India approves incentive scheme to promote piped natural gas connections as Iran war drives up LPG costs
The Indian government has approved a "Scheme to Incentivize Domestic Piped Natural Gas Connectivity" aimed at increasing the supply of cooking gas to households. This move comes as the Iran war has disrupted the supply of liquefied petroleum gas (LPG) from the Middle East, leading to soaring import costs. The scheme, effective September 1, 2026, aims to accelerate the expansion of piped natural gas (PNG) connections by providing city gas distributors with additional low-cost domestic natural gas. This will allow them to replace expensive liquefied natural gas (LNG) currently procured for their compressed natural gas (CNG) business, thereby reducing overall gas procurement costs. Currently, about 60% of Indian households rely on LPG as their primary cooking fuel, and before the war, 90% of India's LPG imports passed through the Strait of Hormuz.
Source:Yahoo财经 · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Lookonchain: Bitcoin ETFs recorded a net inflow of 4,436 BTC (+$284.05M) on August 18; Ethereum ETFs saw a net inflow of 16,091 ETH (+$30.46M).
-
2
Ethereum (ETH) Potential Analysis: A Deep Dive into its Long-Term Holding Value and Future Outlook
-
3
OVO Coin Analysis: NFT Platform Role, Market Performance, and Future Metaverse Vision
-
4
INDY Coin (Indigo Protocol) Analysis: Project Value and Market Status
-
5
PARAM Coin Analysis: How Does Param Labs Build a Web3 Gaming Ecosystem?
-
6
COOK Token Issuance Analysis: Supply Situation Under Different Project Backgrounds
-
7
Cypherpunk launches Zcash mining fleet, controlling 18% of network hashrate, with $33.3M Winklevoss Capital backing to target 5% ZEC supply.
-
8
Kraken's Krak Card Launches in the US, Offering Up to 2% Back in USD or Bitcoin, Supporting Spending in Over 600 Currencies
-
9
Zcash (ZEC) Issuance and Circulation Analysis: Max Supply, Halving Mechanism, and Current Status
-
10
TRCL Coin (Treecle) Project Analysis and Market Status
Markets Today
Recommended Reading









