural gas for the month of June, 2016 was 2,598 MMSCM which was lower by 4.5% compared with the corresponding month of the previous year (2,720 MMSCM). The cumulative gross production of natural gas of 7,743 MMSCM for the current year till June, 2016 was lower by 6.1% compared with the corresponding period of the previous year (8,243 MMSCM).
8LNG import for the month of June, 2016 was 1,908 MMSCM which was 14.0% higher than the corresponding month of the previous year (1,674 MMSCM). The cumulative import of 6,132 MMSCM for the current year till June, 2016 was higher by 33.4% as compared with the corresponding period of the previous year (4,598 MMSCM).
8The prices of Brent crude averaged $48.34/bbl during June, 2016 as against $46.88/bbl during May, 2016. Similarly, the Indian basket crude averaged $46.96/bbl during June, 2016 as against $45.01/bbl during the previous month.
8The import bill of crude oil is estimated to increase by 2% from $ 64 billion in 2015?16 to $65 billion in 2016-17 considering Indian basket crude oil price of $ 45/bbl and $/Rs=67 for the balance part of the financial year.
Click on Reports for more Details
8Gross production of natural gas for the month of June, 2016 was 2,598 MMSCM which was lower by 4.5% compared with the corresponding month of the previous year (2,720 MMSCM). The cumulative gross production of natural gas of 7,743 MMSCM for the current year till June, 2016 was lower by 6.1% compared with the corresponding period of the previous year (8,243 MMSCM).
8LNG import for the month of June, 2016 was 1,908 MMSCM which was 14.0% higher than the corresponding month of the previous year (1,674 MMSCM). The cumulative import of 6,132 MMSCM for the current year till June, 2016 was higher by 33.4% as compared with the corresponding period of the previous year (4,598 MMSCM).
8The prices of Brent crude averaged $48.34/bbl during June, 2016 as against $46.88/bbl during May, 2016. Similarly, the Indian basket crude averaged $46.96/bbl during June, 2016 as against $45.01/bbl during the previous month.
8The import bill of crude oil is estimated to increase by 2% from $ 64 billion in 2015?16 to $65 billion in 2016-17 considering Indian basket crude oil price of $ 45/bbl and $/Rs=67 for the balance part of the financial year.
Click on Reports for more Details
Indigenous crude oil production during June, 2016 was lower by 4.3% (134 TMT) than that of June, 2015. On overall basis, indigenous crude oil production was less by 3.3% (304 TMT) during April-June, 2016 in comparison with corresponding period of April-June, 2015.
8Total crude oil processed by the refineries during June, 2016 was 20,162 TMT against crude oil processing of 19,483 TMT in June, 2015 and a target of 19,948 TMT for the month of June, 2016.
8On cumulative basis, crude oil processed during April?June, 2016 by the refineries was 60,274 TMT against crude oil processing of 56,279 TMT during April?June, 2015 and a target of 59,749 TMT for the period April?June, 2016.
8Production of petroleum products during June, 2016 saw a growth of 5.6% (1,065 TMT) over the corresponding month of the previous year and on a cumulative basis, growth of 8.7% (4,794TMT) was recorded during April?June, 2016. Production of petroleum products exceeded the target for June, 2016 by 689 TMT (3.5%) while on cumulative basis production was higher by 1,522 TMT (2.6%) during the April?June 2016 period.
8Export of POL products increased during June, 2016 by 18.4% (832 TMT) as compared to June, 2015. Further, imports decreased by 5.4% (134 TMT) over the corresponding period of 2015. LPG, Naphtha, Lubes and Pet?coke imports contributed 85.3 % share of the total POL imports during June, 2016.
Click on Reports for more Details
8Total crude oil processed by the refineries during June, 2016 was 20,162 TMT against crude oil processing of 19,483 TMT in June, 2015 and a target of 19,948 TMT for the month of June, 2016.
8On cumulative basis, crude oil processed during April?June, 2016 by the refineries was 60,274 TMT against crude oil processing of 56,279 TMT during April?June, 2015 and a target of 59,749 TMT for the period April?June, 2016.
