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Attracting investment to the global natural gas market. Fair price for natural gas considering its energy efficiency and environmental benefits. As the outcome of the 5th Gas Exporting Countries Forum in Malabo The Declaration of Malabo was published. It stressed the importance of the role of natural gas for African countries.
The Strategic Opportunities Fund made its next investment in May 2022 in Ather Energy, an electric two-wheeler company. This was its first direct investment in the manufacturing sector and in electric mobility, both areas of national importance given India's green mission and decarbonisation goals. [60]
Using natural gas for heating, cooking and electricity generation is not economical as more and more locally produced natural gas will be converted into LNG for use in the transport sector to reduce crude oil imports. [40] [41] Conversion of old diesel fueled heavy duty vehicles into LNG vehicles would restore original performance economically.
The search for alternatives to diesel fuel has been ongoing, leading people to turn to options like hydrogen, battery fuel cells, and the subject of this episode of Net-Zero Carbon: liquified ...
Songo Songo Gas Plant. The Natural Gas Revenue Fund (NGRF) is the sovereign wealth fund of Tanzania launched in 2015 after the enactment of a bill by the National Assembly. [1] [2] It manages the revenue accrued from the sale of its natural gas. As of April 2014, Tanzania has a recoverable gas reserve of 43.1 tcf. The fund is managed by the ...
At present 1.06 million km 2 area is held under Petroleum Exploration Licenses in 18 basins by national oil companies viz. Oil and Natural Gas Corporation Limited , OIL India Limited and Private/Joint Venture companies. Before implementation of the New Exploration Licensing Policy (NELP) in 1999, a mere 11% of Indian sedimentary basins were ...
The ETPs offered by USCF include eight single commodity funds, each based on an energy related commodity, and three commodity funds based on an indexes licensed by SummerHaven Index Management. The full listing of USCF funds is: United States Oil Fund, LP (ticker: USO) United States Natural Gas Fund, LP (ticker: UNG)
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas .