gas sourcing contract

Industrial production growth eased to 4.9% in April 2026, impacted by a dip in mining. However, manufacturing and electricity generation showed robust gains, pushing sequential output higher. Capital goods and infrastructure segments continue to expand strongly, indicating sustained investment, though consumer goods growth remains moderate.

India has reportedly rejected Russian LNG cargoes under US sanctions, despite energy security worries. A sanctioned Russian LNG shipment is now stranded near Singapore as India navigates compliance risks. While India continues to import Russian crude, LNG is harder to conceal from global tracking systems. Discussions are ongoing for non-sanctioned Russian supplies.

Oil prices dipped Wednesday after a three-day rally, with traders watching the Iran conflict's ceasefire and the Trump-Xi summit. Despite a slight fall, crude remains above $100 a barrel due to ongoing supply fears. Analysts predict elevated prices for months, impacting global inflation and potentially delaying US interest rate cuts.

Amaravati's ambitious construction projects are severely hampered by a significant labour shortage, with the current workforce at just 17,000, far below the required 36,010. Migrant workers are leaving due to poor living conditions and delayed wages, causing project pace to halve. Contractors are reluctant to hire local labour, exacerbating the crisis.

While the US and Israel engaged in conflict with Iran, China quietly leveraged the situation to expand its influence. By positioning itself as a diplomatic alternative and stabilizing energy supplies, Beijing benefited from a weakened American strategic position and growing uncertainty about US reliability among allies.

Pakistan is foregoing urgent LNG purchases, betting on a swift de-escalation of Middle East tensions and the timely arrival of cheaper Qatari shipments. This risky strategy comes as the country faces a significant gas deficit and widespread electricity outages, exacerbated by disruptions in the Strait of Hormuz.

Google's DeepMind employees are demanding union recognition amid concerns over their AI technology's use by the US and Israeli militaries. Workers seek a commitment against developing AI weapons and surveillance tools, urging management to voluntarily recognize their unions or face legal action. The move highlights growing anxieties about AI's ethical implications and its potential for harm.

Britain's electricity prices remain tethered to volatile gas costs, despite renewable energy growth. The government is reforming pricing to break this link, encouraging renewables to adopt fixed contracts. While immediate bill relief is uncertain, long-term goals aim for stable, lower prices through increased renewables and reduced gas dependence.

While the world order evolves, and UAE’s decision impacts other major oil producers around the world, India which imports around 90% of its crude needs may actually stand to benefit.

India is securing LPG cargo through spot purchases to meet demand for gas cylinders among households as well as commercial establishments. People aware of the development said state-run oil marketing companies have tied up with the US to bridge the supply shortfall.

The UAE’s exit from OPEC signals a shift in global oil politics, weakening coordinated supply control. For India, heavily dependent on imports, it could mean more flexible deals ahead, but also greater exposure to price volatility driven by geopolitical tensions.

According to data from the Ministry of Petroleum and Natural Gas, crude production fell 2.5 per cent to 28 million metric tonnes in 2025–26. This marks a cumulative drop of 22 per cent since 2014–15.

India is bolstering its engagement with the Gulf as a fragile ceasefire takes hold in West Asia. Union Minister S. Jaishankar is visiting the UAE to deepen strategic ties, while Minister Hardeep Singh Puri is in Qatar to secure vital energy supplies.

Merchant sailor Rex Perreira endured a harrowing month at sea, stranded in Iraq without documents amidst bombings. After a ship engine explosion and dire conditions, he and other Indians were left abandoned. Following sustained efforts and emergency document issuance, Perreira finally returned to Mumbai after a perilous journey.

As heatwaves intensify, renting cooling appliances offers a practical solution. Whether opting for an AC or a cooler, careful vendor selection, unit inspection, and understanding maintenance policies are crucial. Matching capacity to room size and considering energy ratings significantly impact comfort and cost. Renting provides flexibility, but informed choices prevent costly mistakes.

A severe LPG cylinder shortage, exacerbated by global energy supply route pressures, has forced many informal sector factory workers in NCR to leave for their native villages. The collapse of the black market for cheap, informal refills has made survival impossible for daily wage earners, leading to mass departures and hunger.

Apart from crude oil disruptions, the supply of LPG and LNG have also been hit. India imports a big portion of its LPG and LNG needs and has been looking to step up procurement from alternative sources.

Traditionally, India has sourced most of its crude from the Middle East, particularly Iraq, Saudi Arabia and the UAE, owing to geographical proximity, established contracts and reliable shipping routes.

Make more, store more, or buy more? About 65% of our LPG and 45% of our LNG is imported, and the way out of that import dependence is slow and messy

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