8Production of petroleum products during June, 2016 saw a growth of 5.6% (1,065 TMT) over the corresponding month of the previous year and on a cumulative basis, growth of 8.7% (4,794TMT) was recorded during April?June, 2016. Production of petroleum products exceeded the target for June, 2016 by 689 TMT (3.5%) while on cumulative basis production was higher by 1,522 TMT (2.6%) during the April?June 2016 period.
8Export of POL products increased during June, 2016 by 18.4% (832 TMT) as compared to June, 2015. Further, imports decreased by 5.4% (134 TMT) over the corresponding period of 2015. LPG, Naphtha, Lubes and Pet?coke imports contributed 85.3 % share of the total POL imports during June, 2016.
Click on Reports for more Details
An E&P business development opportunity has arisen for 11 onland development wells.
8There will also be a GGS along with an accompanying 150 km in-field pipeline network.
8There is a also a pipeline that will link the GGS to the buyer.
8Initially, four of the 11 wells will be drilled.
8Subsequently, depending upon the results of the first phase drilling programme, the remaining seven wells will be drilled
8The total cost has been pegged at Rs 550 crore at the rate of Rs 50 crore per well
8RFQs are expected to be announced soon
Click on Reports for more Details
8There will also be a GGS along with an accompanying 150 km in-field pipeline network.
8There is a also a pipeline that will link the GGS to the buyer.
8Initially, four of the 11 wells will be drilled.
8Subsequently, depending upon the results of the first phase drilling programme, the remaining seven wells will be drilled
8The total cost has been pegged at Rs 550 crore at the rate of Rs 50 crore per well
8RFQs are expected to be announced soon
Click on Reports for more Details
For reference purposes the website carries here the following tenders:
8Procurement of Finned Tube Bundles & Complete Heat Exchangers for LLDPE Plant, Pata [GAIL] Details
8Tender for road transportation of Furnace Oil, Mangalore [MRPL] Details
8Overhauling of High Pressure Heat Exchanger Job in HCU, Mangalore [MRPL] Details
8Procurement of special type tubes and fittings installed in Gas Turbine, Lepetkata [BCPL] Details
8Supply of Dry Gas Seal for Compressors [IOC] Details
8Modification of Pipeline at Vashi Terminal & Installation of Turbine Flow Meter, Maharashtra [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil India rating unchanged following revision to how royalties on Indian-produced oil is calculated: Fitch Details
8Promoting Biofuels as substitute to Mineral Fuel Details
8Directorate General of Hydrocarbons’ Interactive Session for Discovered Small Fields Bid Round 2016 in Calgary Details
8Crude oil futures mixed before US inventory report Details
8Indonesia to price crude against dated Brent from July -official Details
8NGT orders de-registration of diesel vehicle older than 15 years Details
8India will be oil's next big growth centre: S&P Global Platts Details
8Congress deprived state of oil royalty, says Hemanta Biswa Sarma Details
8Oil traders lose millions as LPG glut shocks market Details
8Oil prices edge up from two-month lows Details
8U.S. power sector gas usage seen at record levels this week Details
8Airports Authority of India and Indian Oil at loggerheads over induction of RIL in joint venture Details
8Indian govt agrees to fund GAIL’s gas pipeline project Details
8Saudi Aramco signs deal to build $13bn gas project Details
8Oil prices rebound on US stockpiles data Details
8DBT saved Rs 21,000 crore in LPG subsidy Details
8Legal breather for Cairn India Details
8NDA govt recasts fuel subsidy regime Details
You can also click on Newsclips for more Details
8Procurement of Finned Tube Bundles & Complete Heat Exchangers for LLDPE Plant, Pata [GAIL] Details
8Tender for road transportation of Furnace Oil, Mangalore [MRPL] Details
8Overhauling of High Pressure Heat Exchanger Job in HCU, Mangalore [MRPL] Details
8Procurement of special type tubes and fittings installed in Gas Turbine, Lepetkata [BCPL] Details
8Supply of Dry Gas Seal for Compressors [IOC] Details
8Modification of Pipeline at Vashi Terminal & Installation of Turbine Flow Meter, Maharashtra [IOC] Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil India rating unchanged following revision to how royalties on Indian-produced oil is calculated: Fitch Details
8Promoting Biofuels as substitute to Mineral Fuel Details
8Directorate General of Hydrocarbons’ Interactive Session for Discovered Small Fields Bid Round 2016 in Calgary Details
8Crude oil futures mixed before US inventory report Details
