Tanker market continues to tank: LNG vessel hire rates expected to tighten in the next 18 months

Even though crude oil demand has been buoyant, an increase in shipping capacity is holding down tanker rates. In the first half of 2017, VLCC rates were down 25% For other types of tankers, the rates wete down anywhere between 18 to 25% Impacted by dropping rates and rising fuel prices, daily revenues are down …

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Ammonia-urea conversion plan: Tie-up with upcoming LNG terminal soon

Every conversion of a naphtha based ammonia-urea fertilizer plant into a gas based unit has a concomitant rollover effect. One such conversion is currently in progress with a deal being wrapped up for supply of LNG with a new liquefaction plant that is coming up. The feedstock conversion process is currently on: a consultant has …

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Indian petrochemical market: Huge potential

The Indian petrochemical market is capable of phenomenal demand, growing to three times its current size by 2030. The key drivers to growth will be the much lower per capita consumption compared to global peers while the key growth drivers will be economic growth, changing consumer behavior and government led initiatives such as Make in …

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Rs 30,000 crore mega coal fired power plant: RFQs are slated for the Q-4, 2018

Even as solar and wind power tariffs fall, there is still a large constituency that thinks coal based power projects are still very on the agenda. An example is the Banka Ultra Mega Power Project Project Cost: Rs 30000 crore Project Description: Bihar Mega Power Limited, a wholly owned subsidiary of Power Finance Corporation Limited, is carrying out detailed …

Continue reading Rs 30,000 crore mega coal fired power plant: RFQs are slated for the Q-4, 2018

$5 billion Iran-India underwater gas pipeline: More than a pipedream

The $5 billion SAGE Middle to India Deepwater Pipeline -- that seeks to ferry around 30 mmscmd of gas from Iran to India --  is being pushed with much doggedness by its New Delhi-based private promoters. There is even talk of building another parallel pipeline soon after the first one is done! Several years of …

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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 …

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