Global Markets: India Will Lead Global Oil Demand By 2035

Oil market participants and analysts have been closely watching the record level of supply coming out of the United States that is threatening to undo OPEC’s production cuts. But in the latter part of 2017 and early in 2018, robust oil demand growth — both in emerging markets and OECD economies — has supported oil prices as much as the cartel’s production restraint and the weakening U.S. dollar.

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Mozambique Renewables: Government receives invitation to International Solar Alliance Summit in India

Mozambique on Monday received an invitation to attend the International Solar Alliance (ISA) summit to be held in the Indian capital of New Delhi, as its efforts to increase accesses to energy in the country has been recognized and its integration to the ISA ratified.

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Mozambique Oil & Gas: “Why Indian investments in Mozambique are facing bad weather” – Financial Express

Investment by Indian exploring companies in Mozambique gas field is unlikely to see any returns till 2022. This is due to instability in the host nation and not-so-keen approach by other consortium partners and no signs of a liquefied natural gas (LNG) terminal, required to transport fuel. The field was expected to start production by 2019. Indian companies have made an investment of $6.5 billion in the African country. While ONGC Videsh (OVL), the overseas…

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Africa Oil & Gas: “Insecurity and conflict still hampering South Sudan’s oil” – Petroleum Economist reports

Heavily in debt and still suffering ruinous violence, South Sudan desperately needs to lift oil production and has bright hopes to send exports to neighbouring Ethiopia. The government in Juba has even suggested that output could reach 0.5m barrels a day, the level it says it was pumping before civil war broke out in 2013.

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Global Oil & Gas: India boosts LNG imports in August

India’s imports of liquefied natural gas rose 34.6 percent in August as compared to the same month a year ago, according to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).

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