8Indonesia to price crude against dated Brent from July -official Details
8NGT orders de-registration of diesel vehicle older than 15 years Details
8India will be oil's next big growth centre: S&P Global Platts Details
8Congress deprived state of oil royalty, says Hemanta Biswa Sarma Details
8Oil traders lose millions as LPG glut shocks market Details
8Oil prices edge up from two-month lows Details
8U.S. power sector gas usage seen at record levels this week Details
8Airports Authority of India and Indian Oil at loggerheads over induction of RIL in joint venture Details
8Indian govt agrees to fund GAIL’s gas pipeline project Details
8Saudi Aramco signs deal to build $13bn gas project Details
8Oil prices rebound on US stockpiles data Details
8DBT saved Rs 21,000 crore in LPG subsidy Details
8Legal breather for Cairn India Details
8NDA govt recasts fuel subsidy regime Details
You can also click on Newsclips for more Details
Business development opportunities have also arisen for a massive hydro fracturing job for 300 onland wells in ONGC
Click on Reports for more
8A gas supply opportunity has come up after a private sector fertilizer unit is embarking on a shift from using naptha to gas
Click on Reports for more
8RFQs are likely to be issued soon by a premier oil marketing company for a LPG plant with the following details:
8New capacity: 2 X 900 MT Mounded Storage Vessels
8Existing capacity: 2 X 110 MT and 1 X 150 MT
8Project cost: Rs 25 crore
8The plant involves receipt of finished LPG through bullet trucks and its storage in tanks as per OISD norms. The LPG is then packaged into cylinders and dispatched through trucks
Click on Reports for more Details
Click on Reports for more
8A gas supply opportunity has come up after a private sector fertilizer unit is embarking on a shift from using naptha to gas
Click on Reports for more
8RFQs are likely to be issued soon by a premier oil marketing company for a LPG plant with the following details:
8New capacity: 2 X 900 MT Mounded Storage Vessels
8Existing capacity: 2 X 110 MT and 1 X 150 MT
8Project cost: Rs 25 crore
8The plant involves receipt of finished LPG through bullet trucks and its storage in tanks as per OISD norms. The LPG is then packaged into cylinders and dispatched through trucks
Click on Reports for more Details
The latest status of under construction gas pipelines are given here:
The details are given in terms of
8Name of the pipeline
8Name of the promoting entity
8Length
8Capacity
8Tentative completion time
In all, there are 12 pipelines with a total capacity of 549 mmscmd of gas spanning 13,111 km are under construction.
Click on Reports for more Details
The details are given in terms of
8Name of the pipeline
8Name of the promoting entity
8Length
8Capacity
8Tentative completion time
In all, there are 12 pipelines with a total capacity of 549 mmscmd of gas spanning 13,111 km are under construction.
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For reference purposes, the website carries here the following details:
8Countrywise import of crude oil by private and public sector companies in 2014-15 and 2016-17 (April-June)
Crude oil tankage capacity in the country in terms of:
8Gross tankage
8Maximum holding capacity
8Dead stock
8Pumpable capacity
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8Countrywise import of crude oil by private and public sector companies in 2014-15 and 2016-17 (April-June)
Crude oil tankage capacity in the country in terms of:
8Gross tankage
8Maximum holding capacity
8Dead stock
8Pumpable capacity
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Indraprashtra Gas Ltd is in collaboration with Ituk Manufacturing India for a pilot scheme to use CNG for two wheelers.
8Click on Reports for the features of the collaboration and the progress made so far
8Also click on Reports for full details on LPG distributorships in India as on July, 2016 in terms of:
-- State
-- Individual OMCs
8Details of distributorships terminated are also given here
Click on Reports for more on how Essar Projects has won a Rs 300 crore contract from fertilizer cooperative Iffco Details
8Click on Reports for the features of the collaboration and the progress made so far
8Also click on Reports for full details on LPG distributorships in India as on July, 2016 in terms of:
-- State
-- Individual OMCs
8Details of distributorships terminated are also given here
Click on Reports for more on how Essar Projects has won a Rs 300 crore contract from fertilizer cooperative Iffco Details
No subsidy to private companies seems to be the stand of the government as of now.
8The subsidy is being extended only to public sector marketing companies
8Government provides a subsidy of Rs. 12 per litre for compensating under-recovery on sale of PDS Kerosene
8An under recovery of Rs. 11,496 crore out of which Rs. 10,245 crore at Rs. 12 per litre was provided by the government in 2015-16 on Kerosene.
8At a subsidy of Rs.18 per kg under the Direct Benefit Transfer for Domestic LPG during April - October, 2015 and Rs.15 per kg from November, 2015 onwards, a claim of Rs. 16,056 crore was paid to public sector OMCs.
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8The subsidy is being extended only to public sector marketing companies
8Government provides a subsidy of Rs. 12 per litre for compensating under-recovery on sale of PDS Kerosene
8An under recovery of Rs. 11,496 crore out of which Rs. 10,245 crore at Rs. 12 per litre was provided by the government in 2015-16 on Kerosene.
8At a subsidy of Rs.18 per kg under the Direct Benefit Transfer for Domestic LPG during April - October, 2015 and Rs.15 per kg from November, 2015 onwards, a claim of Rs. 16,056 crore was paid to public sector OMCs.
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It seems like the government has given up on its earlier attempt to restrict the rapid expansion of retail outlets by oil marketing companies.
8The government was earlier insistent that only profitable outlets be built but that restriction has now been given the go by as the price of both diesel and petrol have been freed.
8The present position is that OMCs are free to build their networks at will.
8The latest written position of the government is:
"Locations for setting up new Retail outlets/LPG Distributorship are identified by OMCs after carrying out required feasibility study. The locations found feasible and economically viable are included in the Marketing Plan and advertised in Newspapers inviting applications".
8Clearly the scare of private sector competition seems to have allowed the OMCs to convince the government to drop its objections to the rapid and some times irrational expansion of retail outlets.
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8The government was earlier insistent that only profitable outlets be built but that restriction has now been given the go by as the price of both diesel and petrol have been freed.
8The present position is that OMCs are free to build their networks at will.
8The latest written position of the government is:
"Locations for setting up new Retail outlets/LPG Distributorship are identified by OMCs after carrying out required feasibility study. The locations found feasible and economically viable are included in the Marketing Plan and advertised in Newspapers inviting applications".
8Clearly the scare of private sector competition seems to have allowed the OMCs to convince the government to drop its objections to the rapid and some times irrational expansion of retail outlets.
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For reference purposes, the website carries here the total sale of MS and HSD by public sector oil companies over the last three years.
8The advent of private competition is making a small dent in the monopoly of oil marketing companies
8The percentage share of OMCs in the business has come down from 99.7% in 2013-14 to 96.4 at present.
8This share is likely go down further
8The problem however is that public sector monopoly may go up again if the government decides to reimpose the subsidy mechanism in petrol and diesel if crude prices go up sharply.
8This will force private sector companies to shut down their outlets like they did once earlier.
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8The advent of private competition is making a small dent in the monopoly of oil marketing companies
8The percentage share of OMCs in the business has come down from 99.7% in 2013-14 to 96.4 at present.
8This share is likely go down further
8The problem however is that public sector monopoly may go up again if the government decides to reimpose the subsidy mechanism in petrol and diesel if crude prices go up sharply.
8This will force private sector companies to shut down their outlets like they did once earlier.
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With RasGas LNG prices nearing the $7/mmbtu mark, the differential between domestic gas prices and LNG prices have widened dramatically.
