Renewable energy in India: A sharp fall in solar power tariff will hurt the LNG industry

Solar power developers in India expects the tariff rate to come down to as low as Rs 1.50 per unit on falling equipment cost and cheaper credit with assured purchase pacts. Last month, solar tariff dropped to Rs 2.44 per unit in an auction conducted for the Bhadla solar park. The new tariff is below …

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Saudi Aramco’s divestment programme: It will disrupt the global oil & gas business

Saudi Aramco's gigantic disinvestment programme is just around the corner.  The country's young and aggressive Crown Prince Muhammad bin Salman believes the company should be valued at the massive US $2 trillion. This is five times the foreign reserves of a country like India. A five percent disinvestment is meant to fetch a whopping $100 …

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Shipping update: Now is the time to dispose off old units

Current spot market returns have fallen in the shipping market and are and are unlikely to rebound in a significant manner in the near term, argues one analysis.  The solution to low rates is already in front of ship owners, scrapping of older ships.  Low earnings do encourage recycling as owners are struggling to make …

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Electric vehicles and green energy: Latest developments

There are forums already at work in India to advance the rollout of electric vehicles. And practical steps are being taken all around. A maiden attempt is being made to electrify public transportation in Kolkata. The website also also carries here cutting edge research and updates on Plug-in Electric Vehicle (PEV) sales forecast through 2025, …

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Brinkmanship by GAIL: Opponents are more powerful than itself

The fact that GAIL is seeking renegotiations of the long term Indian LNG projects supply terms with its US and Australian suppliers is something to watch out for. All suppliers are likely to resist a price renegotiation. A signed deal is held sacrosanct and the covenants can only be changed mutually. If like GAIL, all buyers …

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Indianpetroplus.com

OC’s 180,000 crore capex-I: The bull run will continue for five more years?

Galvanized by higher profits, Indian Oil Corporation plans to fund its massive Rs 180,000 crore capex over seven years through internal accruals. Earnings are likely to be strong going ahead, now that the Paradip refinery has been fully commissioned. Higher complexity of the refinery will provide a better core GRM (of around $ 12/bbl) which …

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