February 28, 2020: India is Asia’s largest exporter of petroleum products, but it is also the world’s third largest importer of Liquefied Petroleum Gas (LPG). LPG (domestic) is a subsidised item and the government has been promoting its penetration into the villages. Click column Special Database for salient features of the LPG profile as on January 1, 2020.

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February 27, 2020: India is Asia's largest exporter of petroleum products. India was consistently in deficit of petroleum products till FY 2001-02. The situation drastically changed with the entry of Reliance Industries with its mega refineries which was followed by the entry of Essar with its refinery at Vadinar. What is the extent of surplus petroleum products India had over the years? Click column Special Database for an update.

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February 24, 2020: Time To Repudiate The Crooked Rasgas Deal | www.indianoilandgas.com has been consistently exposing the unequal deal between Qatar’s RasGas and India’s Petronet LNG Ltd (PLL). Had PLL accepted the original offer of RasGas in response to its tender, India would have been receiving LNG at a maximum price of $ 4.5 mmBtu. Indian officials fell for the deceptive offer RasGas subsequently made and the rest is history. Not only the price, even some of the vital provisions of the contract were violated without any resistance from the Indian side. In 2015, the LNG price was renegotiated after it reached $ 14/mmBtu. Some relief for some time, but the hapless Indian LNG consumers now pay a price almost double the prevailing spot price of Asian LNG. RasGas is refusing to renegotiate the price on the ground that it has already been re-negotiated. There are sensible options which the government should be able to exercise. This is what the country’s energy experts expect from the Modi government. Click Free Access column Petro Intelligence for details.