Energy & Petroleum News Today

The US approved an $8.2 billion ST LNG export project off Texas, boosting US-India energy cooperation, creating jobs, and enhancing India's energy security with an annual export capacity of 8.4 million metric tonnes.

BJP leader K Beichhua criticized successive Mizoram governments for failing development promises, urging a focus on self-reliance in food, electricity, healthcare, and infrastructure to drive the state's economic growth.

S-Oil's 9.258 trillion won Shaheen plant launches, adding 1.8 million tons of ethylene annually, while Ulsan's petrochemical restructuring stalls due to cost and employment disagreements amid oversupply.

Prime Minister Modi will inaugurate Pune Metro's Rs 8,300 crore Pink Line, connecting Hinjewadi's IT hub to Shivajinagar. Operated entirely by women, the 23 km corridor utilizes 30 percent solar energy.

Nagaland inaugurated its first CNG station to provide cleaner fuel, reducing running costs by 40%. Conversion costs range from INR 20,000 for auto-rickshaws to INR 80,000 for cars, supporting regional energy infrastructure expansion.

Despite Brent crude falling to $109.93/bbl, global petrochemical costs remain elevated due to Middle East shipping risks. In India, festive demand boosted polymer prices like PP and PVC amid high freight expenses.

Vimag Labs targets ₹100 crore revenue in FY28 as it commercializes magnet-free electric motors, backed by a new facility in Haryana and recent $5 million Series A funding.

Indonesia is diversifying its Pertalite gasoline imports by adding China and India to its supplier network, moving away from single-country reliance to bolster national energy security and distribution reliability.

The eight-month closure of the Strait of Hormuz amid the US-Iran conflict has severely disrupted global energy, chemical, and agricultural supply chains, driving up costs and exposing severe vulnerabilities.

Proposed 3,000 MW pumped-storage hydro project in Karjat, Maharashtra faces heavy protests and legal scrutiny over the felling of nearly 32,000 trees in the ecologically sensitive Western Ghats.