8For reference purposes, the website carries here the following details:
8Domestic gas price for ONGC and OIL fields
Prices are also given here of:
8Panna Mukta gas (NCV basis)
8Tapti gas
8Ravva-1 gas
8Ravva Satellite gas
8RRUVNL Gas at Ramgarh
8Focus Gas
8PPN gas at Tamil nadu
8HOEC gas
8Other customers
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8For reference purposes, the website carries here the following details:
8Domestic gas price for ONGC and OIL fields
Prices are also given here of:
8Panna Mukta gas (NCV basis)
8Tapti gas
8Ravva-1 gas
8Ravva Satellite gas
8RRUVNL Gas at Ramgarh
8Focus Gas
8PPN gas at Tamil nadu
8HOEC gas
8Other customers
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The paper goes further to spell out specific areas of policy interventions and the level of government at which such interventions will be needed in the following areas:
8Energy efficient buildings
8Sustainable urban development solutions
8Sustainable freight transport solutions
8Efficiency intervention in industry
8Minimizing energy use in cooking and penetration of clean fuels
8Energy efficiency in agriculture
8Increasing the penetration of renewal energy
8Increasing bio energy in transportation to 15%
8Reducing T&D losses in electricity to 7.2% in 2047
8Deployment of energy storage
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8Energy efficient buildings
8Sustainable urban development solutions
8Sustainable freight transport solutions
8Efficiency intervention in industry
8Minimizing energy use in cooking and penetration of clean fuels
8Energy efficiency in agriculture
8Increasing the penetration of renewal energy
8Increasing bio energy in transportation to 15%
8Reducing T&D losses in electricity to 7.2% in 2047
8Deployment of energy storage
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The paper also discusses how to orchestrate policy changes needed to move to a Low Carbon environment.
The discussions are centered around:
8Energy pricing and taxes
8The role of regulation
8Role of public investment
8Cooperation across different levels of government
8Clarity in policy
8Linking of policy to urbanization strategy
8The point to note is that there is even higher scope for energy conservation than has been elucidated under the Low Carbon scenario.
8While India’s GHG emissions per capita are likely to peak between 4 and 5 tCO2e, it is possible for India to do better depending upon the technological changes that occur over this period in areas as diverse as energy technologies, biotechnology and electric vehicles.
8Paradoxically, India has the “late comers advantage” in that the existing urban infrastructure is not only well below global standards, it is also below India’s own expectations and much of it is expected to be replaced.
8It has been estimated that 70% of the commercial buildings that will be needed by 2030 have yet to be built.
8This provides an opportunity to leap-frog by incorporating into the new buildings the higher standards of sustainability that are now feasible.
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The discussions are centered around:
8Energy pricing and taxes
8The role of regulation
8Role of public investment
8Cooperation across different levels of government
8Clarity in policy
8Linking of policy to urbanization strategy
8The point to note is that there is even higher scope for energy conservation than has been elucidated under the Low Carbon scenario.
8While India’s GHG emissions per capita are likely to peak between 4 and 5 tCO2e, it is possible for India to do better depending upon the technological changes that occur over this period in areas as diverse as energy technologies, biotechnology and electric vehicles.
8Paradoxically, India has the “late comers advantage” in that the existing urban infrastructure is not only well below global standards, it is also below India’s own expectations and much of it is expected to be replaced.
8It has been estimated that 70% of the commercial buildings that will be needed by 2030 have yet to be built.
8This provides an opportunity to leap-frog by incorporating into the new buildings the higher standards of sustainability that are now feasible.
Click on Reports for more Details
A multi pronged approach has to be followed to bring about meaningful change: increase energy efficiency measures, raise the price of energy to its real cost levels and impose an adequate carbon tax.
8Looking ahead it is possible that solar power may become competitive even without pollution and carbon pricing.
8Costs of solar power in India are already falling faster than anticipated, with prices coming in at 4.63 INR/kWh for a 500 MW dollar PV project in Andhra Pradesh, while 10 other bids were below 5 INR/kWh (Jai, 2015).
8This is within the current range of coal tariffs (3 – 5 INR/kWh).
8If prices continue to fall, it is projected that solar could be 10% cheaper than coal power by 2020 and fall even further by 2025 with prices of INR 4.20 per kWh and INR 3.58 per kWh respectively (KPMG, 2015).
8While these prices do not reflect the balancing costs of integrating solar power into the grid, these lower costs would be at grid parity and have the potential to incentivise other more dispersed electricity generation options (such as rooftop solar PV).
8When these are combined with flexibility options (such as battery storage) the costs of solar power could be cheaper than grid-power between 2020 and 2025.
8If this happens, the switch to green sources of power could potentially lower the costs of electricity in India and these sources would compete effectively with coal.
8They would be very significantly cheaper if pollution or carbon taxes are introduced.
8So the emphasis is on renewal energy rather than gas as a solution to coal based power in India.
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8Looking ahead it is possible that solar power may become competitive even without pollution and carbon pricing.
