India Liquified Petroleum Gas (LPG) News

Recent industry report about India Liquified Petroleum Gas (LPG) company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ India Liquified Petroleum Gas (LPG) Market industry experts.

India Liquified Petroleum Gas (LPG) News

  • In February 2022, Indian Oil Corp (IOC) announced the plans to construct three new plants in Northeast India to increase its LPG bottling capacity by nearly 53% or to 8 crore cylinders annually by 2030, to meet the growing demand in the region. Furthermore, the total investment in the plant expansion is likely to range between INR 325-350 crore.
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  • September 2022: AGL Energy announced the company's coal-fired Loy Yang A power station in Victoria will close in 2035.
  • October 2022: New South Wales (NSW ) Electricity Infrastructure awarded the contracts to design and replace four of NSW's remaining five coal power stations in the next 11 years.
  • In September 2022, the German government announced a USD 65 billion plan to help people and businesses cope with soaring prices. Several European nations introduce emergency measures to prepare for a long winter in the wake of disruption in Russian gas supplies to Europe following the Ukraine war.
  • In March 2022, Equinor announced plans to increase gas supply to meet European demands. Increased production permits issued by the Ministry of Petroleum and Energy allow Equinor to maintain high production levels at its Troll, Oseberg, and Heidrun gas fields. Following these permits, the Oseberg and Troll fields will increase exports by around one billion cubic meters (bcm), while the Heidrun field aims to increase gas exports by 0.4bcm for the 2022 calendar year.
  • In January 2022, According to the results of the bid opening for the 11th round of city gas distribution (CGD) bidding, Indian Oil Corporation (IOC) stands to get nine licences and Bharat Petroleum Corporation Ltd (BPCL) 6.
  • In May 2022, Adani Total Private Limited has withdrawn its EoI to build a natural gas pipeline from Haldia to Panitar following objections by Hiranandani Energy and others.

  • In February 2022, Indian Oil Corp (IOC) announced the plans to construct three new plants in Northeast India to increase its LPG bottling capacity by nearly 53% or to 8 crore cylinders annually by 2030, to meet the growing demand in the region. Furthermore, the total investment in the plant expansion is likely to range between INR 325-350 crore.
  • In February 2022, the Indian Institute of Chemical Technology (IICT) announced a collaborative project of approximately INR 7.31 core with Northern Coalfields Limits (NCL), Madhya Pradesh (MP), to take up research and development in the field of sustainable mining and clean coal technologies (CCT).
  • In October 2021, Adani Power Limited announced its plan to commission Godda Ultra Super Critical coal thermal Power Project by March 2022. The plant is located in Jharkhand, India, and has an installed capacity of 1,600 MW. Thus, such upcoming coal power plants are anticipated to increase the use of clean coal technology during the forecast period.
  • April 2024: After a combined investment of USD 15,841,000 from the federal and provincial governments, a new solar energy project would provide the Ulkatcho First Nation with clean energy. The project is set to decrease the need for diesel generation in the remote community by about 64%, equal to a reduction of 1.1 million liters of diesel annually. It is estimated to be one of Canada's largest off-grid solar projects.
  • January 2024: The President of India approved the implementation of a new solar power scheme for vulnerable tribal groups (PVTG) habitations/villages from 2023-2024 to 2025-2026. The scheme would be implemented under Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN). Under the scheme, off-grid solar systems would electrify about 100,000 un-electrified households in PVTG areas where electricity supply through the grid is not techno-economically feasible.
  • May 2024: Jindal Steel & Power Ltd announced the commissioning of the building integrated solar project with an installed capacity of 3.25 MWp spread across an area of 2,00,000 sq. ft. The project, built by the team at SG Ornate Solar Solutions (a joint venture of APL Apollo Tubes & Ornate Solar), is expected to generate more than 100 million units of electricity over its life expectancy, contributing to offsetting 4,500 tons of CO2 emissions annually.
  • February 2024: Scientists in the Middle East simulated the use of different BIPV systems on Dubai’s high-rise buildings. They found that BIPV may be superior to rooftop power generation for buildings with more than seven floors. The main setting conditions for simulation were assumed to be an occupancy density of 0.2 person/m2, sensible heat of 65 W/person, and a latent heat of 54 W/person. Owing to building load reduction and power generation, BIPVs can be a very efficient alternative in Dubai.
  • March 2024: The Government of India announced the Smart Meter National Program (SMNP). The program aims to replace 250 million conventional electricity meters with prepaid smart meters, along with upgrading infrastructure such as feeders and transformers. The project will be funded with an estimated capital expenditure of INR 1.5 trillion (approximately USD 17.97 billion) and is slated for implementation over the next five fiscal years.
  • February 2024: To support the deployment of smart meters, power regulator Enre issued a resolution establishing a public-private working group tasked with helping drive forward the deployment of the meters in the coverage areas of Buenos Aires distributors Edenor and Edesur. The smart meters, also known as advanced metering infrastructure (AMI), will provide real-time data on energy usage, enhancing energy efficiency and enabling a more sustainable energy landscape.
  • April 2024: Octopus Energy, a European renewable energy group specializing in sustainable energy, announced investments in Ocergy, a US-headquartered floating offshore wind tech company, to boost the development of floating offshore wind farms globally.
  • April 2024: Vårgrønn and Flotation Energy, a JV between Plenitude (Eni) and HitecVision, announced that their floating offshore wind project, Green Volt, was granted offshore planning approval. With onshore consent announced earlier, Green Volt is expected to be the first commercial-scale 560 MW floating wind farm offshore Scotland in Europe.
  • March 2024: Energea, an online investment platform that provides access to portfolios of renewable energy projects, announced the completion of 12 new projects in its Community Solar in Brazil portfolio. These latest additions mark a significant milestone in Energea's mission to provide sustainable and efficient energy solutions across Brazil.
  • October 2023: ENGIE Brasil Energia awarded ANDRITZ a contract for the modernization of the 424 MW Jaguara hydropower plant. The ANDRITZ scope of supply includes the modernization of the four Francis turbine-generator units with a capacity of 106 MW each, governors, excitation system, automation system, and all related auxiliary systems. ANDRITZ Hydro Brazil will execute the contract.

India LPG Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)