Two-thirds of Russian territory is located in Asia and Russian leadership and erstwhile Soviet leadership have long sought to play a greater role in the Asia-Pacific (or what India terms as the Indo-Pacific region). This role is gaining further momentum following rupture in ties with the West in the aftermath of the Ukraine conflict. Simultaneously, … Read more
IOCL, at present, stores gas in two tanks with capacities of 1,80,000 cubic metres each. File photograph | Photo Credit: JOTHI RAMALINGAM B Indian Oil Corporation Ltd. (IOCL) has proposed to expand the capacity of its liquefied natural gas (LNG) terminal located inside the Kamarajar Port, in Ennore, Chennai. At present, the terminal has the capacity to process … Read more
QatarEnergy announced a 27-year natural gas supply deal with China Monday, calling it the “longest” ever seen as it strengthened ties with Asia while Europe scrambles for alternative sources. The state energy company will send four million tonnes of liquefied natural gas annually from its new North Field East project to China Petroleum and Chemical … Read more
The measure also follows Singapore announcing plans to reduce its emissions target for 2030 to 60 million tonnes of carbon dioxide The measure also follows Singapore announcing plans to reduce its emissions target for 2030 to 60 million tonnes of carbon dioxide Singapore’s energy regulator will be introducing new emissions standards for new and repowered … Read more
Spanish Prime Minister Pedro Sanchez said Spain, France and Portugal had agreed Thursday to build an energy pipeline linking the Iberian peninsula to the rest of Europe, reviving a project long-resisted by Paris. The new project, which Sanchez dubbed a Green Energy Corridor, would replace an earlier plan dubbed MidCat that emerged a decade ago … Read more
The US and European Union on Friday announced a new partnership to reduce the continent’s reliance on Russian energy, the start of a years-long initiative to further isolate Moscow after its invasion of Ukraine. As part of the plan, the US and other nations will increase liquified natural gas exports to Europe by 15 billion … Read more
Tata Motors, the nation’s largest truck maker, has lined up an investment of more than $1 billion (over ₹7,500 crore) in the coming 4-5 years to recraft its road map for the commercial vehicle business, with electric vehicles at its core, people in the know said. The company that has taken a lead in the … Read more
New Delhi: World’s biggest oil producer and exporter Saudi Arabia is yet to renew an agreement with Pakistan that allows oil supplies on deferred payments after that pact expired two months back. An agreement between Pakistan and Saudi Arabia for provision of $3.2 billion worth of oil on deferred payments per annum has expired two … Read more