8Costs of solar power in India are already falling faster than anticipated, with prices coming in at 4.63 INR/kWh for a 500 MW dollar PV project in Andhra Pradesh, while 10 other bids were below 5 INR/kWh (Jai, 2015).
8This is within the current range of coal tariffs (3 – 5 INR/kWh).
8If prices continue to fall, it is projected that solar could be 10% cheaper than coal power by 2020 and fall even further by 2025 with prices of INR 4.20 per kWh and INR 3.58 per kWh respectively (KPMG, 2015).
8While these prices do not reflect the balancing costs of integrating solar power into the grid, these lower costs would be at grid parity and have the potential to incentivise other more dispersed electricity generation options (such as rooftop solar PV).
8When these are combined with flexibility options (such as battery storage) the costs of solar power could be cheaper than grid-power between 2020 and 2025.
8If this happens, the switch to green sources of power could potentially lower the costs of electricity in India and these sources would compete effectively with coal.
8They would be very significantly cheaper if pollution or carbon taxes are introduced.
8So the emphasis is on renewal energy rather than gas as a solution to coal based power in India.
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India’s current GHG emission per capita is much lower than that of China’s and so too is India’s per capita income.
8According to projections made in this analysis, if China’s GHG emissions were to peak at 2030 this would be at a level of around 10 tCO2e per capita.
8In India’s case, if the Low Carbon scenario is followed, then GHG emissions would peak in 2040 at around 5 tCO2e per capita.
8Making reasonable assumptions about the likely growth rate until the time when GHG emissions peaks are expected (2030 in China and 2040 in India), it appears that China would have peaked its GHG emissions at around twice the income per capita as India.
8In other words, while India would peak later than China in pure time terms, it would actually peak GHG emissions much earlier in the development process than China.
8However, if the BAU scenario for India is followed, then GHG for India would be much higher and would not peak at all during the period up to 2047.
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8According to projections made in this analysis, if China’s GHG emissions were to peak at 2030 this would be at a level of around 10 tCO2e per capita.
8In India’s case, if the Low Carbon scenario is followed, then GHG emissions would peak in 2040 at around 5 tCO2e per capita.
8Making reasonable assumptions about the likely growth rate until the time when GHG emissions peaks are expected (2030 in China and 2040 in India), it appears that China would have peaked its GHG emissions at around twice the income per capita as India.
8In other words, while India would peak later than China in pure time terms, it would actually peak GHG emissions much earlier in the development process than China.
8However, if the BAU scenario for India is followed, then GHG for India would be much higher and would not peak at all during the period up to 2047.
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Among the other interesting findings of these long term projections are:
8Share of electricity goes up from 15% to 35% from 2012 to 2047
8The mix changes too, with solar power making up 35% of the overall production
8Wind makes up 25%
8Coal constitutes 23% of the mix
8The point to note is that gas based electricity does not really take off under this scenario because of high cost of LNG.
8It is assumed that gas makes up only 4% of the electricity mix, down from 11% in 2012.
8Find out why gas loses out.
8On the supply side electricity losses are assumed under the Low Carbon scenario at 7% from around 22.7% at present
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8Share of electricity goes up from 15% to 35% from 2012 to 2047
8The mix changes too, with solar power making up 35% of the overall production
8Wind makes up 25%
8Coal constitutes 23% of the mix
8The point to note is that gas based electricity does not really take off under this scenario because of high cost of LNG.
8It is assumed that gas makes up only 4% of the electricity mix, down from 11% in 2012.
8Find out why gas loses out.
8On the supply side electricity losses are assumed under the Low Carbon scenario at 7% from around 22.7% at present
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A 36 per cent savings in carbon emissions is possible through demand-side reductions, the paper says.
8Among the various demand reduction measures that the paper envisages under the Low Carbon scenario are:
Potential Demand Reduction in Passenger Transport
8Smart Cities and better urban planning leading to 21% reduction in travel demand in cities.
8Shift from 14% rail share in 2012 to 19% in 2047.
8Share of Public Road Transport to increase from 42% in 2012 to 79 %.
8Share of electric vehicles to increase: for buses from 0 % in 2012 to 13% in 2047, for cars from 0% to 44% and for two wheelers from 0.8 % to 74%.
Freight transport
8Dedicated Freight Corridors and Integrated Logistic Planning leading to 20% reduction in freight transport demand in 2047.
8Reversing the trend of a declining share of freight being carried by rail and increasing it from 42% in 2012 to 45% in 2047. This is actually a major reversal of the trend since extrapolating from the past trend would reduce the share of the railways to 26% by 2047.
Residential buildings
8High-rise buildings constituting 60% of the overall buildings space in 2047 from 34% in 2012.
8More than 80% of the buildings have energy-efficient insulations compared to 0% in 2012.
8Penetration of Smart Appliances (LED: 75% and other home appliances 80% in 2047 as against 3% and 1% respectively).
Commercial buildings
8Increasing share of high-efficiency appliances to 80% in 2047, against 0% in 2012.
8Share of buildings with energy efficient insulation increases from 10% in 2012 to 100% in 2047
Industry
8Increasing in penetration of energy efficient best-in-class energy-efficient technology (83% in Cement and 80% in Steel) and improvement in SEC
8Cement: SEC reduction due to shift to grid-based electricity
8Steel: SEC reduction due to shift to grid-based electricity.
Click on Reports for more on savings in agriculture, cooking and telecom segments possible under the Low Carbon scenario Details
8Among the various demand reduction measures that the paper envisages under the Low Carbon scenario are:
Potential Demand Reduction in Passenger Transport
8Smart Cities and better urban planning leading to 21% reduction in travel demand in cities.
8Shift from 14% rail share in 2012 to 19% in 2047.
8Share of Public Road Transport to increase from 42% in 2012 to 79 %.
8Share of electric vehicles to increase: for buses from 0 % in 2012 to 13% in 2047, for cars from 0% to 44% and for two wheelers from 0.8 % to 74%.
Freight transport
8Dedicated Freight Corridors and Integrated Logistic Planning leading to 20% reduction in freight transport demand in 2047.
8Reversing the trend of a declining share of freight being carried by rail and increasing it from 42% in 2012 to 45% in 2047. This is actually a major reversal of the trend since extrapolating from the past trend would reduce the share of the railways to 26% by 2047.
Residential buildings
8High-rise buildings constituting 60% of the overall buildings space in 2047 from 34% in 2012.
8More than 80% of the buildings have energy-efficient insulations compared to 0% in 2012.
8Penetration of Smart Appliances (LED: 75% and other home appliances 80% in 2047 as against 3% and 1% respectively).
Commercial buildings
8Increasing share of high-efficiency appliances to 80% in 2047, against 0% in 2012.
8Share of buildings with energy efficient insulation increases from 10% in 2012 to 100% in 2047
Industry
8Increasing in penetration of energy efficient best-in-class energy-efficient technology (83% in Cement and 80% in Steel) and improvement in SEC
8Cement: SEC reduction due to shift to grid-based electricity
8Steel: SEC reduction due to shift to grid-based electricity.
Click on Reports for more on savings in agriculture, cooking and telecom segments possible under the Low Carbon scenario Details
The paper then goes on the work out a similar exercise that seeks India to commit more than what it has already under a Low Carbon (LC) scenario.
8Under this model, import dependence on coal in 2047 drops from 57% in the BAU to 19% in the LC scenario, and in the case of oil from 90% to 60%.
8Overall import dependence of each of these fuels is reduced to 22%, which is actually lower than the 31% level in the base year 2012.
8This is clearly a desirable outcome from the point of view of energy security.
The analysis arrives at these figures by looking at potential energy emission savings in
-- Commercial buildings
-- Residential buildings
-- Passenger transport
-- Freight transport
-- Agriculture
-- Telecom
-- Cooking
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8Under this model, import dependence on coal in 2047 drops from 57% in the BAU to 19% in the LC scenario, and in the case of oil from 90% to 60%.
8Overall import dependence of each of these fuels is reduced to 22%, which is actually lower than the 31% level in the base year 2012.
8This is clearly a desirable outcome from the point of view of energy security.
The analysis arrives at these figures by looking at potential energy emission savings in
-- Commercial buildings
-- Residential buildings
-- Passenger transport
-- Freight transport
-- Agriculture
-- Telecom
-- Cooking
Click on Reports for more Details
